Eightco Holdings Bets Big on AI and Digital Identity with $52.5M World Foundation Funding Round
Eightco Holdings (NASDAQ: ORBS) recently announced its participation in World Foundation's $52.5M funding round, further solidifying its position in the AI and digital identity space. The company holds a significant stake in OpenAI, with an indirect investment of approximately $90 million through special purpose vehicles.
This investment represents about 23% of Eightco's treasury assets, which also include nearly 302 million Worldcoin (WLD) holdings, making it the largest publicly disclosed institutional position globally. Tom Lee, a Board Member of Eightco, notes that the reduction in WLD token issuance will improve the net supply/demand balance for WLD and support improved risk/reward in prices.
Eightco's treasury portfolio is also comprised of $18 million in Beast Industries equity, which operates one of the largest direct-to-consumer reach footprints in the world. The company believes its holdings are crucial components for the future AI and digital financial system, with World ID sitting at the center of this interaction.