Congo opens oil carbon credit auction to crypto companies

The Democratic Republic of Congo is opening up an auction of oil and gas permits to crypto companies and carbon credit companies, which will sell carbon credits, according to Nasdaq on August 15. Flowcarbon, a blockchain project founded by WeWork founder Adam Neumann and led by A16Z in a $70 million funding round, has expressed interest in bidding and is partnering with environmental group RedemptionDAO to provide carbon credits.