X2Y2, once the second largest NFT platform, announced it will shut down on April 30. The NFT platform was operational for 3 years and launched in February 2022. NFT platforms are dying out amid a ...

NFT marketplace X2Y2 will shut down its trading platform on April 30 after three years of operation. While the marketplace’s smart contracts will remain functional, users will no longer have ...

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 ...

X2Y2, once a major NFT marketplace, will close at the end of the month. The NFT market decline, with trading volumes dropping nearly 90%, led to X2Y2 struggling to maintain network effects.

X2Y2’s closure comes amid a series of similar exits. Crypto exchange Bybit will shut its NFT marketplace by April 8. LG’s NFT platform, LG Art Lab, will end operations on June 17.

NFT marketplace X2Y2 will shut down operations on 30 April 2025, drawing the curtain on a three-year run that once positioned it among the top players in the non-fungible token space.

X2Y2 cited OpenSea’s decision and creator adoption of that rival’s blocklist solution in announcing a change to royalties enforcement.

X2Y2’s announcement drew backlash from NFT Twitter, with many JPEG enthusiasts arguing that eliminating royalty payments would hurt the very artists and creators who first turned to NFTs as a ...

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.