**Flowcarbon Refunds Investors After GNT Token Fails to Launch**

Flowcarbon, a blockchain-based carbon credit platform co-founded by ex-WeWork CEO Adam Neumann, is refunding investors after its hyped “Goddess Nature Token” (GNT) failed to launch.

- Investors, including Andreessen Horowitz, waited over a year for the launch, only to receive refunds in recent weeks.

- Flowcarbon cited market conditions and resistance from carbon registries as reasons for the refunds.

- The company remains active in the climate industry, despite the setback.

Flowcarbon raised $70 million in Series A funding in May 2022, with $38 million from token sales. The GNT token was intended to be backed 1:1 with carbon credits, aiming to make carbon markets more accessible.