The blockchain carbon credit platform Flowcarbon failed to issue the token GNT and is refunding investors.

ChainCatcher news, the blockchain carbon credit platform Flowcarbon, co-founded by WeWork founder Adam Neumann, is refunding investors after its much-anticipated Goddess Nature Token (GNT) failed to launch.

Some refunds have been issued in recent weeks, after investors, including the tech-focused venture capital firm Andreessen Horowitz, waited over a year without seeing the token launch.

Flowcarbon informed investors that market conditions and resistance from carbon registries were the main reasons for the refunds.

Flowcarbon does not appear to have publicly disclosed its refund situation; a Flowcarbon spokesperson stated, "Since last year, we have been providing refunds to retail GNT purchasers in accordance with standard and customary terms, and we continue to develop Flowcarbon into a leader in the carbon finance space."