🌍 Flowcarbon, co-founded by WeWork's Adam Neumann, is refunding holders of its "Goddess Nature Token" (GNT) after failing to launch. The startup aimed to tokenize carbon credits, raising $70M from investors like Andreessen Horowitz. 💰

Despite the ambitious plan to back tokens 1:1 with carbon credits, market conditions and resistance from carbon registries led to the refund. CEO Dana Gibber cited industry delays and market instability as reasons for the pause.

With the carbon credit market valued at $330B in 2022, the potential for blockchain to bring transparency remains high. What are your thoughts on blockchain's role in carbon offsets? Share below! #Crypto #CarbonCredits