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Former WeWork CEO Adam Neumann’s blockchain startup Flowcarbon has delayed product launches due to adverse market conditions. The Wall Street Journal was told about this by the co-founder
Former WeWork CEO Adam Neumann’s blockchain startup Flowcarbon has delayed product launches due to adverse market conditions. The Wall Street Journal was told about this by the co-founder and CEO of Dana Gibber.
Flowcarbon is focused on building a carbon credit market based on distributed ledger technology. Most of these instruments are sold through brokers or the issuers themselves. According to many critics, this process is complex and opaque.
“As someone who has bought loans from brokers before, it is much, much easier to buy and burn tokens,” billionaire Mark Cuban said in a conversation with the WSJ.
Startup Develops Platform to Burn Goddess Nature Token (GNT) to Balance CO Emissions2.
The launch of GNT was scheduled for the end of June 2022, but has now been delayed indefinitely. According to Gibber, the company decided to “wait until markets stabilize”.
Recall that in May 2022 Flowcarbon raised $70 million from Andreessen Horowitz and other investors.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
