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News Explorer — Glass Video NFT Protocol Ends Development

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Sep 8, 8:46 pm

Coindesk

Glass Video NFT Protocol Ends Development

Glass Protocol, a venture-backed crypto startup that aimed to monetize NFT videos, is shutting down due to low demand. The founders, Sam Sends and Varun Iyer, announced that they will no longer actively develop the platform. Glass Protocol, which raised $5 million in funding, shifted from the Solana blockchain to Ethereum in recent months but failed to gain traction in the bear market.

Glass Protocol, a venture-backed crypto startup that aimed to monetize NFT videos, is shutting down due to low demand. The founders, Sam Sends and Varun Iyer, announced that they will no longer actively develop the platform. Glass Protocol, which raised $5 million in funding, shifted from the Solana blockchain to Ethereum in recent months but failed to gain traction in the bear market.

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