PANews reported on August 17th that Faraday Future (founded by Jia Yueting) announced and launched its "EAI + Crypto" dual-flywheel and dual-bridge ecosystem strategy. The company plans to launch EAI EV asset blockchains, creating an EAI travel + Web3 + blockchain technology + crypto asset application ecosystem.

In addition, Faraday Future launched the C10 Index, the first crypto asset basket index (excluding stablecoins) launched by a US-listed company. Faraday Future also released the C10 Treasury, a treasury product based on the C10 Index. The initial phase aims to purchase crypto assets totaling $500 million to $1 billion, once the necessary funding is secured. The initial allocation will be $30 million.