WeWork founder's crypto startup Flowcarbon refunds investors after failing to issue tokens

BlockBeats news, on September 12, Flowcarbon, a blockchain carbon credit platform co-founded by WeWork founder Adam Neumann, was refunding investors after its once highly anticipated "Goddess Nature Token" (GNT) failed to be issued.

Some refunds have been issued "in recent weeks" after investors, including Andreessen Horowitz, a venture capital firm in the technology field, waited for more than a year without seeing its token issuance.

Flowcarbon informed investors that market conditions and resistance from carbon registries were the main reasons for the refunds.

Flowcarbon does not appear to have publicly disclosed its refunds. A Flowcarbon spokesperson said: "Since last year, we have been providing refunds to retail GNT purchasers in accordance with standard and customary terms. We continue to develop Flowcarbon into a leader in carbon finance." (Cointelegraph)