Скачать или смотреть NFT marketplace X2Y2 shuts down after 3 years, pivots to AI

‎⁨@Ch.M.Kashif⁩ 

#NFTexchange X2Y2 will #shutdown after three years to pivot toward an AI-driven crypto project aimed at sustainable, utility-based value generation.

Non-fungible token (NFT) #marketplace X2Y2 announced it is shutting down after three years of operation.

According to a March 31 announcement, X2Y2 will shut down on April 30, with the team switching its focus to an artificial intelligence project. The team shared its enthusiasm for the rapidly growing sector:

“It’s a pivot. Over the last 12 months, we’ve been diving deep into AI—hands down the biggest paradigm shift we’ll see in our lifetimes—and how it can transform crypto. We’re building something new.“
Token Terminal data shows that X2Y2 saw $53.6 million worth of trading volume over the last 365 days. While this is a far cry from market leader Blur with its $3 billion worth of trading volume, it still awards the protocol fourth place behind Blur, OpenSea and Immutable.

X2Y2 365-day trading volume chart. Source: Token Terminal

Charu Sethi, president at NFT-focused Polkadot and Kusama chain Unique Network, said the decision is not a sign of decline in the NFT market. She told Cointelegraph:

“The speculative phase focused on collectibles and trading is over, but NFTs are now entering their next growth era as core infrastructure enabling massive opportunities in gaming, AI, fan engagement and content authentication. “
Related: The ABCD of AI: Automation, big data, computer vision and deep learning

variation on AI-powered trading:

“This isn’t just another project; it’s our shot at creating real, long-term value in crypto for the broader community we’re proud to serve.“
The announcement follows early February reports that tokens tied to artificial intelligence agents were down by as much as 90% from 2024 highs. Still, recent reports suggest that the rise of AI-driven crypto agents may be following a familiar trajectory that mirrors the initial boom, bust and resurgence of ICO-era projects.

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