Flowcarbon, launched by WeWork founder Adam Neumann two years ago, promised to link carbon credits to the blockchain with a cryptocurrency called 'Goddess Nature Token'. However, the token never materialized and investors are now being refunded after years of delays and unfulfilled promises.
that WeWork founder and former CEO Adam Neumann 's climate-focused cryptocurrency venture has been discreetly refunding investors after years of failing to do anything said it would do.
Launched about two years ago, Neumann's Flowcarbon venture was billed as a way to link carbon credits to the blockchain. In short, Neumann said Flowcarbon would launch a cryptocurrency called — we're definitely not laughing — "Goddess Nature Token," which would be backed 1:1 by real-world carbon credits.
Carbon credits are buyable, tradable certificates that represent a measurable reduction in fossil fuel emissions, often purchased in large quantities by corporations to offset the environmental harm they do. In theory, Flowcarbon's value was its promise to bring thein 2022 that it had raked in $70 million, at least $38 million of which came from Goddess Nature Token presales, asBut fast forward almost two years later, and Goddess Nature Tokens have yet to materialize.
Cryptocurrency Carbon Credits Wework Adam Neumann Flowcarbon
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