The founder of WeWork attracts $70 Milln for new crypto startup – Bits Media

The new cryptocurrency startup FlowCarbon is designed for, to transfer the voluntary market of carbon units to blockchain.

The founder and former Director of the American Commercial Real Estate Commercial Real Estate Adam Neumann (Adam Neumann) I launched a cryptocurrency startup. His company FlowCarbon will try to transfer the voluntary market for carbon units to blockchain. Now the company has closed the round to attract venture capital on $32 million, The main participant was Andreessen Horowitz (A16Z), and also attracted additional $38 MLN Cerez Sale tokens Goddess Nature token (GNT).

The voluntary American carbon market provides companies with a tool to compensate for their carbon emissions through the purchase of carbon loans. Many companies, which yet cannot reduce their carbon trace, Get points, to compensate for the harm to the environment. Most buy loans on a voluntary basis.

“There is a powerful economic trend, which contributes to the destruction and degradation of important natural landscapes around the world, but the voluntary market of carbon units is a brilliant financial mechanism, which creates a balancing incentive to restore forests, revival and protection of nature ", - assures the General Director of FlowCarbon Dana Gibber (Dana Gibber).

FlowCarbon is claimed, that their GNT token is supported by a package of certified loans to compensate for carbon emissions, issued by environmental authorities over the past five years. The company claims, that the token can be sold, use for borrowing and lending or exchange for the basic real loan. When is the token launched, He will work on the CELO blockchain.

Earlier, the developers of the second -level solution for the Ethereum network Polygon allocated $ 20 million to minimize the negative impact of carbon dioxide emissions on the environment.