### What is X2Y2?

X2Y2 is a decentralized and community-driven NFT marketplace operating on the Ethereum blockchain. It aims to challenge the market's dominant player, OpenSea, by providing unique features and sharing profits with users.

### How does X2Y2 work?

X2Y2 works as a decentralized NFT marketplace built on the Ethereum blockchain, utilizing Web3 technology for secure and automated NFT trading. It employs Ethereum's Proof of Stake (PoS) for validation and relies on smart contracts written in Solidity for core functions like NFT trade matching and auctions. Additionally, the platform includes an inbuilt rarity ranking system for NFTs.

### What are the potential use cases for X2Y2?

X2Y2's potential use cases include NFT trading and marketplaces, with tools for bulk listing and batch purchasing, creator economy with whitelist minting and royalty management, decentralized finance through NFT lending, Web3 development via open APIs and SDKs, metaverse integration plans, and governance through a Decentralized Autonomous Organization (DAO). It primarily serves the digital art, collectibles, gaming, and virtual reality sectors.

### What is the history of X2Y2?

X2Y2 was launched in February 2022 by founder TP, focusing on democratizing the NFT market. The platform quickly gained traction by employing an airdrop strategy that required listing NFTs, escalating it to a top position in the NFT marketplace sector. It operates without major forks or updates that alter its fundamental technology, and continues to innovate in providing competitive and user-friendly features.

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