Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Flowcarbon to Refund Investors After Cancelling Token Launch
ADOPTION NEWS

Flowcarbon to Refund Investors After Cancelling Token Launch

By Crypto FlexsSeptember 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Flowcarbon to Refund Investors After Cancelling Token Launch
Share
Facebook Twitter LinkedIn Pinterest Email

Louisa Crawford
September 13, 2024 04:25

Flowcarbon has refunded investors after its planned Goddess Nature token launch failed due to market difficulties and regulatory resistance.





Flowcarbon, a blockchain-based carbon credit platform co-founded by former WeWork CEO Adam Neumann, has started refunding investors following the failure of its anticipated “Goddess Nature Token” (GNT) launch. The decision comes after more than a year of delays due to difficult market conditions and resistance from carbon registries.

The Challenges of Tokenization

Flowcarbon wanted to revolutionize the carbon credit market by tokenizing carbon credits and making them more accessible to a wider range of investors. Each GNT is designed to be backed 1:1 by a carbon credit, representing one tonne of carbon dioxide removed from or prevented from entering the atmosphere. However, the project faced significant obstacles.

In November 2021, Verra, a major carbon registry, warned against tokenizing retired carbon credits due to concerns that this could lead to double-counting of credit value. Verra subsequently banned tokenizing retired credits altogether in May 2022, a move aimed at preventing fraud and ensuring environmental integrity. These regulatory challenges have had a chilling effect on Flowcarbon’s plans, contributing to repeated delays in the launch of GNT.

Market conditions and investor sentiment

The voluntary carbon market, which grew significantly to about $2 billion in 2021, is under scrutiny. An investigation into the quality of carbon credits has revealed that some projects have exaggerated their environmental benefits, thereby reducing the value of carbon credits. Investor frustration has grown as the launch date of the GNT token has been repeatedly delayed throughout 2022.

Flowcarbon initially raised $70 million, including $38 million through a planned token sale from high-profile investors such as Andreessen Horowitz, General Catalyst, and Samsung NEXT. Despite the initial enthusiasm, investor confidence has waned as market volatility persists.

Refund Process Details

In recent weeks, Flowcarbon has quietly begun the process of refunding GNT buyers. A company spokesperson confirmed that refunds are being issued under standard terms due to industry delays. Investors were required to sign a waiver of claims against Flowcarbon and its affiliates, along with a confidentiality agreement regarding the refund process. This approach has raised concerns among some investors, especially given the high-profile nature of the project.

Flowcarbon CEO Dana Gibber said that despite the GNT setback, the company remains committed to its mission of integrating blockchain technology with environmental sustainability. The company continues to explore opportunities within the carbon finance sector, but the specifics of the project are currently unclear.

Flowcarbon’s future outlook

Despite the challenges faced by Flowcarbon, the broader carbon credit market is expected to experience significant growth. Analysts at McKinsey have predicted that demand for carbon credits could increase more than 15-fold by 2030, potentially reaching a market value of more than $50 billion. However, the challenges faced by Flowcarbon highlight the complexity involved in tokenizing carbon credits, with concerns about regulatory uncertainty and market volatility still remaining significant barriers.

As of September 2024, the total market cap of energy and environment tokens is approximately $186 million, with the majority of this market being dominated by Powerledger’s POWR and Energy Web’s EWT tokens.

FlowCarbon’s experience serves as a cautionary tale for other companies exploring the intersection of blockchain technology and environmental finance, highlighting the need to carefully consider regulatory frameworks and market dynamics.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025
Most Popular

UXLINK Season 1 Airdrop Voucher NFT, snapshot released on June 3rd, over 1.41 million unique community addresses generated so far

June 2, 2024

How This Ethereum Scaling Solution Gets 2024 Off to a Good Start

January 8, 2024

XRP Price Rises in a Range: ​Ready for a Breakout?

May 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.