Ammad 
leading nft platform shutters after 3 year run in declining market
X2Y2 made a formal statement that it must stop serving NFT customers from February 2022 to April 30, 2025 as marketplace operations end. The marketplace closed its doors after three years as it started trading in February 2022 when NFT popularity was at its peak.
The business statement reveals NFT trading numbers decreased by 90% during its peak lifetime. The X2Y2 team recognized that market conditions do not support long-term operation despite their success in generating $5.6 billion in trading volume and holding third position for in-game NFT platforms.
After three years in business the company made their end-of-operation announcement because they wanted to keep their top spot. The NFT experience showed many valuable lessons especially that enduring value surpasses short-lived market fads.
Instead of bouncing back from diminishing NFT enthusiasm X2Y2 transforms into artificial intelligence and develops investment tools for cryptocurrency buyers. The company revealed basic information about creating AI-run yield products.
The X2Y2 shutdown replicates a market cycle trend from 2017 and 2021 where popular investment methods that rise swiftly collapse when investors recognize realistic price levels.
