Eightco Holdings announced Monday that Wedbush Securities’ Dan Ives has been appointed chairman of its board, according to CNBC. The company also launched a $250 million private placement to accumulate Worldcoin as its primary treasury asset. Ives told CNBC that World is poised to become the “de facto standard” for authentication in an AI-driven future. Public companies are increasingly adopting the MicroStrategy model of using debt and equity sales to purchase crypto for their balance sheets. Sam Altman’s World project seeks to combat AI threats like deepfakes by verifying human identities through “World ID” sign-ins and rewarding users with Worldcoin.
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