Latest news with #Web3-native
Business Wire
7 days ago
- Business
- Business Wire
Faraday Future Partners with HabitTrade to Accelerate its Entry into the Web3 Financial Ecosystem
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today announced its strategic collaboration with HabitTrade, a global multi-market brokerage and digital asset infrastructure platform. This collaboration marks Faraday Future's first step into the Web3 financial ecosystem, and is supported by RWA Group ( a digital finance advisory firm. As Faraday Future expands its vision beyond mobility into the next frontier of finance, the partnership with HabitTrade aims to unlock new possibilities in Web3 capital markets—including stablecoin-based investment, native digital asset flows, and broader participation from decentralized communities. This collaboration is also a key part of Faraday Future's ongoing commitment to technological and capital infrastructure innovation. Notably, Faraday Future plans to leverage this partnership to offer exclusive HabitTrade platform benefits to its shareholders, further enhancing shareholder value through innovative Web3 financial services. 'This partnership with HabitTrade is a key milestone in our efforts to connect Faraday Future with the Web3 financial world,' said Jerry Wang, Global President of Faraday Future. 'As we continue to redefine intelligent mobility, we are also exploring how decentralized infrastructure and digital asset participation can bring greater value to our stakeholders and communities.' 'We are honored to partner with Faraday Future in building its entry into the Web3 finance space,' said Daniel, Founder of HabitTrade. 'This collaboration is more than a cross-industry initiative — it reflects a shared belief in financial accessibility, technological innovation, and the long-term potential of decentralized capital markets. As a platform that bridges traditional and crypto finance, HabitTrade will provide the infrastructure and global liquidity support needed to help forward-looking enterprises like Faraday Future embrace the next evolution of finance.' Tony Fu, Founder of RWA Group, added: 'As a Nasdaq-listed EV company, Faraday Future is not only leading innovation in intelligent mobility but also actively shaping the path from Web2 to Web3. We're pleased to support this initiative and believe more listed companies will follow suit in embracing Web3-native tools such as tokenized assets, digital issuance, and cross-border financial connectivity.' This collaboration underscores a growing convergence between traditional industry leaders and next-generation financial platforms, as more enterprises begin to leverage Web3 capabilities to unlock new value. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF 91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit ABOUT HABITTRADE HabitTrade is a global multi-market brokerage and infrastructure platform that enables stablecoin-based access to a wide range of financial products—including U.S. and Hong Kong stocks, ETFs, and crypto assets. In addition to serving individual investors, HabitTrade provides institutional services such as API connectivity and market entry solutions for IPOs, tokenization projects, and more—helping bridge the gap between traditional and Web3 capital markets. ABOUT RWA GROUP ( Based in Hong Kong Science Park, RWA Group (formerly NFT China) specializes in digital finance advisory and infrastructure services. With a team experienced in blockchain, capital markets, and asset tokenization, RWA Group supports traditional enterprises in exploring Web3 innovations such as digital issuance, compliance frameworks, and real-world asset integration. This press release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'plan to,' 'can,' 'will,' 'should,' 'future,' 'potential,' and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to secure necessary agreements to license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company's ability to secure regulatory approvals for the proposed Super One front grill; the potential impact of tariff policy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its 'at-the-market' program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC. This announcement is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any financial instruments.
International Business Times
21-07-2025
- Entertainment
- International Business Times
Asia's First Fully On-Chain Ticketed Music Festival Arrives as RaveDAO and PLVR Power Fabrik Asia's "Somewhere Out There"
Grammy-nominated musician Bonobo headlines Singapore's "Somewhere Out There" music festival, where every ticket is a 100% authentic, tradable digital collectible. Powered by RaveDAO and PLVR, the festival fuses international music, immersive art, and Web3 innovation at Fort Canning Park on August 16. A new chapter in live entertainment launches in Singapore this summer as Somewhere Out There (SOT) becomes the first music festival in Asia to offer fully on-chain, 100% authentic digital tickets. This milestone comes to life through a partnership between RaveDAO, a Web3-native global community dedicated to music, art, and social impact; PLVR, the next-generation ticketing platform that empowers organizers, artists, and fans with full data transparency and control; and Fabrik Asia, a multi-award-winning experiential events agency. Headlining the SOT main stage is Grammy-nominated artist Bonobo, performing in Singapore for the first time since 2018. Alongside Bonobo, the festival features a vibrant mix of global and local talent. The Evermore Main Stage promises a world-class audio-visual experience. The Roots Stage showcases the finest of Singapore's collectives, including Last Saturdays, Ice Cream Sundays, Groovetop, Blackout, and Soul Collective, offering audiences a deep dive into the city's creative energy. Festival-goers can also take a break at the Canopy Stage, a dedicated space for art, wellness, and creative exploration co-curated with Wild Pearl. Interactive art installations around the "Evermore Tree" will showcase works by visual artists, including Erikartoon, Tasha & Alysha, glitter artist Polina Korobova, and fashion designer Putri Adif. A carefully curated food village will feature Singapore's creative culinary scene, adding flavor to the festival's multi-sensory experience A New Standard for Festival Tickets in Asia Every SOT ticket is created on-chain with PLVR's platform. Each ticket is securely authenticated and can be kept as a unique memento of the live experience. While fans can save or collect their tickets as proof of participation, the on-chain format also opens doors to potential future perks, rewards, or exclusive access as the ecosystem evolves. By making ticketing more transparent and secure, PLVR helps organizers and artists better understand their audiences while ensuring every fan enjoys a seamless, trustworthy way to be part of the celebration. Connecting Communities, Inspiring Change At Somewhere Out There, RaveDAO will work alongside regional collectives to help shape a locally rooted, immersive festival experience for Singapore. The SOT collaboration aligns with RaveDAO's vision to build a "local chapter" model, a global initiative connecting music lovers of all backgrounds on the same dancefloor, wherever they are, united by the belief that good vibes can drive positive change. This vision is already taking shape, fueled by RaveDAO's recent global milestones, including a sold-out 3,000-pax night at Tomorrowland's Terra Solis desert resort in Dubai during Token2049. That anniversary celebration spotlighted an all-female techno roster, with DJ Nifra later calling it "nothing but good vibes, great energy, and insane stage design." With each event, the movement grows stronger, building bridges between cultures and proving that the dancefloor can be a force for unity and positive impact. "Somewhere Out There is the perfect launchpad for our Singapore chapter," said Ron Yung, Operation Lead of RaveDAO. "Our role is to amplify the region's own collectives, linking their creativity with our global community so anyone, from any background, can share the same dancefloor and energy." This momentum builds toward RaveDAO's headline event, ENL1GHT, on October 3 at Pasir Panjang Power Station during Token2049 and Formula 1 Singapore. ENL1GHT invites thousands into an iconic space that once powered the city. The venue's walls hold the story of Singapore's rise from darkness to brilliance. Built from necessity and scarred by history, every circuit and echo is a reminder that when people come together, something bigger happens. Seamless Entry Powered by PLVR & Fabrik All tickets for SOT are available exclusively through PLVR. With early-bird allocations already sold out, General Admission tickets are now available at SGD 128 and are selling fast. Each ticket includes a complimentary Heineken Silver. "By teaming up with the award-winning experiential event agency at Fabrik, we're rolling out features that let them, and every future PLVR partner, stay laser-focused on creating one-of-a-kind experiences, while our platform quietly handles the heavy lifting behind the scenes. Under their guidance, we're developing solutions that set a new standard for seamless, data-rich event operations," said Marco Zhu, Growth Lead at PLVR. "We're incredibly excited to be the first to introduce PLVR as our exclusive ticketing partners for Somewhere Out There. As a first-of-its-kind use of PLVR in Singapore, this marks a bold step forward in how we connect with our audiences. Blending culture and technology in a way that's uniquely Fabrik." — Bernhard Schwarz & Syahirah Din Kriukow, Co-Founder, Fabrik Asia Looking Ahead: RaveDAO Singapore: ENL1GHT powered by DCS and its next-gen DeCard Following Somewhere Out There, RaveDAO will bring its next flagship experience to Singapore with ENL1GHT, presented in partnership with title sponsor Decard by DCS, at Pasir Panjang Power Station on October 3. Timed with the excitement of F1 and Token2049, ENL1GHT expects to gather 3,500+ music lovers for a night featuring a top 10 global headliner, special international guests, unexpected collaborations, and immersive light artistry in one of the city's most storied venues. DeCard users enjoy exclusive early ticket access to RaveDAO, up to 50% off early bird tickets, fast-lane entry, and more. More than a festival, ENL1GHT continues RaveDAO's "Rave for Light" initiative, channeling event proceeds toward global causes centered on well-being, healing, and human potential. In Nepal, RaveDAO has partnered with Dr. Sanduk Ruit and the Tilganga Eye Centre to help fund over 400 life-changing cataract surgeries for remote communities. In Seattle, RaveDAO's support for Nalanda West brings mindfulness training and Buddhist teachings to over 150 people each year, helping cultivate mental clarity and emotional resilience. By aligning entertainment with impact, RaveDAO ensures every ticket sold fuels not just a night of music but a ripple of global healing. This is nightlife with roots, grounded in something deeper than the drop. Fans can join the waitlist for ENL1GHT via (opening July 23).
Business Insider
16-07-2025
- Business
- Business Insider
The Sandbox Launches Largest LAND Sale to Date on GBM Auctions
Over 110 LANDs and 220 avatars go live in the metaverse's most IP-rich auction to date, all powered by GBM's Win-Win protocol. The Sandbox, the leading social gaming metaverse, is partnering exclusively once again, with GBM Auctions to launch its largest set of auctions for LAND to date. The drop includes 110 LANDs (including 4 Estates exclusive to this sale) and 220 branded avatars across 22 IPs, all distributed via GBM Auctions' Win-Win auction protocol. In a first for The Sandbox, auctions will precede its own platform sale, highlighting a shift in how LAND is brought to market and underscoring GBM's role as the auction layer for Web3-native asset distribution. A Fairer and More Transparent Way to Buy LAND Traditional NFT sales often reward speed or capital, using first-come-first-serve mechanics or gas wars. GBM's Win-Win model changes the experience by rewarding every participant rather than just the final buyer. With GBM's Win-Win auction model, even outbid participants are rewarded. Every bid: Is fully refunded if outbid Comes with an incentive reward based on auction mechanics Contributes to true, onchain price discovery The Win-Win model flips the typical auction dynamic on its head. Instead of punishing latecomers or smaller bidders, it turns participation itself into a value-generating act, transforming auctions from winner-takes-all battles into high-engagement, trustless events where every bid matters and every bidder benefits. 'We're thrilled to bring this expanded LAND auction to our community for the Training Grounds LAND sale through GBM. Their Win-Win Auction model offers a new, gamified way for people to enter the ecosystem and build the metaverse with us. ' - Cédric Neumann, The Sandbox NFT Sales Director 'This is the biggest LAND and avatar sale we've hosted with The Sandbox, and a blueprint for how branded assets should be distributed in the open metaverse.' - Hugo McDonaugh, Co-Founder & CEO, GBM What's in the Drop The auction will feature 80 regular LANDs, 26 premium LANDs, and four estates, including three 3x3 plots and one 6x6 estate; the estates are exclusively available through GBM and not sold on The Sandbox's platform. In addition to the LAND, this drop includes 220 avatars from 22 different brands, with 10 avatars per brand available via auction. Participating IPs include well-known names like Cirque du Soleil, with more to be revealed during the campaign. Timeline and Activation The Sandbox and GBM kicked off proceedings by co-host a live X Space on 14 July, featuring NFT Sales Director Cédric Neumann, Stream Product Owner PandaPops, and GBM Co-Founder Hugo McDonaugh, who discussed the drop and how the Win-Win auction model works. Users can check out the recording of the Spaces here. The X Space was followed by The Sandbox's blog post and email campaign to its whole community base. The auctions officially went live on 15 July at 2:00 PM UTC and is running for seven days, closing on 22 July. All auctions are primary listings only; assets aren't available through open marketplaces or secondary resale during this campaign. Why This Drop Matters This is the first time The Sandbox is leading with auctions before launching the public sale on its own platform, a shift from its typical sales sequence. Estates included in this drop are also exclusively available via GBM, making them inaccessible through any other marketplace or channel. With avatars and LANDs from more than 20 brands, this is one of the most multi-dimensional and IP-rich activations to date. Powered by GBM's protocol-native incentive system, the drop ensures every bidder receives value, not just the final winner. How to Join the Auction To view and participate in the auctions, once live, users can visit: All auctions will use GBM's Win-Win model, ensuring every bid counts, and every participant receives value, even if they're outbid. About GBM Auctions GBM is the auction protocol redefining how value is distributed onchain. At the heart of GBM is its innovative Win-Win auction model, which rewards every participant, not just the winner. This sets a new standard for price discovery and value alignment across Web3. GBM has powered over $200M in volume and distributed more than $6M in rewards to date. About The Sandbox The Sandbox, a subsidiary of Animoca Brands, is an immersive metaverse platform in which users play, create, and monetize unique experiences alongside their favorite brands, IPs, and celebrities across gaming, entertainment, music, art, and more. The Sandbox leverages web3 technologies to fully enable end-user creation and creator economies, disrupting existing platforms by providing both players and creators with true ownership of their assets, creations, and rewards as non-fungible tokens (NFTs). Over 400 partners have joined The Sandbox, including Warner Music Group, Gucci, Ubisoft, Paris Hilton, The Walking Dead, Snoop Dogg, Attack on Titan, Lacoste, Steve Aoki, The Smurfs, and many more. For more information, users can visit and follow the regular updates on Twitter, Medium, and Discord. Disclaimer - The GBM token is a utility token for participation in the GBM ecosystem. It is not an investment, security, or financial product. Participation in the GBM IDO does not guarantee profits or returns.
Business Insider
09-07-2025
- Business
- Business Insider
PUM Exchange Reports Sustained Growth in Spot and Derivatives Trading
Amid a resurgent digital asset market and increasing appetite for agile trading platforms, PUM Exchange reports a sustained surge in trading activity across both spot and derivatives markets, reflecting rising user engagement and confidence in next-generation crypto infrastructure. The upward trend underscores broader shifts in user behavior, as traders increasingly favor platforms that offer performance, transparency, and cross-chain capabilities over legacy exchange models. Accelerated Growth Driven by Infrastructure and User-Centric Design Over the past several months, PUM has experienced consistent double-digit month-over-month trading volume increases, fueled by strong retail participation, institutional testing, and geographic expansion into underserved markets. 'We're seeing a steady migration of liquidity from slower, fragmented platforms to exchanges that prioritize execution speed and asset diversity,' said Allen Oliverr, Founder at PUM. 'This momentum isn't accidental — it's the result of sustained product focus and operational discipline.' Key contributing factors to this trend include: A proprietary high-speed matching engine capable of executing hundreds of thousands of orders per second with sub-millisecond latency A simplified onboarding and KYC flow optimized for high-conversion markets in Asia, South America, and Eastern Europe Enhanced mobile experience that now accounts for a majority of daily trading sessions Strategic integrations with payment gateways, wallets, and multi-chain asset bridges Security, Liquidity, and Layered Growth PUM attributes its trading volume growth not only to market cycles but to its long-term architectural choices. The platform employs a security-first framework combining real-time risk controls, multi-signature wallet management, and ongoing third-party audits — a foundation that has enabled it to support higher throughput without compromising user trust. Additionally, its internal liquidity programs and incentivized maker models have contributed to improved order book depth, reduced slippage, and tighter spreads across key pairs. Laying the Groundwork for the Next Growth Phase Looking ahead, PUM is preparing to expand its product stack with upcoming launches in the areas of: Structured derivatives and options On-chain reputation scoring and social trading tools Institutional clearing APIs and dedicated enterprise support Expansion into regulated markets in the Middle East and Southeast Asia These initiatives are part of the company's broader push toward building a Web3-native trading layer that connects traditional trading logic with decentralized asset flows. About PUM Exchange PUM Exchange is a global digital asset platform focused on innovation, transparency, and user empowerment. With products spanning spot trading, derivatives, fiat integration, and community governance, PUM is building the future of digital finance.
Business Upturn
07-07-2025
- Business
- Business Upturn
Lightchain AI Announces Final Presale Round After Securing $21 Million in Early Support
By GlobeNewswire Published on July 7, 2025, 01:04 IST SHREWSBURY, United Kingdom, July 06, 2025 (GLOBE NEWSWIRE) — Lightchain AI , a next-generation Layer 1 blockchain platform purpose-built for decentralized artificial intelligence, has officially launched its Bonus Round after completing all 15 presale stages and raising more than $21 million in early contributions. This new phase offers fixed pricing at $0.007125 and is the final opportunity for supporters to gain early access ahead of the project's mainnet launch, scheduled for July 2025. The successful conclusion of the presale demonstrates strong market interest and community confidence in Lightchain AI's long-term vision. Central to this vision is the integration of artificial intelligence into blockchain infrastructure through the Artificial Intelligence Virtual Machine (AIVM) and the project's proprietary Proof-of-Intelligence consensus mechanism. These innovations are designed to enable secure, low-latency AI execution within a fully decentralized ecosystem. 'With over $21 million raised and widespread developer engagement, Lightchain AI is entering a critical growth phase that positions it for real-world adoption and scalable use,' said a spokesperson from the Lightchain team. The Bonus Round is backed by several ecosystem advancements already underway. Public GitHub repositories will be available at mainnet launch, providing transparency and encouraging open-source development. Additionally, the platform has introduced a $150,000 grant pool to support builders and innovators contributing to Lightchain's evolving ecosystem. Key presale design elements—such as the complete reallocation of the original 5% Team Allocation to developer grants and protocol incentives—underscore the platform's community-first approach. Combined with transparent governance, active validator onboarding, and developer tools like APIs and SDKs, Lightchain AI is actively cultivating a sustainable, growth-oriented network. This phase also introduces Lightchain's Meme Launchpad, a creative toolkit designed to help developers and content creators build and deploy Web3-native applications in an AI-enhanced environment. The platform's architecture features dynamic gas optimization and horizontal sharding to enable performance at scale, particularly for computation-heavy workloads. Looking ahead, the Lightchain AI team is focused on expanding DeFi integrations and onboarding decentralized validator and contributor nodes in preparation for mainnet activation. These steps align with the project's broader mission: to accelerate decentralized AI adoption while maintaining network transparency, security, and community ownership. Interested participants can join the Bonus Round and access Lightchain AI resources via the official website and community channels. Learn more: Telegram Contact:SHAJAN SKARIA [email protected] Disclaimer : This content is provided by Lightchain AI. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. 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