FinTech news in Max Novendstern category

Max Novendstern, co-founder and former chief executive of Worldcoin, is working on a new venture, according to sources and regulatory filings and an investor deck obtained by journalist. The goal is a venture model that scales like software—no marginal cost: anyone in the world can raise; anyone can invest; and because Al gets better with scale, the system improves in a flywheel. Rather, the new market entails underwriting all asset classes—debt, equity, and tokens—in all cities and industries simultaneously, as the globalization of software hits the ‘second half of the chessboard.’ The startup is engaging with Tribe Capital, Multicoin Capital, Dragonfly and Variant to raise funds, according to sources familiar with the matter.