Once upon a time, in a land of electric cars and digital dreams, there lived a company called Faraday Future. 🚗⚡ They decided to mix their AI-powered mobility platform with Web3 and cryptocurrency, like a chef adding a dash of magic to a soufflé. 🥞✨
Their plan? To reshape both the auto industry and digital finance, because why not? 🤷♂️💰
Faraday Bridges AI and Crypto 🧩
At a whimsical event in Pebble Beach on August 16, Faraday unveiled their “EAI + Crypto” Dual-Flywheel and Dual-Bridge strategy. It’s like a magical portal connecting real-world business with blockchain, because who doesn’t want a bit of wizardry in their car? 🧙♂️
This makes Faraday one of the first U.S.-listed companies to dance with blockchain, which is as rare as a purple elephant. 🦒
EAI Vehicle Chain to Tokenize Sales 🎯
The EAI Vehicle Chain will let you buy cars with crypto, pay deposits in digital gold, and engage with Web3 like it’s a secret society. 🕵️♀️💎
The goal? A more open and decentralized mobility economy. Or, as I call it, “the future, but with more confusion.” 😅
Today, Faraday Future launched the first-ever US-listed company #C10 Treasury plan and introduced the #C10 Index.
Phase 1: $500M-$1B allocation, with the first $30M expected to start next week – long-term vision: $10B scale.
This marks the start of our “EAI + Crypto”…– Faraday Future (@FaradayFuture) August 17, 2025
C10 Index and Treasury Program Target Billions 💰
Faraday also launched the C10 Index, tracking the world’s top 10 cryptocurrencies (excluding stablecoins) in real time. It’s like a treasure map for crypto enthusiasts. 🗺️🧭
The C10 Treasury aims to invest $500 million-$1 billion in crypto, with an 80/20 strategy. “We’ll make money, or at least try!” 🎰
“The next decade could be a super long bull cycle for the crypto market,” said Ian Calderon, who sounds like a wizard with a spreadsheet. 📊🧙♂️
Faraday Faces Setbacks 🧨
Despite their grand plans, Faraday Future has faced delays, regulatory hurdles, and a $48.1M net loss. It’s like a magician who forgot the trick and got caught red-handed! 🪄✨
Its shares are trading at $2.58, down 7% over the past day. “A minor setback,” they say. “Just a blip!” 📉
Faraday’s move is part of a bigger trend where companies are jumping into Web3 and crypto as a way to diversify or grab attention. Or, as I call it, “the new fashion, but with more confusion.” 😅
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2025-08-19 14:22