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

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

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

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

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 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

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025
Most Popular

Bitfinex Proudly Celebrates 11 Years of Innovation and Leadership in Bitcoin

December 13, 2023

Beam (BEAM) Investors Show Interest in New 100x AI Trading Token

February 14, 2024

Justin Sun Denies Longing Bitcoin $69,000 Amid BTC Price Crash

July 12, 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.