As Forbes reports today, it may surprise few, but former WeWork CEO Adam Neumann's climate/cryptocurrency/carbon credit startup Flowcarbon appears to be in the process of dying.
Purchasers of the “Goddess Nature Token,” proposed as a first step toward putting carbon credits on the blockchain, were reportedly told last month that they could receive a refund in exchange for signing a confidentiality agreement and waiving any claims against Flowcarbon. The company told Forbes that this was “well known” and attributed the delay to conditions in the carbon credit market.
It’s unclear what, if anything, the company has accomplished since its founding in 2022, and it’s also unclear whether big investors like Neumann stalwart a16z will get their money back. (Flowcarbon is different from Neumann’s other a16z-backed company, Flow.)
