Eightco Holdings Launches the 'Power of 8' Initiative
In a significant development, Eightco Holdings Inc. (NASDAQ: ORBS) announced today that it has successfully verified 16.9 million individuals worldwide as part of its ambitious new initiative, dubbed the 'Power of 8.' This achievement reflects an impressive increase of 1.9 million verified users since the introduction of Worldcoin's treasury just three weeks ago. The initiative aims to scale to an astounding 800 million Worldcoin tokens (WLD) and to verify a total of 8 billion individuals.
Dan Ives, a renowned technology analyst and the newly appointed chairman at Eightco, expressed enthusiasm about the initiative. He stated, "The 'World' platform represents a pioneering step toward a unique verification method in the age of artificial intelligence (AI). For the first time, it enables secure and anonymous online transactions with trust built into the system."
According to Ives, the broader economic impact of Worldcoin's verification system could be substantial. Expected valuations of components in the AI value chain, according to industry experts, place large language models (LLMs) and hyperscalers at a staggering $3 trillion each, with significant allocations toward cybersecurity and, most crucially, human-proof security which could see valuations around $10 billion. The potential future value of Worldcoin’s verification method could rival that of an LLM, leading to estimates of $20 to $30 for each WLD token based on these projections.
In the realm of trust, as highlighted by recent world events and discussions led by notable figures such as former President Trump, the demand for reliable digital verification systems has never been more urgent. Ives emphasized that the 'Power of 8' is just the beginning of establishing this much-needed infrastructure.
Sam Altman, co-founder of World and OpenAI, remarked on the necessity for a financial network that incorporates proof of human verification, underscoring the importance of value exchange not just between humans, but also involving AI entities in future scenarios. He elaborated, “The aim is to ensure seamless value exchanges that could potentially involve AI systems trading with one another in the future."
As a response to this increasing need for security and verification in our digital lives, Eightco Holdings Inc. is implementing blockchain technology to uphold these verification protocols. Industry leaders like Ben Horowitz of Andreessen Horowitz have noted that cryptocurrency represents digital money in its purest form, establishing a robust economic network essential for AI interactions.
Eightco is dedicated to establishing a universal framework for digital identity. The proprietary Orb verification technology developed by World is tailored to address imminent challenges concerning both security and identity. This paves the way for a reliable global digital identity, serving as the foundation for the next generation of online trust, verification, and economic exchange. World will act as a primary verification platform for consumers around the globe.
About Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is pioneering a unique treasury strategy revolving around Worldcoin (WLD). Through this innovative digital asset treasury (DAT), Eightco aspires to revolutionize the AI landscape while providing a decisive layer of technological infrastructure crucial for authentication, verification, and proof of human activity. As the world becomes increasingly agentic, Eightco aims to lay the groundwork for a universal digital identity system capable of navigating the complexities of a digital landscape that demands greater trust and verification mechanisms. To keep up with the latest developments, follow Eightco on X:
X.com/iamhuman_orbs and
X.com/divestech.