NFT video startup Glass announces the termination of its development activities, having previously raised $5 million in investments from 1kx and others

ChainCatcher news, NFT video startup Glass has announced the termination of its development activities. Its co-founders Sam Sends and Varun Iyer stated on social media that they will "end the development of the Glass protocol" because they believe the demand for video NFTs is unsustainable and cannot continue to develop.

According to the crypto data platform RootData showing, Glass announced last September that it had completed a $5 million funding round, with investments from TCG Crypto, 1kx, and others.