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

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

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. Forbes has learned that the company, Flow, intends to launch a digital wallet that can store crypto – among other currencies, including U. S. dollars – in addition to its real estate management software it announced previously. Davidson Goldin, a spokesperson for Flow, said the planned digital wallet cannot be used to make rental payments for Flow-managed apartments using cryptocurrency it may store, but can be used for outside purchases like any other wallet. Goldin confirmed Flow's plans for a wallet after Forbes learned about recruitment efforts for the company this month, where a recruiter was promoting a role at a "ground breaking venture that will be one of the largest implementations of blockchain in the economy, involving a multi faceted approach that will be spearheaded by Adam Neumann (ex-CEO from WeWork)." In a LinkedIn message sent to one potential product manager candidate, a recruiter for the role