๐จ Flowcarbon Refunds Investors After GNT Token Fails to Launch ๐จ
In a surprising twist, Flowcarbon, the blockchain-based carbon credit platform co-founded by ex-WeWork CEO Adam Neumann, is refunding investors after the much-anticipated Goddess Nature Token (GNT) failed to launch. ๐
Hereโs the scoop:
๐ธ Big-Name Investors like Andreessen Horowitz, who had been waiting over a year for the launch, have started receiving refunds in recent weeks. ๐ผ
๐ธ Why the Refund? Flowcarbon cites tough market conditions and pushback from carbon registries as the key reasons for pulling the plug.
๐ธ Despite the setback, Flowcarbon is still active in the climate space, aiming to make a difference in the carbon markets. ๐๐ก
With $70 million raised in Series A funding, including $38 million from token sales, the GNT token was designed to make carbon credits more accessible and bring transparency to the climate industry.
What do you think? Is this just a bump in the road or a sign of bigger challenges ahead? ๐ญ
