WeWork founder’s crypto startup refunds investors after no token launch: Report
Flowcarbon reportedly cited tough market conditions and resistance from carbon registries as the main reasons behind the refunds.
Flowcarbon, a blockchain-based carbon credit platform co-founded by WeWork’s former CEO Adam Neumann, is reportedly refunding investors after its once-hyped “Goddess Nature Token” (GNT) failed to launch.
Some refunds have been issued “in recent weeks” after investors — such as tech-focused venture capital firm Andreessen Horowitz — waited over a year for a launch that never happened, Forbes reported on Sept. 11.
Flowcarbon told investors market conditions and resistance from carbon registries were the main reasons behind the refunds.
Flowcarbon reportedly cited tough market conditions and resistance from carbon registries as the main reasons behind the refunds.
Flowcarbon, a blockchain-based carbon credit platform co-founded by WeWork’s former CEO Adam Neumann, is reportedly refunding investors after its once-hyped “Goddess Nature Token” (GNT) failed to launch.Some refunds have been issued “in recent weeks” after investors — such as tech-focused venture capital firm Andreessen Horowitz — waited over a year for a launch that never happened, Forbes reported on Sept. 11.Flowcarbon told investors market conditions and resistance from carbon registries were the main reasons behind the refunds.Read more