Key Metrics
14.54
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-09-08
Key Impacts
Positive Impacts (7)
Event Overview
The appointment highlights a strategic shift towards AI authentication and identification. The significant investment in cryptocurrency signals a move to position the company as a leader in emerging tech, potentially reshaping its market presence and investor perception.
Collect Records
Dan Ives Joins Eightco to Lead $250M Worldcoin Investment Strategy
Dan Ives, the global head of technology research at Wedbush Securities, has been appointed as the board chairman of Eightco, a small company listed on Nasdaq. Eightco, which is changing its ticker to ORBS, secured a $250 million private placement to invest in Worldcoin (WLD) as its primary treasury asset. Ives views Worldcoin as the future standard for AI authentication and identification. The offering is set to close around September 11. This move has caused Eightco's stock (OCTO) to surge by 1,400%. Notable backers, including Fundstrat's Tom Lee and tech billionaire Peter Thiel, are involved in this initiative. The strategic investment in Worldcoin is part of Eightco's Moonshot strategy to support innovative ideas that bolster the Ethereum ecosystem. This comes amid a more crypto-friendly regulatory environment, leading more public companies to follow MicroStrategy's approach of using debt and equity to acquire and hold cryptocurrency on their balance sheets, aiming to boost shareholder returns.