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On August 17, Faraday Future made a formal announcement, unveiling its innovative 'EAI+Crypto' Dual Flywheel & Dual Bridge Ecosystem Strategy. This strategy is designed to cultivate an application ecosystem that seamlessly integrates EAI mobility, Web3, blockchain technology, and crypto assets through the on-chain integration of EAI electric vehicle (EV) assets. Concurrently, the company introduced the C10 Index, marking the first market crypto asset basket index initiated by a U.S.-listed company that excludes stablecoins. Leveraging this index, Faraday Future also launched the C10 Treasury product. The initial phase of this strategic endeavor aims to acquire crypto assets worth between $500 million and $1 billion upon securing the requisite funds, with an initial allocation of $30 million already in place.
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