Flowcarbon’s website says GNT is 1:1 backed as “each GNT token is backed by 1 carbon credit from a carbon removal or reduction project.”
is a project Neumann co-founded with his spouse Rebekah, Dana Gibber, Ilan Stern, and Carolina Klatt.
Flowcarbon is all about fixing the global climate crisis and calls itself a “pioneering climate technology company working to build market infrastructure in the voluntary carbon market .” It aims to tokenize the carbon credit industry and the companyin venture capital and from the private sale of its carbon-backed token. The company announcement notes that Flowcarbon’s financing was led by Andreessen Horowitz’s subsidiary A16z crypto unit.
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