Eightco Doubles Down On Their Bet On OpenAI

Eightco believes in the future of Sam Altman’s companies. Which is exactly why they’re increasing their bet on OpenAI.

What’s happening:

• Eightco (NASDAQ: ORBS) has made a new $40M USD equity investment into OpenAI
  

By the numbers:‍

• Eightco has now invested a total of approximately $90M USD into OpenAI which represents roughly 30% of their total assets
  

Why it matters:‍

• This is one of the first times a publicly traded company besides Microsoft (NASDAQ: MSFT) has taken a direct equity stake in OpenAI
  

Going deeper:‍

• Eightco owns nearly 10% of the entire circulating supply of Worldcoin, which is the highly controversial digital identity protocol crypto project co-founded by Sam Altman and Alex Blania
  
• Eightco also just recently raised $125M USD in an equity financing round which was led by Tom Lee’s Bitmine Immersion Technologies (NYSE: BMNR), Cathie Wood’s ARK Invest and Kraken parent company Payward

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