Daniel Ives, Wedbush Securities
Scott Mullin | CNBC
Dan Ives of Wedbush Securities has joined open AI creator Sam Altman’s biometric identity verification startup, a new company focusing on the accumulation of WorldCoin (WLD), a native token for blockchain used by World.
Eightco Holdings, a small company currently trading on Nasdaq under the ticker.”October“On Monday, wedbush’s global technical research director Ives announced that he is chairman of the board and also announced a private $250 million placement to implement a purchasing strategy centered around Worldcoin as a key financial asset.
“As someone who is extremely passionate about the AI revolution and the future of technology, I really see the world as the de facto standard for authentication and identification in the future world of AI,” Ives told CNBC. “If it’s just a cookie cutter token strategy, I’m not taking this initiative.”
The product is scheduled to close on or around September 11th, and plans to change the ticker to “Orbs” at that time.
Ives’ movement is similar to that made by Tomley, another widely followed Wall Street predictor of Fund Strut, who joined the ether accumulator in June. Bitmine Immersion Technologies As chairman. Bitmine’s shares have lost more than 800% since Lee announced his involvement.
The company also made a $20 million strategic investment in EightCo, which announced Monday, marking the beginning of its “Moonshot” strategy, supporting its bold ideas. Ethereum Ecosystem.
This year, given the crypto-friendly regulatory environment, more public companies are adopting a micro-strategy playbook for purchasing crypto using debt financing and stock sales to keep their balance sheets to increase shareholder returns. Companies with well-known backers, such as Fundstrat’s Lee and Tech billionaire Peter Thiel (both ether-focused companies have stocks, including Bitmine and Etzilla) It’s better withstanded with recent cipher pullbacks.
Known for his bold street call (and fashion choices), Ives also runs Dan Ives’ Wedbush AI Revolution ETF (Ives), which was launched early in the summer with a focus on software and chips, and says Tech will be in the bull market for the next two or three years.
Increasingly, companies pursuing cryptocurrency strategies are looking further into the risk spectrum of crypto. BitcoinI hope for even greater profits. for example, Defi Development Corp It was released in April with a focus on Solana accumulation Sol Tokens, and lesser known Canadian steam companies are called CEA Industries announcement Binance Coin (BNB) Accumulation plan for July.
Altman’s World Venture aims to authenticate real people on the network given the accelerated number of threats from artificial intelligence such as deepfakes. This project will provide users with an anonymous sign-in “World ID” and reward them with WorldCoin Cryptocurrency.
“AI infrastructure and (large language models) are being built without true identification and human proof, and are limiting factors in AI growth over the next few years,” Ives said. “I’m focusing on the entire crypto world on blockchain, and how do you plan to identify future people who will play a major role in physical AI?”
His comments on the need for a digital identity verification system reflect what BlackRock CEO Larry Fink said in this year’s annual letter that one day “tokenized funds” or funds represented by blockchain networks like Ethereum will become as familiar as ETFs.
According to Coingecko, Worldcoin was launched in 2023 and has a market capitalization of around $1 billion compared to about $2 trillion in Bitcoin and $518 billion in Ether.
