Flowcarbon Refunds Investors After Delays in Carbon Credit Token Launch: Report
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 16 2024Flowcarbon's Refunds: Flowcarbon, led by former WeWork CEO Adam Neumann, has begun refunding investors after failing to launch its Goddess Nature Token (GNT) due to market challenges and regulatory pushback on tokenizing carbon credits.
Investment Background: The startup raised $70 million in 2022, with significant contributions from notable investors, but has faced obstacles similar to other crypto-carbon initiatives, leading to frustration among financiers while maintaining a public presence with upcoming events.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
