According to reports from VC News on June 3rd, the investment team from Facebook has held multiple meetings with the CarLive Chain team and is planning to purchase CarLive Chain IOV block chain projects.

A source has told bctime’s correspondent that Facebook is accelerating its business in the application of block chain technology. Facebook hopes to purchase 46.78% shares of the IOV block chain project making it the biggest shareholder of the project. The main reason is because Facebook is very positive about CarLive Chain’s automotive consumer community and the application scenario of the block chain technology. The source also said that some investment banks have estimated that the market value for the project is about 800 million US dollars.

Our correspondent has contacted the Singapore-based AUH Foundation, owner of CarLive Chain for more information. Doctor Miller, CMO of the Foundation denied the news, saying that CarLive Chain is not for sale although there have been several global Internet giants and famous Investment banks in talks with the Foundation. He also said that the team is now focusing on the development and deployment of the value public chain and will publish the mainnet of the public chain at the end of this year.

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