Eightco Holdings Acquires 272 Million WLD Tokens in Major Worldcoin Stake

TLDR

• Eightco Holdings now controls 272 million Worldcoin (WLD) tokens, worth over $155 million.

• The company announced its partnership with Coinbase and Kraken to expand its enterprise reach.

• Eightco is launching Infinity by ORBS, a new human-verification platform for enterprise sectors.

• Worldcoin’s parent company OpenAI secures a $100M deal with Intuit for AI integrations.

Eightco Holdings has acquired a significant 10% of the circulating supply of Worldcoin (WLD) tokens, securing approximately 272 million WLD tokens. With WLD trading at $0.67, this holding is valued at over $155 million. This move establishes Eightco as one of the largest strategic players in the Worldcoin ecosystem, marking a pivotal point in the company’s growing influence in the crypto-backed lending and digital asset space.

In addition to its large holdings in WLD, Eightco also controls 11,068 ETH and $58.2 million in liquid assets, further solidifying its financial position. The company, backed by Tom Lee’s BitMine Immersion, has made strides in expanding its influence and partnerships across the crypto and Web3 sectors.

Strategic Partnerships and Expansion

Eightco Holdings is intensifying its efforts to expand its reach in the digital and real-world sectors through key partnerships and innovative products. The company has launched Infinity by ORBS, a proof-of-human authentication system designed to serve enterprise clients in industries like healthcare, gaming, and traditional finance (TradFi).

The Infinity platform provides a secure and compliant solution for human verification, catering to enterprises that require reliable and scalable identity verification systems.

Led by Dan Ives, Chairman of Eightco, the company has forged partnerships with leading firms like Coinbase and Kraken to integrate its technology into existing workflows. Ives emphasized that Infinity by ORBS is poised to extend far beyond the crypto sector, impacting industries where trustworthy authentication is critical.

Worldcoin’s Growing Role in the Digital Asset Space

The strategic investments and product offerings from Eightco Holdings are closely tied to the growing demand for digital asset-backed financial services. Worldcoin, under its parent company OpenAI, has been making significant strides in the realm of AI and blockchain technology.

OpenAI’s recent $100 million multiyear deal with fintech giant Intuit for products like TurboTax is just one example of how Worldcoin’s parent company is positioning itself as a leader in integrating AI into mainstream financial services.

The collaboration between Eightco Holdings and Worldcoin aligns with broader market trends, where crypto-backed lending is seeing rapid growth. According to industry reports, the crypto-backed lending market is expected to grow from $7.8 billion in 2024 to over $60 billion by 2033. This expansion is driven by the increasing demand for liquidity without the need to liquidate digital assets, a core principle behind Worldcoin’s offerings.

Senate Investigation into Trump-Tied Crypto Firm

In another major development within the crypto sector, U.S. Senators Elizabeth Warren and Jack Reed are pressing for a probe into World Liberty Financial, a crypto firm linked to the Trump family. The senators raised concerns that the firm may pose national security risks due to its alleged ties to illicit actors in North Korea and Russia.

Reports have emerged claiming that World Liberty Financial sold $WLFI tokens to entities with connections to North Korean hackers and Russian sanctions evasion efforts.

The investigation underscores the growing scrutiny over crypto firms and the need for stronger regulatory oversight, particularly in cases involving digital assets and their potential misuse.

Eightco’s Vision for the Future of Digital Assets and Lending

Eightco’s acquisition of over 10% of Worldcoin’s circulating tokens comes at a time when the digital assets market is evolving. The company’s investments are focused on expanding the availability of credit and secure financial services through the use of digital assets.

By leveraging its significant holdings in WLD and other assets, Eightco aims to shape the future of digital asset-backed lending and authentication systems, positioning itself as a key player in the growing Web3 and crypto space.

This development is part of a broader trend where digital asset platforms and enterprises are increasingly focusing on providing decentralized financial services. Eightco’s efforts to establish trust and reliability through Infinity by ORBS demonstrate its commitment to building scalable, secure infrastructure for both digital and real-world sectors.