Former WeWork CEO Adam Neumann's New Real Estate Company Is Planning A Digital Wallet That Stores Crypto

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“Forbes has learned that the company, Flow, intends to launch a digital wallet that can store crypto.” Story by DavidJeans2

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.

 

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