In a surprising move, the NFT marketplace X2Y2 is closing its doors after three years of service. Known for its unique features, including a 0% private sale fee, X2Y2 emerged during the height of the NFT boom. However, the platform will now pivot towards a new project focused on artificial intelligence (AI) and its application … Read more
TLDR Bybit will shut down its NFT, Inscription Marketplaces, and IDO product on April 8, 2025 NFT trading volume has collapsed over 95% from peak levels in 2021 Q1 2025 NFT sales fell 63% year-over-year to $1.5 billion Multiple major platforms including X2Y2, Kraken, and LG are also exiting the NFT space The shutdown comes … Read more
TLDR Bybit announced the closure of its NFT and Inscription marketplaces effective April 8, 2025 The shutdown is part of a broader industry trend as NFT trading volumes have fallen over 95% from peak levels Other major platforms including X2Y2, Kraken, RTFKT, and LG have also recently exited the NFT marketplace business Bybit’s decision comes … Read more
Market intelligence platform CryptoQuant says that the Ethereum (ETH) reserves of Bybit are recuperating after the crypto exchange was hacked to the tune of $1.4 billion. In a new thread on the social media platform X, Julio Moreno – CryptoQuant’s head of research – says that Bybit is seeing inflows worth over $390 million in … Read more
Reading Time: 2 minutes NFT marketplace X2Y2 has announced it’s shutting down to pivot to AI X2Y2 is shifting its focus to an AI-powered crypto project that provides sustainable value generation X2Y2 was once the second-leading NFT marketplace The bearish momentum has overpowered NFT exchange X2Y2, which has announced it’s shutting down and pivoting to … Read more
After three years of operation, NFT marketplace X2Y2 has announced it will cease operations by April 30, 2025, marking a significant shift as the team pivots to focus on artificial intelligence. The decision, shared in a March 31 statement, signals a new chapter for the company amid ongoing transformations in the crypto and digital asset … Read more
Quick take: X2Y2 reached a monthly trading volume of $209 million in May 2022, just months after its launch, but the platform saw just $53.6 million over the past 365 days. The platform’s native token X2Y2 has dropped nearly 90% to a fully diluted value of about $1.4 million, according to CoinMarketCap. The project won’t … Read more
X2Y2, once a leading marketplace for non-fungible tokens (NFT) will shut on April 30, ending a three-year run that saw the exchange briefly trail only OpenSea in trading volume during the NFT boom of 2021. The decision comes as the broader NFT market continues to deflate. Trading volumes have dropped nearly 90% since their peak, … Read more
Join Our Telegram channel to stay up to date on breaking news coverage OpenSea, one of the largest non-fungible token market platforms, has successfully added support for the Ronin blockchain network. This integration now gives its users an exclusive chance to mint top Ronin-based non-fungible token collections, including the Axie, Awaken Hunter, and Capy Game … Read more
Join Our Telegram channel to stay up to date on breaking news coverage Mintify, one of the leading cross-chain non-fungible token marketplaces, has launched its utility token. This much-anticipated ecosystem token will be listed on Kucoin, one of the leading cryptocurrency exchanges, today, March 25, 2025. Mintify joins leading NFT marketplaces such as OpenSea, Blur, … Read more