Description
X2Y2 launched its beta on February 6, 2022 as a truly decentralized NFT marketplace, growing to become the 2nd largest NFT marketplace behind OpenSea and accumulating $5.6 billion in all-time trading volume, later holding as the 3rd largest marketplace per TokenTerminal. The platform also operated 'X2Y2 Pro', which partnered with companies like MARBLEX (Netmarble Corp's blockchain subsidiary) to support networks such as Klaytn for NFT collection launches, and ran a staking rewards program for its token holders. Amid a 90% decline in NFT trading volume from its 2021 peak, X2Y2 announced it was sunsetting its NFT marketplace operations, shutting down completely on April 30, 2025 (smart contracts remain operational), while pivoting the team's focus toward building an AI-driven, permissionless yield product for the broader crypto community.