Kraken joins Eightco’s INFINITY authentication platform pilot

EASTON, Pa. - Kraken has joined a pilot program for Eightco Holdings Inc.’s (NASDAQ:ORBS) newly launched INFINITY authentication platform, according to a press release statement issued Thursday. Eightco shares, currently trading at $5.31, have shown remarkable volatility recently, with a 19.3% drop in the past week despite a 296% surge over the last six months.

The INFINITY platform aims to provide secure, AI-resistant authentication for financial services and digital asset workflows. The technology is designed to verify human identity at scale and defend against deepfakes, Sybil attacks, and other AI-generated threats.

"Authentication is the missing trust layer in enterprise AI," said Dan Ives, Chairman of Eightco Holdings Inc. "INFINITY represents a major step toward solving this challenge, delivering authentication that’s secure, scalable, and resistant to malicious AI."

Arjun Sethi, Co-CEO of Kraken, noted that "human and onchain verification is becoming the foundation of trust in an era where intelligence is no longer limited to people."

The pilot program focuses on streamlining verification processes across financial systems. According to the release, financial services represent a $35 trillion market, with crypto treasuries approaching $500 billion in assets under management.

Eightco’s INFINITY platform provides single sign-on authentication capabilities that verify human users across distributed systems. The company states the technology is built directly into applications to offer protection as enterprises increase AI adoption.

The company reports being supported by strategic and institutional investors including BitMine (NASDAQ:BMNR), MOZAYYX, World Foundation, Wedbush, Coinfund, Discovery Capital Management, FalconX, Kraken, Pantera, GSR, and Brevan Howard.

Eightco indicates plans to expand INFINITY beyond financial services into gaming, e-commerce, energy, and healthcare sectors. Investors should note that Eightco is currently trading above its InvestingPro Fair Value estimate, with earnings results expected on November 19. InvestingPro offers 15 additional insights on ORBS, including metrics on its financial health and price momentum trends.

In other recent news, Eightco Holdings Inc. has amended its sales agreement to include Cantor Fitzgerald & Co. as an additional sales agent, allowing the company to issue and sell shares of its common stock with a total sales price of up to $2.7 billion. This amendment builds upon the original agreement with R.F. Lafferty & Co., Inc. Furthermore, Eightco Holdings has made a strategic investment in Mythical Games’ Series D financing round, aligning with its strategy to allocate a portion of its treasury assets towards authentication technologies.

Additionally, the company has launched a new pilot program focused on AI authentication for enterprise clients, aiming to address identity and verification challenges as businesses expand their AI operations. This initiative includes strategic investments and partnerships, such as a "first-of-its-kind Worldcoin treasury." In another development, Eightco announced that its World network has surpassed 17 million verified humans, adding over 2 million users in a short period since launching its Worldcoin Treasury initiative.

These recent developments reflect Eightco’s ongoing efforts in digital identity verification and strategic investments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.