Grayscale SEC filing reveals high concentration of Worldcoin tokens and centralized governance risks
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According to Protos, SEC filings submitted by Grayscale indicate that about 90% of circulating WLD tokens are held by 100 wallets, and the World Chain sequencer is operated in a centralized manner. The upgrade function is controlled by World Foundation, Tools for Humanity, and a small number of Optimism participants, with governance primarily guided by World Foundation.
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