WeWork founder Adam Neumann’s crypto venture Flowcarbon has delayed the launch of its native token Goddess Nature Token, citing market conditions.
Flowcarbon is a startup that combines cryptocurrencies with carbon credits to create tokens that can be burned when an owner wants to offset emissions. WeWork founder Adam Neumann's crypto venture Flowcarbon has delayed the launch of its products along with slowing operations due to market conditions.co-founder Dana Gibber said that the company has decided to wait for markets to stabilize before launching products. Recent market turbulence has seen bitcoin drop below $20,000 from a high of more than $60,000 in November.
Flowcarbon is a startup that combines cryptocurrencies with carbon credits to create tokens that can be burned when an owner wants to offset emissions. This token is called the Goddess Nature Token . The launch of this token had been expected by end of June, but that has now been put off indefinitely.
“We invest with a long-term view and remain very confident about the market,” said a16z partner Arianna Simpson, who handled an investment in Flowcarbon.through both a token sale and a traditional equity round led by a16z. General Catalyst, who also participated in the round, declined to comment to the Wall Street Journal.delayed the listing© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only.
Great, another honest type. Just what crypto needs...
Dammit! I only read the first paragraph to learn which crypto I need to avoid, but that actually sounds like kindofa good idea. Scammy, of course, but I can see it catching on with corporate types.
New Ponzi? 🤣
Question - does delaying increase, or decrease his carbon footprint? 🙃
Good
The ponzi schemer is back.
What could go wrong…
Nothing screams “ponzi” more than an Adam Neumann crypto token😳