It’s the big change in the fast-growing world of crypto and AI. The appointment of Dan Ives, the renowned technology specialist from Wedbush Securities, as the chairperson of a new company intending to concentrate on purchasing and holding Worldcoin, the token related to a blockchain project initiated by the founder of OpenAI signals just that. It shows how more businesses are using crypto to boost their value.
The firm is Eightco Holdings and at present is trading on Nasdaq as OCTO. They announced Ives will chair the board. A $250 million private deal to buy Worldcoin as its inaugural asset is in the plan. Once the agreement closes, around September 11, the ticker will then change to ORBS. A classic corporate move for “legitimizing” the situation of using the creditors’ or new shareholders’ money to accumulate cryptocurrency for the corresponding businessmen.
Ives is thrilled about it and sees Worldcoin as the future of AI. “AI is changing everything and the World needs a way to check if people are real humans,” he said. With AI threats like fake videos growing, proving identity is very important. Worldcoin gives a special ID to the user and rewards them by tokens.
Certainly, the trend is not novel, as a good many of the publicly listed corporations are shadowing the footing of companies that buy bitcoin or some other crypto to cling onto the long term. It happens in good market times. For example, after such moves, certain companies witnessed hefty stock jumps. Ives could draw more attention, akin to what happened when other experts were roped in by crypto firms and their shares shot up.
Worldcoin derives from a project known as World which uses eye scans to verify people and combat AI fakes. The token, WLD, supposedly carries a market value of approximately $1 billion. A rather small sum when compared with the $2 trillion of Bitcoin or even the $500 billion of Ether. However, Ives believes that it has enormous potential because it is going to be the intersection of Blockchain and AI.
More companies are looking beyond Bitcoin and are focusing on tokens such as SOL or BNB for bigger gains. Ives’ company wants to be a leader in Worldcoin. He also happens to run an AI tech-focused ETF, showing his belief in the area.
Friendly rules are coming in for the crypto world this year. That makes it much easier for firms to add this to their game plans. Digital identity: The big need even big investors talk about verifying people on blockchains for safe funds.
It could very likely be just the beginning of a new wave. The world will become the standard with AI coming to human checks in an AI world, and tools like Worldcoin.
Why Companies Hold Crypto on Their Balance Sheets
Companies view crypto assets as an intelligent way of growing revenues, which include but are not limited to the following:
- Better Returns: Crypto holdings provide better returns than traditional assets, a fact more pronounced during bullish markets.
- Enhanced Shareholder Value: Tokens have a direct impact on the company’s shares since once a firm invests in tokens, the market tends to go bullish thereby benefiting the investors.
- Debt and Equity Finance: Firms raise money by taking loans and selling shares and invest in cryptos without using their own money.
- Spread risk. Spread out your investment in a new and emerging technology trend like blockchain.
- AI contained within the token of Worldcoin would address issues related to counterfeit content.
Prospects for Worldcoin in the Age of AI
Identity is the standout factor for Worldcoin. Here are its advantages listed out:
- Identity verification: it uses biometrics to ensure that the actual identity of users is what is available thereby combating AI deepfakes
- Initiative: Tokens are distributed to users who register, with the intention of encouraging further membership
- Blockchain Security: Known for its robust network, it secures and maintains data privately.
- Anonymous Logins: Allow users to sign in with World ID without sharing any personal info
- Growth Potential: The future is AI, and the future may be filled with the demand for such tools.
- Market Position: Supported by some big tech names.
- Future-Proof: Trust in a world of robots and smart systems
The Crypto and AI connection is strengthening. Keeping humans in the loop is the goal of projects such as World. Ives thinks that without good identity checks, this could slow the growth of AI. “Blockchain will have a big role in identifying real people,” he said.
Other onboard leaders echoed. They also claimed that identity verification was crucial for tokenized assets on chains like Ethereum. This could make crypto as common as ETFs.
For investors, that is going to be keeping an eye on smaller companies like Eightco. If the strategy works, it could have a domino effect and more firms could follow suit. Crypto pullbacks do happen, but firm plans do prop up better.
Ives is a tech soothsayer famous for outlandish predictions. He sees years of a bull market. His ETF is centered on AI software and chips, dovetailing with this crypto move.
In short, Ives’ new position underlines the exhilarating fusion of AI and crypto. Worldcoin could be an industry standard for identification in a digital world. If more corporations take to this playbook, the market might see some big alterations.
This strategy is not only about tokens. It is about getting ready for a future where AI safely interacts with humans. ORBS should then be noticed by the investors.
