Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 135

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 135
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 loss or destruction.
If an event occurs where we lose our digital assets, whether due to cyberattacks, fraud or other malicious activities, we may not have
any viable legal recourse or ability to recover the lost assets. Unlike funds held in insured banking institutions, our digital assets
are not protected by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation. If our digital assets
are lost under circumstances that render another party liable, there is no guarantee that the responsible party will have the financial
resources to compensate us. As a result, we and our stockholders could face significant financial losses.

Worldcoin
could be subject to technological obsolescence, including competition from emerging blockchain and artificial intelligence protocols.

The
digital asset ecosystem is characterized by rapid technological innovation, short development cycles, and intense competition among blockchains
and related infrastructure providers. Worldcoin faces intense competition among existing companies and new entrants that are currently
being developed. Competitors may in the future offer superior offerings to Worldcoin and may attract developers away from the Worldcoin
ecosystem. Advancements in AI and 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to address such increased competition or if market participants believe that Worldcoin’s core technology stack is outdated or less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