Eightco Holdings Inc. has completed a private placement of $270 million for its strategy related to Worldcoin, amid growing interest in Proof of Human technology.
Company Completes Private Placement
Eightco Holdings Inc. has completed a $270 million stock private placement, reflecting rising interest in projects related to digital assets. Leading institutional investors such as World Foundation and Discovery Capital Management participated in the placement. Newly appointed Chairman Dan Ives noted that the offering has witnessed 'tremendous interest.'
New Treasury Strategy for Worldcoin
The proceeds from the fundraising will be used to acquire and hold Worldcoin (WLD) as its reserve asset while continuing to focus on core business operations. Worldcoin is developing a technology that creates Zero-Knowledge Proofs for identity verification without storing personal data on the blockchain.
World's Proof of Human Technology
Worldcoin utilizes unique iris-scanning technology to ensure security and user identification. As Sam Altman stated, 'If we succeed on our mission, World might become the largest network of real people online.'
The completion of this deal and Worldcoin's strategy demonstrate Eightco Holdings' efforts to develop a robust platform for identification and decentralized transactions amidst digital transformation.
