NFT Video Startup Glass Falls to Crypto Bear Market

NFT Video Startup Glass Falls to Crypto Bear Market

Glass, a venture-backed crypto startup that sought to monetize NFT videos, is falling prey to the bear market; its founders are walking away.

Co-founders Sam Sends and Varun Iyer posted on X (formerly Twitter) Friday that they will “end active development” of Glass Protocol after determining the demand for digital, tradeable video NFTs was too low to continue.

“The market for video NFTs can no longer sustain Glass’ development,” Iyer said. Sends struck a similar tone: “Unfortunately, we have come to the conclusion that there is not sustainable demand for video NFTs.”

Trending: One of America’s Largest Pharmacies Proposes to Close Hundreds of Stores in Bankruptcy

The two-and-a-half-year-old startup is the latest victim to a sustained downturn in

Continue reading


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!