On November 21, Faraday Future (FFAI) made an announcement stating that its holding company listed on Nasdaq, Qualigen Therapeutics Inc., has officially changed its name to AIxCrypto Holdings Inc. (hereinafter referred to as AIxC). Along with the name change, it has adopted a new stock ticker symbol, "AIXC." This move signifies the formal establishment of the dual - listing structure for FFAI and AIxC.

Jia Yueting remarked that AIxC will utilize blockchain technology as its cornerstone and artificial intelligence (AI) as its key driving factor. The aim is to build a globally prominent ecosystem that seamlessly integrates AI, cryptography, and blockchain, acting as a bridge between Web2 and Web3.

AIxC is set to implement a "three - pronged" strategy. Firstly, it will develop a Web3 AI trading terminal. Secondly, it will focus on the development of the Real - World Asset (RWA) and Enterprise AI (EAI) ecosystem. Thirdly, it will engage in AI - powered cryptocurrency asset management.

Among these strategic initiatives, the RWA business will take the lead in the tokenization project for FFAI stocks. The initial plan is to purchase FFAI stocks worth $5 million. This move is intended to assist Faraday Future in securing lower - cost financing in the Web3 space.