Cryptocurrency Worldcoin experiences a significant increase of 20% in value, following Eightco's announcement of establishing a Worldcoin Treasury on the Nasdaq exchange.

In a significant development for the cryptocurrency sector, Worldcoin has announced a major funding round, bolstering its presence and influence.

The funding round was led by MOZAYYX, with institutional support from a prestigious lineup of investors including the World Foundation, Kraken, Pantera, Discovery Capital, GSR, and Brevan Howard. The funding round also included an additional $20 million investment from BitMine Immersion Technologies.

Eightco Holdings, the company behind Worldcoin, announced a $250 million private placement to adopt Worldcoin (WLD) as its primary treasury reserve asset. As a result, the company expects to complete the placement around September 11, pending Nasdaq approval, and will change its ticker symbol from OCTO to ORBS.

Sam Altman, co-founder of Worldcoin, stated that the private placement is proof of growing institutional belief in the project. He further added that the funding will be used to prioritize Worldcoin, while also holding smaller reserves in Ethereum and cash.

The mission of Worldcoin is to build the largest verified human network online. To achieve this, it has created over 16 million Proof of Human accounts across 45 countries. The Proof of Human model could become vital for safety and trust between platforms and billions of users.

Worldcoin's (WLD) price surged nearly 20% on Monday, climbing from $1.03 to just under $1.30. This surge was followed by a significant increase in the Nasdaq-listed shares of Eightco, with OCTO shares skyrocketing by more than 2,000%, jumping from $1.45 to $17.34 intraday, following the announcement.

Dan Ives, a prominent Wall Street analyst and technology expert, was named Eightco's new board chairman. Ives described Worldcoin as the "trusted layer" in the Fourth Industrial Revolution and suggested it could become the foundation for authentication in an AI-driven economy.

Sam Altman and Tim Lee, well-known investors, have also highlighted their support for Worldcoin's treasury shift. Eightco's alignment with Ethereum's ecosystem, as WLD is an ERC-20 token, was emphasized by Chairman Tom Lee.

BitMine's investment in Worldcoin forms part of its "Moonshot" strategy to back bold ecosystem-strengthening ideas. The search results do not provide information about the institutions supporting Eightco's capital increase fund or the Treasury publisher's switch to Worldcoin.

However, it is worth noting that Worldcoin continues to face regulatory pushback, with Beijing recently cracking down on iris-scanning practices tied to the project. Despite this, the future of Worldcoin looks promising, with its recent funding round and strategic partnerships positioning it as a key player in the cryptocurrency market.

In conclusion, the funding round for Worldcoin marks a significant step forward for the company, providing it with the resources needed to continue its mission of building the largest verified human network online. With the support of leading institutional investors and strategic partnerships, Worldcoin is well-positioned to play a crucial role in the Fourth Industrial Revolution.

Cryptocurrency Worldcoin experiences a significant increase of 20% in value, following Eightco's announcement of establishing a Worldcoin Treasury on the Nasdaq exchange.