Flowcarbon: Difference between revisions
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"Flowcarbon is a scam that is also a platform for scams - scams that roast the planet and bankrupt desperate retail investors, who naively assume that what's good for [[A16Z]] is good for them." - [[Cory Doctorow]]<ref>https://twitter.com/doctorow/status/1530227007342133248?lang=en</ref> | "Flowcarbon is a scam that is also a platform for scams - scams that roast the planet and bankrupt desperate retail investors, who naively assume that what's good for [[A16Z]] is good for them." - [[Cory Doctorow]]<ref>https://twitter.com/doctorow/status/1530227007342133248?lang=en</ref> | ||
= | = Leadership = | ||
Co-Founders: | Co-Founders: | ||
* Adam Neumann | * [[Adam Neumann]]: Billionaire, infamous for [[WeWork]] | ||
* Rebekah Neumann | * Rebekah Neumann | ||
* Ilan Stern - Head of Neumann’s family office. | * Ilan Stern - Head of Neumann’s family office. | ||
| Line 12: | Line 12: | ||
* COO Caroline Klatt | * COO Caroline Klatt | ||
= Venture Capital = | |||
In May 2022, Flowcarbon announced it had | |||
<blockquote>raised a total of $70M in venture capital funding and sale of its carbon-backed token. The funding round was led by [[a16z]] crypto and also includes General Catalyst, Samsung Next, Invesco Private Capital, 166 2nd, Sam and Ashley Levinson, Kevin Turen, RSE Ventures, and Allegory Labs. Other participants in the token sale include Fifth Wall, Box Group, and the [[Celo Foundation]].<ref>https://www.flowcarbon.com/knowcarbon/flowcarbon-raises-70m-to-tokenize-carbon-credits-and-build-an-on-chain-market</ref></blockquote> | |||
<https://cointelegraph.com/news/wework-founder-reinvents-himself-with-70m-crypto-carbon-credit-platform> | |||
== A16z Lobbying == | |||
<https://www.forbes.com/sites/davidjeans/2022/10/17/andreessen-horowitz-crypto-lobbying-washington/?sh=176c3ca546e7> | |||
= Lite Paper = | = Lite Paper = | ||
<https://assets.website-files.com/625db0bad5cfd681bd654bd8/627598afe47c30c7608e92fc_Flowcarbon%20Lite%20Paper.pdf> | <https://assets.website-files.com/625db0bad5cfd681bd654bd8/627598afe47c30c7608e92fc_Flowcarbon%20Lite%20Paper.pdf> | ||
(mentions: [[Olympus DAO]]) | |||
= Blockchain = | |||
== $GNT == | |||
The "Goddess Nature Token" ($GNT) is Flowcarbon's [[cryptocurrency|tokenized]] carbon credit pool. | |||
== Celo Blockchain == | |||
As part of Flowcarbon's collaboration with the Layer 1 blockchain [[Celo]], it says it will provide $10 million of GNT to offset Celo’s emissions and that Flowcarbon’s GNT token will launch on Celo.<ref>https://www.flowcarbon.com/knowcarbon/flowcarbon-raises-70m-to-tokenize-carbon-credits-and-build-an-on-chain-market</ref> | |||
== HBAR Foundation == | |||
<https://www.flowcarbon.com/knowcarbon/flowcarbon-partners-with-the-hbar-foundation> | |||
= Gold Standard = | |||
Along with [[Toucan Protocol]], [[Thallo]], [[Earthchain]] and [[Bitgreen]], Flowcarbon was one of five [[Web3]] companies selected after actively taking part in the Gold Standard-led Working Group on Digital Assets for Climate Impact, which ran through the latter half of 2022.<ref>https://carbonherald.com/gold-standard-set-to-issue-tokenized-carbon-credits-in-may/</ref> | |||
In its own announcement, FlowCarbon said it would "play a key role in working with Gold Standard to finalize guidelines that will inform tokenization of VER credits issued by Gold Standard."<ref>https://www.flowcarbon.com/knowcarbon/flowcarbon-selected-by-gold-standard</ref> | |||
= World Economic Forum = | |||
Adam Shedletzsky, Flow Carbon's Director of Policy is listed as one of five contributing authors to the [[World Economic Forum]]'s 2023 report: "Recommendations for the Digital Voluntary and Regulated Carbon Markets"<ref>https://www3.weforum.org/docs/Recommendations_for_the_Digital_Voluntary_and_Regulated_Carbon_Markets.pdf</ref> | |||
As a member of the [[Climate Collective]], Flowcarbon is a part of the World Economic Forum's Crypto Sustainability Coalition.<ref>https://climatecollective.org/members</ref> | |||
= Sources = | |||
Latest revision as of 16:56, 19 March 2023
"Flowcarbon is a scam that is also a platform for scams - scams that roast the planet and bankrupt desperate retail investors, who naively assume that what's good for A16Z is good for them." - Cory Doctorow[1]
Leadership
Co-Founders:
- Adam Neumann: Billionaire, infamous for WeWork
- Rebekah Neumann
- Ilan Stern - Head of Neumann’s family office.
- CEO Dana Gibber
- COO Caroline Klatt
Venture Capital
In May 2022, Flowcarbon announced it had
raised a total of $70M in venture capital funding and sale of its carbon-backed token. The funding round was led by a16z crypto and also includes General Catalyst, Samsung Next, Invesco Private Capital, 166 2nd, Sam and Ashley Levinson, Kevin Turen, RSE Ventures, and Allegory Labs. Other participants in the token sale include Fifth Wall, Box Group, and the Celo Foundation.[2]
<https://cointelegraph.com/news/wework-founder-reinvents-himself-with-70m-crypto-carbon-credit-platform>
A16z Lobbying
Lite Paper
<https://assets.website-files.com/625db0bad5cfd681bd654bd8/627598afe47c30c7608e92fc_Flowcarbon%20Lite%20Paper.pdf> (mentions: Olympus DAO)
Blockchain
$GNT
The "Goddess Nature Token" ($GNT) is Flowcarbon's tokenized carbon credit pool.
Celo Blockchain
As part of Flowcarbon's collaboration with the Layer 1 blockchain Celo, it says it will provide $10 million of GNT to offset Celo’s emissions and that Flowcarbon’s GNT token will launch on Celo.[3]
HBAR Foundation
<https://www.flowcarbon.com/knowcarbon/flowcarbon-partners-with-the-hbar-foundation>
Gold Standard
Along with Toucan Protocol, Thallo, Earthchain and Bitgreen, Flowcarbon was one of five Web3 companies selected after actively taking part in the Gold Standard-led Working Group on Digital Assets for Climate Impact, which ran through the latter half of 2022.[4]
In its own announcement, FlowCarbon said it would "play a key role in working with Gold Standard to finalize guidelines that will inform tokenization of VER credits issued by Gold Standard."[5]
World Economic Forum
Adam Shedletzsky, Flow Carbon's Director of Policy is listed as one of five contributing authors to the World Economic Forum's 2023 report: "Recommendations for the Digital Voluntary and Regulated Carbon Markets"[6]
As a member of the Climate Collective, Flowcarbon is a part of the World Economic Forum's Crypto Sustainability Coalition.[7]
Sources
- ↑ https://twitter.com/doctorow/status/1530227007342133248?lang=en
- ↑ https://www.flowcarbon.com/knowcarbon/flowcarbon-raises-70m-to-tokenize-carbon-credits-and-build-an-on-chain-market
- ↑ https://www.flowcarbon.com/knowcarbon/flowcarbon-raises-70m-to-tokenize-carbon-credits-and-build-an-on-chain-market
- ↑ https://carbonherald.com/gold-standard-set-to-issue-tokenized-carbon-credits-in-may/
- ↑ https://www.flowcarbon.com/knowcarbon/flowcarbon-selected-by-gold-standard
- ↑ https://www3.weforum.org/docs/Recommendations_for_the_Digital_Voluntary_and_Regulated_Carbon_Markets.pdf
- ↑ https://climatecollective.org/members