Orbs (ORBS) Price

Eightco Holdings Inc. Expands Investor Access with NASDAQ Options Trading Amid Worldcoin Growth

Executive Summary Eightco Holdings Inc. has announced the availability of standardized options for its common stock, ORBS, on the Nasdaq Options Market. This development aligns with the rapid expansion of the World network, which now reports over 17 million verified humans, an increase of 2 million in three weeks. Concurrently, the company introduced its "Power of 8" initiative, setting ambitious targets for Worldcoin (WLD) token accumulation and human verification, underpinning its strategic focus on digital identity in the artificial intelligence (AI) era. The Event in Detail The introduction of standardized options trading for Eightco Holdings Inc. common stock on the Nasdaq Options Market aims to enhance investor accessibility, provide tools for risk management, and improve overall share liquidity. This move provides market participants with new avenues to engage with ORBS as the company progresses its digital asset strategy. Simultaneously, the World network has demonstrated substantial growth, reaching more than 17 million verified humans. This represents an increase of over 2 million verified individuals since the launch of Eightco's Worldcoin treasury strategy three weeks prior. This rapid adoption underpins the company's vision for a universal digital trust and identity system. The "Power of 8" initiative outlines specific strategic objectives: the accumulation of 800 million Worldcoin (WLD) tokens and the verification of 8 billion humans. Eightco Holdings Inc. Chairman Dan Ives and CEO Kevin O’Donnell emphasize this initiative as a pivotal step toward creating a seamless and universal digital trust framework. The company's proprietary Orb technology serves as the hardware backbone for this verification process, ensuring unique human identification. Market Implications The availability of options trading for ORBS is anticipated to increase the stock's exposure and liquidity, potentially attracting greater capital inflow to support the Worldcoin project. Eightco's adoption of a digital asset treasury (DAT) strategy for Worldcoin (WLD) mirrors a growing trend among publicly traded companies, notably MicroStrategy, which pioneered the integration of a significant Bitcoin treasury into its corporate balance sheet. This strategy aims to leverage the potential appreciation of digital assets as a store of value or strategic investment, while also aligning the company with the broader cryptocurrency ecosystem. The availability of options trading on ORBS further provides traditional investors with mechanisms to gain exposure or hedge positions related to the underlying digital asset strategy, similar to how derivatives markets provide avenues for engagement with companies holding substantial Bitcoin reserves. The rapid user growth of the World network further solidifies its position as a significant player in the digital identity landscape, potentially accelerating the adoption of Proof-of-Human (PoH) solutions across the Web3 and AI sectors. Expert Commentary Dan Ives, Chairman of Eightco Holdings Inc., stated, "We are making rapid progress on the 'Power of 8,' and reaching 17 million verified humans marks a pivotal step toward a world where digital trust is seamless and universal. World is powering the single sign-on future, enabling secure, anonymous interactions online for millions of people worldwide." Kevin O’Donnell, CEO of Eightco, remarked on the symbolic significance of the user count, noting, "17 million is also an important number for our 'Power of 8' story because 8 raised to the 8th power is 17 million." Sam Altman, a key figure associated with the initiative, projected the potential impact, stating, "If we succeed on our mission, World might become the largest network of real people online, fundamentally changing how we interact and transact throughout the Internet." He further estimates the market for Proof of Human verification could reach a value of $200 billion to $300 billion, implying a Worldcoin value of $20 to $30 per WLD coin. Broader Context Worldcoin's approach to biometric identity verification, utilizing iris scans and zero-knowledge proof technology, aims to establish a decentralized identity network. However, the project continues to face regulatory scrutiny concerning its data collection practices. Privacy advocates have raised concerns regarding potential misuse of biometric data, emphasizing the critical need for compliance with global data protection frameworks such as GDPR and CCPA. Some governments view Worldcoin as an innovative solution for digital identity and financial inclusion, while others perceive significant surveillance risks, contributing to an uneven global regulatory landscape. Eightco Holdings Inc. acknowledges several forward-looking risks, including unexpected operational costs, challenges in securing adequate capital, difficulties in user adoption, and potential negative impacts from future legislation concerning digital assets and shifting public sentiment. Despite these challenges, Worldcoin's long-term growth potential remains linked to the broader adoption of decentralized identity systems and its position at the intersection of blockchain technology and identity verification.