🚀 Latest news in the crypto world: VC-backed Glass Protocol is abandoning the project launched with the aim of converting NFT videos into money due to low demand. NFT demand, which increased rapidly in 2021, dropped rapidly in the 2022 bear market and many projects had to close.

🔹 Glass Protocol was a two-year project launched "with the vision of a decentralized video protocol." Although the team said they would cease active development, they noted that the platform "will remain open and free for all creators to use."

🔹 Founders Sam Sends and Varun Iyer concluded that “unfortunately, there is no sustainable demand for video NFTs.” Glass Protocol's email address will remain open for questions, but its Telegram channel will be closed.