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The Defiant 2025-04-01 20:44:47

NFT Marketplaces Shut Down Amid Declining Volumes

Since yesterday, two major firms — X2Y2 and crypto exchange Bybit — have announced the closure of their NFT marketplaces. X2Y2, the fourth-largest NFT marketplace by trading volume, per Token Terminal data , will sunset its business on April 30, according to a blog post yesterday, March 31, from the firm’s founder and CEO. The news comes over three years after the marketplace launched in February 2022. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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