Blockchain carbon credit platform Flowcarbon refunds investors' funds due to failure to issue tokens.

According to Foresight News, WeWork co-founder Adam Neumann's blockchain carbon credit platform Flowcarbon is returning investor funds, with its high-profile Goddess Nature Token (GNT) project having failed. During the refund process, the company officially requires GNT buyers to sign a waiver agreement and adhere to confidentiality terms. Flowcarbon had originally planned to integrate carbon credit quotas with blockchain technology to enable more users to participate in the carbon market. However, the leading carbon registry body Verra has been cautious about such practices since November 2021 and has completely prohibited the tokenization of decommissioned carbon credits since May 2022.