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.
Security tokens are being hailed as the sober use-case for blockchain technology, whether or not this be true, what is conclusive is that the number of security token offerings are picking up pace this past […]
We have recently reported on the world’s first STO in supply chain, by edeXa. This news piece attracted so many readers, that we decided to follow up. Today our Chief Editor talks to Tim Stockschläger, […]
This problem will arise in the near future. When several autonomous cars with human passangers come to a cross, who goes first? Blockchain as a solution to achieve consensys for decentralised nodes will be employed […]