[Grayscale Document Disclosure: 100 Wallets Hold 90% of Worldcoin Circulation] According to Protos, the SEC filing submitted by Grayscale for the Worldcoin ETF revealed that approximately 90% of circulating WLD tokens are concentrated in 100 wallets, contrasting with the project's vision of 'fair distribution to as many people globally as possible.' The document also acknowledges that the World Chain's sequencer operates in a centralized manner, with upgrade functions being coordinated and controlled by a few participants from the World Foundation, Tools for Humanity, and Optimism. Governance 'is still primarily guided by the World Foundation.'