A look at Adam Neumann's Flowcarbon startup and its Goddess Nature Token, focused on tokenizing carbon offsetting, and what it says about Web3 more broadly
Falling prices for cryptocurrencies test the logic of the ‘tokenomics’ behind Web3 startups, but true believers think the real problem is existing securities regulations Tweets: @mims , @drorpoleg , @brizzyc , @mims , @ruskin147 , @mims , @wallstcynic , and @akshatrathi Tweets: Christopher Mims / @mims : @GiladEdelman But what I wrote about is way different. It's the mostly-but-hardly-exclusively- Andreessen Horowitz-led effort to inflate Web3 into a gigantic multi-billion-dollar Kaiju in which it is literally the future of everything on the internet everywhere forever. 4/ https://twitter.com/... Dror Poleg / @drorpoleg : “Poleg says giving away tokens can be seen as just another strategy to gain market share early—the Web3 equivalent of initially offering goods and services at loss-leader prices the way Web 2.0 companies like Amazon, Uber and Lyft have done.” https://www.wsj.com/... Carrie Brown / @brizzyc : I truly cannot believe that they are still giving the WeWork dude money. He raised $70 million? ffs https://www.wsj.com/... @mims : @GiladEdelman The reason the former head of WeWork can co-found a Web3 company and get investment from some of the biggest names in VC is that a) fixing carbon markets is actually a good idea and b) adding “blockchain” to any biz model is an instant multiple on valuation / investment 5/ Rory Cellan-Jones / @ruskin147 : “Adam Neumann's ‘Goddess Nature Token’ Is the Future of Crypto—for Better or Worse. ” What a surprise - the unhinged founder of WeWork has a crypto scheme and @a16z is backing it https://www.wsj.com/... Christopher Mims / @mims : So, I went deep on Adam Neumann's new venture, Web3, the “Goddess Nature Token” and what it all means for the future of the internet writ large. “In the future, every company is a Ponzi scheme for 15 minutes,” one wag told me. Thread. 1/ https://www.wsj.com/... Diogenes / @wallstcynic : Adam Neumann's ‘Goddess Nature Token’ Is the Future of Crypto—for Better or Worse - | I can't wait for the Skilling MTM Token! https://www.wsj.com/... Akshat Rathi / @akshatrathi : This is fun. @mims was able to throw shade on Adam Neumann's new carbon offset x crypto venture without once raising the issue of the integrity of offsets that most of these ventures trade. https://www.wsj.com/...