The Blockchain Startup Of The Former Head Of Wework Has Postponed The Launch Of Its Own Token

The Blockchain Startup Of The Former Head Of Wework Has Postponed The Launch Of Its Own Token

The Blockchain Startup Of The Former Head Of Wework Has Postponed The Launch Of Its Own Token

Former WeWork CEO Adam Neumann’s blockchain startup Flowcarbon has delayed product launches due to unfavourable market conditions. The co-founder and CEO of the company Dana Gibber told the Wall Street Journal about this.

Flowcarbon is focused on building a carbon credit market based on distributed ledger technology. Most of these instruments are sold through brokers or issuers themselves. According to many critics, this process is complex and opaque.  

“As someone who has previously purchased loans from brokers, it is much, much easier to buy and burn tokens,” said billionaire Mark Cuban in a conversation with WSJ. 

A startup is developing a platform that allows you to burn Goddess Nature Token (GNT) to offset CO2 emissions.

The launch of GNT was scheduled for the end of June 2022. However, it has now been postponed indefinitely. According to Gibber, the company ” waited until the markets stabilized.”  

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