Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 246

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 246
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 blockchain technology are likely to accelerate the development of competing entities, including the
development of networks that natively integrate AI into consensus mechanisms and other core features. If Worldcoin is unable to evolve
to address such increased competition or if market participants believe that Worldcoin’s core technology stack is outdated or less
attractive compared with other companies, Worldcoin may be considered technologically obsolete by the next-generation of protocols. The
decline in the Worldcoin network would materially impact the market value of WLD and adversely affect the value of our WLD treasury holdings
and our stock price.

The
emergence or growth of other digital assets, including those with significant private or public sector backing, including by governments,
consortiums or financial institutions, could have a negative impact on the price of WLD and adversely affect the Company’s securities.

Following
the launch of the Company’s proposed digital asset treasury strategy, as a result of our Worldcoin strategy, we expect our assets
to be concentrated in WLD holdings. Accordingly, the emergence or growth of digital assets other than WLD, including those with significant
private or public sector backing, including by governments, consortiums or financial institutions, may have a material adverse effect
on our financial condition.

Many
of the blockchain applications on large blockchain networks involve the use of “stablecoins,” which are designed to maintain
a constant price related to or based on some other asset or traditional currency because of, for instance, their issuers’ promise
to hold high-quality liquid assets (such as U.S. dollar deposits and short-term U.S. treasury securities) equal to the total value of
stablecoins in circulation. In July 2025, the U.S. President signed into law the “GENIUS Act,” which establishes a federal
framework for “payment stablecoins,” treating them as payment systems, not securities, and mandating fiat-backed reserves,
monthly disclosures, anti-money laundering safeguards, and similar measures. Stablecoins have grown rapidly as a medium of exchange and
store of value, particularly on digital asset trading platforms, and their use as an alternative to digital assets such as bitcoin and
WLD could expand further as rules are promulgated under the GENIUS Act. As of June 30, 2025, two of the seven largest digital assets
by market capitalization were U.S. dollar-pegged stablecoins. If merchants, consumers and decentralized applications choose stablecoins,
the demand for the use case for WLD as a medium of