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.”
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