Faraday Future, the electric car startup aiming to challenge Tesla, may secure a$900 million funding packagefrom EVAIO Blockchain, releasing the company from exacerbating cash pressure.
The funding will be invested over three years via indirect STO (security token offering), according to Patrick De Potter, CEO of EVAIO Blockchain. “FF and EVIAO will now start up the discussion for details of the plan,” he noted.
EVAIO said they were aiming to build a blockchain for electric vehicles and successfully completed EVA token private sale earlier this year. Most of the team members of EVAIO are ex-Tesla managers combined with specialists in crypto and blockchain.
Uzbekistan has legalized crypto exchanges in September 2018, and the same month created a fund, called the Digital Trust, to invest in blockchain-related startups and research and development. Other than being an investment vehicle for […]
Sprouting from a few stray meetups and small projects, Taiwan’s blockchain ecosystem has grown tremendously in the past few years. The activity in the space can be traced back to as far as 2013 when […]
Well thought and well implemented marketing is essential for any new product, let alone a whole new type of products, such as security tokens and tokenized assets. A marketing agency is hard to choose, this list may help […]