Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 207

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1
Chunk 207
---
 factors may disrupt market dynamics, depress or increase
WLD prices, and create actual or perceptions of insider advantage that deter broader participation and have an adverse impact on WLD.
Public materials indicate that the intent is for governance of WLD to be transferred to the WLD user community. However, there is no
process as to how or when this will happen. As a result, the disclosed objective to create a decentralized autonomous organization for
WLD may take significant time or may never be met. Given the conflicts of interest, the lack of transparency, and the risks of self-dealing,
the value of WLD may decline significantly, even to zero. If the value of WLD were to decline, any negative decline could materially
and adversely impact the Company’s operations and financial condition and could result, in extreme circumstances, in the Company’s
insolvency.

The
Worldcoin ecosystem has a limited operating history.

Worldcoin,
launched in 2023, is an early-stage project with a limited operating history. Developers, consumers and businesses may not adopt Worldcoin’s
technology, and we believe that Worldcoin’s adoption will likely depend on significant protocol development and differentiation
in a highly competitive market. A failure to scale, unexpected technical flaws, privacy issues or the lack of engagement could materially
reduce demand for WLD and adversely affect their value.

The
World Foundation was established to govern the Worldcoin ecosystem by Tools for Humanity, which was founded by Sam Altman. Although Mr.
Altman has been successful with other ventures, there is no assurance that Worldcoin will also be successful.

Because
our treasury strategy is currently focused on holdings of WLD, our treasury assets are highly dependent upon the value and performance
of the WLD ecosystem. If the WLD ecosystem fails to achieve its objective, or has significant setbacks or delays, the value of WLD may
severely decline, which could materially and adversely impact the value of the Company’s treasury assets, the liquidity of the
Company, and our financial condition, which could have a substantial impact on the value of the Company’s common stock.

Worldcoin’s
credibility and direction are heavily tied to founder Sam Altman and other key employees. WLD tokens may represent a substantial portion
of these individuals’ wealth, which concentrates influence and creates uncertainty over how personal decision, priorities and sales
might hurt the ecosystem.

Worldcoin’s
credibility is heavily dependent on the reputation of founder Sam Altman, in addition to its founding team and key early contributors