WeWorkre-emerged nearly 3 years after he was sacked as CEO. Adam Neumann, this time he took the breath in the crypto money sector.
Emerging at a recent conference, Neumann is a “climate” focused technology firm. Flowcarbonannounced it.
Carbon Emission Token Coming
The project aims to place carbon emission credits on the blockchain network, thereby actually achieving climate correction.
Israeli-American The businessman and investor became famous for founding the co-working space provider WeWork.
Although the startup, which was founded in 2010, achieved a serious growth in a short time, everything fell apart at the time of its public offering.
WeWork’s bad business model emerged at that time, and when the company was worth $47 billion in August 2019, bankruptcy talks began just 6 weeks later. Neumann subsequently resigned from his position as CEO.
Adam and his wife, Rebekah Neumann, are co-founders of Flowcarbon. CEO Dana Gibber and COO Caroline Klatt are also on the staff. Flowcarbon has raised $32 million in funding, and funders include big companies like a16z and Marc Andreessen.
In addition, Flowcarbon’s “carbon emission supported” token Goddess Nature Token (NGT) also secured $38 million in funding.
This project seems to have received reaction from some investors and appreciation from others.
We highlighted @weareflowcarbon in last week’s State of Crypto report as a prime example of web3 companies making a positive impact.
Flowcarbon’s marketplace is funding projects that reduce or remove carbon from the atmosphere.https://t.co/yntqLkCUdp
— cdixon.eth (@cdixon) May 24, 2022
While environmental concerns about Bitcoin are increasing, this crypto money may change the situation.