Cybersecurity

Grayscale filing reveals 100 wallets hold 90% of Worldcoin

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Grayscale’s SEC filing for a Worldcoin ETF reveals that just 100 wallets control approximately 90% of all circulating WLD tokens, indicating significant centralization contrary to the project's initial goals. This matters because it highlights governance and distribution issues, raising concerns about Worldcoin's claim to be decentralized and widely distributed among users. Developers should watch for further developments in Worldcoin’s decentralization efforts as promised by its founders.

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