Glass is a venture-backed cryptos which are starting up the seek to monetize the NFT videos. This will fall to prey the bear market as its founders are going to walk away.
Co-founders Sam Sends and Varun posted on X on Friday and said they will going to end the Active development of the Glass protocol after understanding the demand for the digital and tradable NFT videos hence these are too low to continue.
Lyer said
“The market for video NFTs can no longer sustain Glass’ development,”
Struck also said in a similar tone
“Unfortunately, we have come to the conclusion that there is not sustainable demand for video NFTs.”
The two-and-a-half-years startup is the latest victim of the sustainable downturn in crypto trading. Crypto trading striking into the NFT space is particularly hard. The trading volumes are not bad for all the forms of on-chain collectibles. They will be the well-known blue chip.
The Glass Ideas was given to online content creators as a platform for selling their videos to their fans. Its founders saw the blockchains as bringing better transparency to the process in a decentralized manner.
Sends said in a 2021 podcast
“We really want to find a way to help everyone profit,”
“It’s a new way to express and own and share what you care about.”
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