Matt Mudano, CEO of Arch Labs, said that the ArchVM network will launch a transaction‑fee token and that investors will receive tokens under a Simple Agreement for Future Tokens (SAFT), a common crypto funding model, instead of company equity

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The investors in this round will be given those tokens in the future in lieu of company equity in what is known as a simple agreement for future tokens, or a SAFT—a common type of arrangement in the crypto space.

Mudano says a token will be launched alongside ArchVM that will be used by customers to pay for transaction fees on the network