On March 31, Non-Fungible Token trading platform X2Y2 announced, "After three years of glory and $5.6 billion in trading volume, X2Y2 will officially close as a Non-Fungible Token market on April 30, 2025."

The X2Y2 contract will remain active, but the platform itself will cease operations. X2Y2's CEO stated, "Non-Fungible Token trading volume has shrunk by 90% from its peak. The survival of market platforms depends on network effects, and after three years of striving to be first, it's time to let go and build something with more lasting value. But this is not a goodbye—it's a transformation. Over the past year, we have delved deeply into the AI field, exploring how it can intersect and merge with cryptocurrency in powerful new ways.

We are creating something entirely new: providing returns in a decentralized manner, driven by AI. It is decentralized and innovative, aimed at creating value cyclically—not just chasing trends. The X2Y2 token is closely tied to our Non-Fungible Token vision, and I won't sugarcoat reality—this change may affect its price. But I believe our next chapter will create something more valuable in the long term."