NFT marketplace X2Y2 announced its shutdown after three years, shifting focus to a new artificial intelligence project.
X2Y2 Closure and AI Shift
On March 31, X2Y2 announced it would close on April 30. The team shared its intention to focus on a project related to artificial intelligence.
New Opportunities for NFTs
Charu Sethi from Unique Network stated that this does not signify a decline in the NFT market. NFTs are entering a new growth phase, exploring applications in gaming, AI, and other areas.
Focus on AI Project
The new project will leverage AI to help users earn during both bear and bull markets. The aim is to create long-term value in cryptocurrency.
X2Y2's shift towards AI highlights the evolving nature of the crypto industry, where platforms adapt to new technologies and seek to integrate AI to strengthen their market presence.
