Still, the firm suggested that the readers should imagine “yields in a permissionless way, powered by AI.”The new platform will reportedly allow users to earn profits throughout bear and bull markets and entire market cycles, in what is presumably a somewhat decentralized variation on AI-powered trading:“This isn’t just another project; it’s our shot at creating real, long-term value in crypto for the broader community we’re proud to serve.“The announcement follows early February reports that tokens tied to artificial intelligence agents were down by as much as 90% from 2024 highs.
She told Cointelegraph:“The speculative phase focused on collectibles and trading is over, but NFTs are now entering their next growth era as core infrastructure enabling massive opportunities in gaming, AI, fan engagement and content authentication.“Related: The ABCD of AI: Automation, big data, computer vision and deep learningReal-world implementation is keySethi highlighted initiatives such as Mythical Games issuing large numbers of NFTs on Polkadot meant for in-game integration following a $75 million fundraise in 2021.
According to Sethi, “X2Y2’s experience highlights that NFT platforms cannot rely solely on marketplace network effects.” Instead, companies should focus on building communities and market resilience by building NFTs into real-world applications.
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Author / Journalist: Cointelegraph by Adrian Zmudzinski
The story "NFT marketplace X2Y2 shuts down after 3 years, pivots to AI" has 464 words across 20 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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