NFT Marketplace X2Y2 goes out after 3 years, pivots AI

The non -fungible token market (nft) X2Y2 announced that it is closing after three years of operation.

According to March 31 <a target="_blank" data-ct-non-breakable="null" href="https://mirror.xyz/x2y2.eth/85DG2KcKmJd1AiyXU7BU2yATys1hgxWWXju_pmESwYI” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://mirror.xyz/x2y2.eth/85DG2KcKmJd1AiyXU7BU2yATys1hgxWWXju_pmESwYI”>advertisementX2Y2 will close on April 30, with the team changing its focus on an artificial intelligence project. The team shared its enthusiasm for the rapid growth sector:

“It is a pivot. In the last 12 months, we have been immersing ourselves deeply in ai, in the greatest paradigm shift that we will see in our lives and how it can transform cryptography. We are building something new.”

Token terminal data shows That x2y2 saw a negotiation volume of $ 53.6 million in the last 365 days. While this is far from the market leader with its negotiation volume of $ 3 billion, it still gives the fourth place of the protocol behind Blur, Opensa and immutable.

Charu Sethi, president of Polkadot and Kusama Chain Unique Network, focused on nft, said the decision is not a sign of decrease in the nft market. She told Cointegraph:

“The speculative phase centered on the collectibles and the trade is over, but the nfts are now entering their next era of growth as a central infrastructure that allows massive opportunities in the games, ai, the participation of fans and the authentication of content.”

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The implementation of the real world is key

Sethi highlighted initiatives such as mythical games that broad reached 7.4 million unique active wallets in 2024.

According to Sethi, “X2y2's experience emphasizes that nft platforms cannot depend solely on the effects of the market network.” Instead, companies must focus on building communities and market resilience through the construction of nft in real world applications. She said the key is to assess the usefulness of speculation.

“The platforms must pivot towards models promoted by public services that encourage the constant participation of the user, either through games of games, sports fandom or backed by ai,” said Sethi. “Successful platforms will create ecosystems where nfts are part of a continuous value cycle, not just speculative commercial assets,” he added.

Alexander Salnikov, co -founder of the rare nft market, told Cointelegraph that the apparent fall is only part of a larger nft market cycle. His comments echoed Sethi, who also said that the utility is key:

“The nfts are still one of the most powerful primitive of cryptography, and the next wave will be directed by projects that focus on strong use cases, either in games, digital identity or brand participation.”

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A new approach

The announcement was scarce in the details about the project on which the X2y2 team is focusing. Even so, the firm suggested that readers should imagine “yields in a way without permission, driven by ai.”

According to reports, the new platform will allow users to obtain profits in bear and scope markets and entire market cycles, in what is presumably a somewhat decentralized variation in trade with ai:

“This is not just another project; it is our opportunity to create a real long -term value in cryptography for the community in general that we are proud to serve.”

The announcement follows the reports of the beginning of February that tokens linked to artificial intelligence agents decreased by up to 90% from 2024 maximums. Even so, recent reports suggest that the increase in cryptographic agents promoted by ai can follow a family trajectory that reflects the initial boom, bust and resurgence of the ICO era projects.

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