Former WeWork CEO Adam Neumann has amassed more than 3,000 multifamily units for his new venture, Flow.When Adam Neumann revealed his new venture to WeWork-ify the residential real estate sector Tuesday, backed by a $350 million investment from Andreessen Horowitz, the announcement was long on hype, and short on details.has learned that the company, Flow, intends to launch a digital wallet that can store crypto – among other currencies, including U.S.
In a LinkedIn message sent to one potential product manager candidate, a recruiter for the role said that “Adam is building a next generation multi-family property management system with a proprietary payment system,” adding that the system “will include a full financial services wallet, a tokenized reward program and crypto payment methods.”the job description was largely false and should not have been distributed.
News of a digital wallet brings into clearer focus Neumann’s ambitions in the residential real estate space with his new venture.
Neumann has previously tested the waters of cryptocurrency, cofounding a startup called Flowcarbon, which recently raised $70 million in a funding round also led by Andreessen Horowitz. The startup intends to, but recently delayed a token sale citing poor cryptocurrency market conditions.