Neumann's Post-WeWork Venture, Flowcarbon, Raises $70M

By Elise Hansen (May 24, 2022, 6:55 PM EDT) -- A carbon credit company co-founded by former WeWork CEO Adam Neumann said Tuesday it raised $70 million to build a blockchain-based marketplace for buying and selling the credits. 

Flowcarbon aims to help match companies with environmentally friendly projects with corporations that want to buy carbon credits to offset their own emissions, according to the announcement. The company's hoped-for marketplace will use digital tokens to represent carbon credits and use blockchain technology to record transactions, the announcement said.

"Through Flowcarbon's protocol, project developers can immediately access a marketplace of buyers interested in their credits by bringing them onto the blockchain," the announcement...

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