“The team is pivoting to a new Project Involving Ai-Powered, Decentralized Financial Tools.”, – WRITE: www.coindesk.com
The Decision ComESS As the Broader Nft Market Continues to defalate. Trading Volumes Have Droped Nearly 90% Since Their Peak, The Team Wrote in A Post, and X2Y2 Stuggholboard to Mainten the Network Effects Citical To MarketPlace Success.
“Marketplaces Live or die by Network Effects,” Founder TP Wrote in A Post. “After Three Years, It’s Clear It’s Time to Move on.”
X2Y2 Started Up in Early 2022 and Reached $ 5.6 Billion in All-Time Trading Volume, Accounting To Data From Tokenterminal.
Smart Contracts Tied to the Platform Will Remain Operational, But Users Are Encouraged to Withdraw Assets or Transition Activity by the Shutdown Date. The Price of the MarketPlace’s Native X2Y2 Token is Down 10.7% on the Announcement to now Trade at Little Over $ 0.001. The token has been lost 97.7% of it valve over the last two years.
The Team SAID IT IS PIVOTING TO A NEW PROJECT INVOLVING AI-POWERED, DECENTRALIZED FINANCAL TOOLS.
