Adam Neumann's Flowcarbon Issues Refunds After Failing to Launch Crypto Token

The climate tech startup, backed by Andreessen Horowitz, has struggled to realize its mission of merging carbon credits with blockchain technology.

Flowcarbon, co-founded by former WeWork CEO Adam Neumann, has been quietly refunding investors after failing to launch its 'Goddess Nature Token.'
The startup raised $70 million in funding from major investors like Andreessen Horowitz but never managed to bring its carbon credit-backed token to market.
Refunds have been issued to buyers over the last month, with Flowcarbon citing market conditions and resistance from carbon registries as reasons for the delay.
As part of the refund process, investors were required to sign confidentiality agreements and waivers of claims against the company.
Flowcarbon has faced numerous challenges, including skepticism from carbon registries and a significant drop in the value of carbon credits.