Flowcarbon

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<https://redd-monitor.org/2022/05/31/flowcarbon-is-a-scam-says-cory-doctorow-about-wework-co-founder-adam-neumanns-new-carbon-offset-and-blockchain-company/>

"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>

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]

Sources

  1. ↑ https://twitter.com/doctorow/status/1530227007342133248?lang=en
  2. ↑ https://www.flowcarbon.com/knowcarbon/flowcarbon-raises-70m-to-tokenize-carbon-credits-and-build-an-on-chain-market
  3. ↑ https://www.flowcarbon.com/knowcarbon/flowcarbon-raises-70m-to-tokenize-carbon-credits-and-build-an-on-chain-market
  4. ↑ https://carbonherald.com/gold-standard-set-to-issue-tokenized-carbon-credits-in-may/
  5. ↑ https://www.flowcarbon.com/knowcarbon/flowcarbon-selected-by-gold-standard
  6. ↑ https://www3.weforum.org/docs/Recommendations_for_the_Digital_Voluntary_and_Regulated_Carbon_Markets.pdf
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