A recent SEC filing by Grayscale for a Worldcoin ETF has revealed that 90% of the circulating WLD tokens are held by just 100 wallets. This concentration starkly contrasts with Worldcoin's goal of achieving widespread distribution. The filing also highlights that World Chain's sequencer is centrally operated, with upgrade functions controlled by a few participants from World Foundation, Tools for Humanity, and Optimism. Governance of the project is primarily directed by the World Foundation.
Grayscale Filing Reveals 90% of Worldcoin Held by 100 Wallets
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