Eightco Holdings Invests in Mythical Games' Series D, Integrating Worldchain for Web3 Gaming Identity

Executive Summary

Eightco Holdings Inc. (NASDAQ: ORBS) has formalized a strategic investment in Web3 gaming pioneer Mythical Games, participating in its Series D financing round alongside ARK Invest and World Foundation. This collaboration aims to integrate Worldchain, an ERC-20 compatible blockchain, and World ID into Mythical Games' ecosystem, establishing a framework for Proof of Human (PoH) verification and streamlined digital identity across its gaming titles. The initiative underscores Eightco's corporate strategy to become a foundational authentication layer for the post-AGI economy, focusing on enhancing trust and interoperability within digital environments.

The Event in Detail

The investment, announced on October 13, 2025, is poised to close the week of October 20. Eightco's participation in Mythical Games' Series D financing round aligns with its strategic roadmap to allocate up to 1% of its treasury assets towards venture-style investments in breakthrough authentication technologies. Mythical Games, led by former Call of Duty studio head John Linden, operates a portfolio of Web3 gaming franchises such including NFL Rivals, Pudgy Penguins' Pudgy Party, and FIFA Rivals. The company reports over 10 million combined game installs and 9.6 million funded wallets, with an annual NFT sales volume of approximately $400 million. The integration will see Mythical Games' marketplace expanding to leverage Worldchain for secure, verifiable gaming infrastructure, enabling seamless interoperability of gaming assets and identities.

Financial Mechanics of the Investment

Eightco Holdings Inc.'s involvement in Mythical Games' Series D financing represents a direct equity investment into a growth-stage company. While specific financial terms such as convertible note structures or precise valuations were not disclosed, Series D financing typically indicates a mature startup stage with established products and a clear path to market expansion. The investment structure reflects a strategic allocation from Eightco's treasury, earmarked for advancing authentication technologies. This contrasts with debt financing or public market equity raises, instead focusing on direct capital injection into a privately held entity to foster technological integration and market synergy. Other participants in the Series D include institutional investor ARK Invest, managed by Cathie Wood, and the World Foundation, highlighting a diversified investor base with a shared interest in Web3 and digital identity.

Business Strategy and Market Positioning

Eightco positions itself as the "authentication and trust layer for the post-AGI world," working in coordination with the Worldcoin ecosystem. Its investment in Mythical Games is a direct execution of this vision, extending its authentication capabilities into the rapidly growing Web3 gaming sector. Chairman Dan Ives stated, "This investment marks another key step in our mission to become the authentication layer of the post-AGI economy," emphasizing the company's focus on enterprise and gaming authentication. Mythical Games, with its existing user base and substantial NFT sales volume, provides a robust platform for the implementation of Worldchain's Proof of Human and single sign-on capabilities. This strategic alignment aims to create a unified trust framework that scales globally, leveraging World ID's over 17 million verified users and Mythical's 9.6 million funded wallets. This strategy parallels early corporate adoption trends seen in companies like MicroStrategy, which strategically invested in Bitcoin to align its treasury with a new digital asset class, though Eightco's approach is focused on leveraging its treasury for venture investments to integrate its core technology.

Broader Market Implications

The integration of Proof of Human verification and digital identity solutions within Web3 gaming is anticipated to have significant implications for the broader Web3 ecosystem. It addresses critical issues such as fraud reduction, enhanced user onboarding, and verifiable ownership of digital assets. By establishing a robust identity layer, the partnership could foster greater trust and security, driving mainstream adoption of blockchain-based identity within the gaming sector. This move may set a precedent for secure digital economies, particularly as the industry navigates the complexities of AI integration. The scalable real-world identity and on-chain utility facilitated by Worldchain and World ID could transform gaming into a more inclusive and secure digital economy.

Expert Commentary

Dan Ives, Chairman of Eightco Holdings Inc., articulated the strategic imperative: "Worldchain's Proof of Human and single sign-on capabilities make it the ideal foundation for the next era of gaming and AI integration." He further added, "Mythical's 9.6 million wallets represent an installed base of users that can build on World ID's over 17 million verified user count. We expect this partnership and future deals to drive positive step-change functions in the World verified customer base." John Linden, CEO of Mythical Games, commented on the partnership's impact: "Mythical is integrating with Worldchain to bring identity and trust into the next era of gaming. Our vision is to make every player... part of a verified, global economy where digital ownership and fair play are guaranteed." Linden emphasized the goal of connecting billions of players through secure, human-verified accounts that function seamlessly across various gaming platforms and rewards systems.