WeWait: Adam Neumann’s Flowcarbon Ebbs

Flowcarbon, a mission so as to add a voluntary carbon market to the blockchain, has determined to “wait for the market to stabilize” quite than transfer ahead within the frigid winter of cryptocurrencies. The Wall Street Journal..

Venture from Adam Neumann, Equivalent to $ 2 billion other than Maneuver WeWork from a cliff, Raise $ 70 Million From a gaggle of traders in May Including a16z..

Of that complete, $ 38 million got here from a non-public pre-sale of the Flowcarbon Goddess Nature Token (GNT), backed by a bundle of licensed carbon offset credit. Token launches scheduled for the top of June have been shelved indefinitely, co-founder Dana Giver instructed the journal.

Carbon credit score market, According to a 2021 report from McKinseyCould be price $ 50 billion by 2030.

Since November, the market capitalization of all cryptocurrencies has fallen About two-thirdsForce many corporations Dismiss staff (though some are nonetheless employed) Also Face chapter or Bailout..

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