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

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Wedbush Securities’ Dan Ives is joining a new company focused on accumulating Worldcoin (WLD), the native token of the blockchain used in Open AI creator Sam Altman’s biometric identity verification startup, World.

Eightco Holdings, a tiny company that currently trades on the Nasdaq under the ticker “OCTO

,” announced Monday that Ives, Wedbush’s global head of technology research, is now chairman of the board of directors. It also announced a $250 million private placement to implement a buying strategy around Worldcoin as its main treasury asset.