In a growth that may shock virtually nobody, Forbes journal reported immediately that Flowcarbon, the local weather, cryptocurrency, and carbon credit score startup from former WeWork CEO Adam Neumann, seems to be headed for demise.

Purchasers of the “Goddess Nature Token,” marketed as a primary step in placing carbon credit on the blockchain, had been reportedly contacted final month about receiving their refunds, supplied they signed non-disclosure agreements and waived any claims towards FlowCarbon. The corporate instructed Forbes that this was “well-known,” blaming the state of the carbon credit score marketplace for the delay within the rollout.

It's unclear what the corporate will accomplish since its 2022 founding, or whether or not massive traders like a16z, a staunch supporter of Neumann's, may also get a return. (Flowcarbon is a separate firm from Movement, Neumann's different a16z-backed firm.)