According to Protos, Grayscale’s SEC filing shows that approximately 90% of the circulating WLD tokens are held by 100 wallets, and the World Chain sequencer is operated centrally, with upgrade functionality controlled by a small group of participants from the World Foundation, Tools for Humanity, and Optimism, while governance is primarily guided by the World Foundation.
Grayscale SEC Filing Reveals WLD Token Concentration and Centralized Governance Risks
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Summary
Grayscale’s latest SEC filing reveals that approximately 90% of WLD tokens are concentrated in 100 wallets. The World Chain sequencer operates centrally, with upgrade authority held by entities such as the World Foundation, Tools for Humanity, and Optimism. Governance is led by the World Foundation. The filing comes amid speculation surrounding new token listings and increased regulatory scrutiny.
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