Grayscale's SEC filing for the Worldcoin ETF reveals that approximately 90% of circulating WLD tokens are concentrated in 100 wallets, contrasting with the project's vision of "fairly distributing to as many people around the world as possible." The document also notes that the World Chain's sequencer operates in a centralized manner, with upgrade functionalities coordinated and controlled by a few participants from World Foundation, Tools for Humanity, and Optimism, while governance remains primarily guided by the World Foundation.
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