{"id":22577,"date":"2025-03-31T16:05:22","date_gmt":"2025-03-31T13:05:22","guid":{"rendered":"https:\/\/forklog.com\/en\/nft-marketplace-x2y2-announces-closure-after-three-years\/"},"modified":"2025-03-31T16:05:22","modified_gmt":"2025-03-31T13:05:22","slug":"nft-marketplace-x2y2-announces-closure-after-three-years","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nft-marketplace-x2y2-announces-closure-after-three-years\/","title":{"rendered":"NFT Marketplace X2Y2 Announces Closure After Three Years"},"content":{"rendered":"<p>The NFT trading platform X2Y2 <a href=\"https:\/\/mirror.xyz\/x2y2.eth\/85DG2KcKmJd1AiyXU7BU2yATys1hgxWWXju_pmESwYI\">announced<\/a> its complete shutdown on April 30, three years after its launch.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ After an incredible 3-year journey, I have some important news to share: X2Y2 will be sunsetting as an NFT marketplace on April 30, 2025. The contracts will remain live, but the platform itself will shut down.<\/p>\n<p>\u2014 TP | X2Y2 (@tp_x2y2) <a href=\"https:\/\/twitter.com\/tp_x2y2\/status\/1906621915634233798?ref_src=twsrc%5Etfw\">March 31, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the project&#8217;s CEO, known as TP, the smart contracts will continue to operate, so there is no rush to withdraw assets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I know this may be unpleasant, especially regarding the token price. X2Y2 tokens were tied to the NFT vision, and as we close this chapter, it will likely hit [the quotes] hard. I&#8217;m not going to sugarcoat it,&#8221; he stated.<\/p>\n<\/blockquote>\n<p>One reason for the platform&#8217;s closure was a 90% drop in NFT trading volume from its peak in 2021. Additionally, TP cited the network effect:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We fought hard to become #1, but after three years, it became clear that it&#8217;s time to move on. The NFT chapter taught us a lot \u2014 above all, that enduring value triumphs over chasing trends.&#8221;<\/p>\n<\/blockquote>\n<p>The top manager plans a new project in the AI sector, with details to be revealed later.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Imagine: permissionless yield powered by AI. It&#8217;s decentralized, it&#8217;s innovative, and it&#8217;s built to matter \u2014 bull or bear, cycle after cycle. This is not just another project; it&#8217;s our chance to create real, long-term value in crypto for the broader community,&#8221; he wrote.<\/p>\n<\/blockquote>\n<p>The beta version of X2Y2 was launched on February 6, 2022. During this time, the platform <a href=\"https:\/\/tokenterminal.com\/explorer\/projects\/x2y2\/metrics\/trading-volume\">achieved<\/a> a cumulative trading volume of $5.6 billion and at its peak was the second-largest NFT market after OpenSea. Recently, the platform ranked third in this rating, according to Token Terminal.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcfml0QBJBLXnVug_p-BX3DPC9yN8pwj56iNhmsIUksc0mlGHdU412wplF6j32pkN3dLDgX8Wjl40NBe2k682bplmY-qwjc1M6RJOdLzbVpCxD6oW17nCPwFFB3OISGF8KDRu1ZPw?key=JL84w2fZ9--LVcG8LceG6dcT\" alt=\"Third-largest NFT platform X2Y2 announces closure\"\/><figcaption class=\"wp-element-caption\">Data: Token Terminal.<\/figcaption><\/figure>\n<p>According to last year&#8217;s <a href=\"https:\/\/u1f987.com\/en\/news\/coingecko-identifies-optimal-timing-for-selling-airdrop-tokens\">study<\/a> by CoinGecko, the X2Y2 token became the second-highest in short-term maximum yield after the airdrop \u2014 it gained 121% by the second day.<\/p>\n<p>In February 2025, OpenSea <a href=\"https:\/\/u1f987.com\/en\/news\/opensea-launches-os2-beta-and-announces-token-airdrop\">introduced<\/a> the beta version of the OS2 platform and announced an airdrop.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NFT trading platform X2Y2 announced its complete shutdown on April 30, three years after its launch. 1\/ After an incredible 3-year journey, I have some important news to share: X2Y2 will be sunsetting as an NFT marketplace on April 30, 2025. The contracts will remain live, but the platform itself will shut down. \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,83,1213],"class_list":["post-22577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-business","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=22577"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/22576"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=22577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=22577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=22577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}