Dan Ives to become chair of company that will buy Sam Altman-backed Worldcoin for its treasury

Ives from Wedbush Securities joins a new company focusing on accumulation WorldCoin (WLD)Blockchain’s domestic coin, which is used in the attempt by Open AI Creator Sam Altman attempting biometric identity, World.

Eightco Holdings is a small company currently traded under felt in Nasdaq “Okto“On Monday, he announced that Wedbush’s Global Technology Research Chairman Ives is currently the Chairman of the Board of Directors. He also announced a special settlement of $ 250 million to implement a purchasing strategy around Worldcoin as the main treasure presence.

“As a very passionate about the AI ​​revolution and the future of technology, Ives see the world as a actual standard for authentication and identity in the future world of AI,” IVS told CNBC. “I wouldn’t make this initiative if it was just a cookie -cutting coin strategy.”

The proposal is expected to be closed on September 11 or around, and at this point it plans to change its sign to “spheres”.

IVS’s movement is similar to someone made by another Wall Street predictive Tom Lee, who was more followed by Fundstrat, who participated in the Ether accumulator in June Divinx technologies As president. Since Lee announced the participation of Lee, his finishing shares have shook more than 800%.

This company also invested $ 20 million in the Eight Co, announced on Monday, and announced to support brave ideas that strengthen the beginning of the “Moonshot” strategy. Ethereum’s ecosystem.

Considering the more crypto -friendly regulatory environment this year, more public companies have adopted the Microstrategy game book to use debt finance and self -operating sales to buy crypto to keep their balance sheets to increase their shareholders. Companies with high -profile supporters such as Fundstrrat’s Lee and Tech billionaire Peter Thiel (both Ether -focused companies and Peter Thiel, who has a shares Ethzilla) The last crypto looks better in withdrawing.

Known for Cesur Sokak Calls (and Fashion Elections), Ives runs the Dan Ives Wedbush AI Revolution ETF (IVS), which was previously initiated in the summer months, and said that Tech will be on a bull market for the next two to three years.

Companies pursuing crypto treasure strategies are more looking at the crypto risk spectrum. BitcoinI hope bigger gains. For example, Defi Development Corp Started in April, focusing on the accumulation of Solana LEFT Jeton and a little -known Canadian Vape Company CEA Industries announced Binance Coin (BNB) The accumulation plan in July.

Considering the acceleration of the number of threats from artificial intelligence, such as the world initiative of Altman, deep teeth, it aims to authenticate real people in the network. The project provides users a “world identity” for anonymous signatures and rewards the Worldcoin crypto currency.

“As AI infrastructure and [large language models] It was built without real identity and human evidence, a limiting factor in the growth of AI in the coming years, dedi he said.

His comments on the need for a digital authentication system reflect what was done by Blackrock CEO Larry Fink. annual letter One day this year, “funds to the token” or the funds represented in a blockchain network such as Ethereum “will be as familiar with investors as ETFs – provided that we break a critical problem: Identity.”

According to Coingecko, Worldcoin was released in 2023 and has a market value of approximately $ 1 billion compared to Bitcoin’s about $ 2 trillion and Ether to $ 518 billion.