{"id":9733,"date":"2022-06-28T02:47:33","date_gmt":"2022-06-28T09:47:33","guid":{"rendered":"https:\/\/maccelerator.la\/?p=9733"},"modified":"2025-06-16T19:40:46","modified_gmt":"2025-06-17T02:40:46","slug":"what-is-dao-in-crypto","status":"publish","type":"post","link":"https:\/\/maccelerator.la\/en\/blog\/blockchain\/what-is-dao-in-crypto\/","title":{"rendered":"What is DAO in Crypto?"},"content":{"rendered":"\n<p><strong>A decentralized autonomous organization (DAO)<\/strong> in crypto is a way of bringing together people and their interest in using the internet for the blockchain. DAOs are owned collectively and their members handle its <a href=\"https:\/\/maccelerator.la\/en\/blog\/venture-capital\/transforming-asset-and-wealth-management-with-genais-impact-on-asset-and-wealth-management\/\">management<\/a>. That means no one person has control over the group or can make decisions without the group\u2019s approval.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How DAOs work<\/h2>\n\n\n\n<p>The smart contract is the key piece of a DAO. The rules of the organization and the group\u2019s <a href=\"https:\/\/maccelerator.la\/en\/blog\/investors\/stages-of-business-funding-comparing-private-equity-venture-capital-and-seed-investors\/\">funding<\/a> are defined in the contract. The only way to change the rules once a contract goes live on Ethereum is by <strong>votes<\/strong>.&nbsp;<\/p>\n\n\n\n<p>If someone attempts to do something that doesn\u2019t follow the logic and rules that are outlined in the code, it fails. Since the smart contract also defines the treasury, money can\u2019t be spent until the group approves it.&nbsp;<\/p>\n\n\n\n<p>This enables DAOs to exist without the need for a central authority. The group collectively makes decisions and payments are authorized through passing votes. Once a smart contract goes live on Ethereum, the code can\u2019t be edited without the notice of others. That\u2019s because everything is public.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Ethereum?<\/h2>\n\n\n\n<p>The foundation for DAOs is built on <strong>Ethereum<\/strong> because of its many advantages. For instance, smart contract code, once live, can&#8217;t be modified by even its owners. DAOs run by the rules it was programmed to as a result. You also don\u2019t need a trusted intermediary to manage the group\u2019s money since smart contracts will send\/receive funds.&nbsp;<\/p>\n\n\n\n<p>Organizations trust Ethereum\u2019s network because its own consensus is distributed and has been established. Finally, the Ethereum community has shown that it&#8217;s more interested in fostering a collaborative environment over the competition. Support systems and best practices emerge quickly because of it.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Types of DAO memberships<\/h2>\n\n\n\n<p>The memberships in a DAO can work differently. Based on the DAO membership, key aspects such as how voting works are determined. The common types of DAO memberships include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Token-based membership <\/strong>&#8211; In most cases, this is fully permissionless. The governance tokens can be traded on a decentralized exchange without the need to gain permission. Some might have to be earned through providing some type of \u201cproof of work\u201d or liquidy. Holding the token, in either case, gives you voting access.&nbsp;<br><\/li><li><strong>Share-based membership &#8211;<\/strong> DAO using this type of membership are still very open but have more permissions. Prospective members must submit a proposal to join the GAO. Typically an offering of something of value in the form of a token is necessary. Ownership and direct voting power are represented through shares. With their proportionate share of the treasure, members can leave at any time.&nbsp;<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/crypto-tokens-dao-2-1024x683.jpg\" alt=\"Types of DAO memberships\" class=\"wp-image-9745\" title=\"\" srcset=\"https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/crypto-tokens-dao-2-1024x683.jpg 1024w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/crypto-tokens-dao-2-300x200.jpg 300w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/crypto-tokens-dao-2-768x512.jpg 768w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/crypto-tokens-dao-2-1536x1024.jpg 1536w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/crypto-tokens-dao-2-2048x1365.jpg 2048w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/crypto-tokens-dao-2-280x187.jpg 280w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/crypto-tokens-dao-2-1170x780.jpg 1170w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">DAO vs Traditional Organizations<\/h2>\n\n\n\n<p>Here\u2019s a comparison between the structure of a DAO and a traditional organization:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>DAO<\/strong><\/h3>\n\n\n\n<p>Flat and fully democratized<\/p>\n\n\n\n<p>Voting by members required for changes<\/p>\n\n\n\n<p>Votes are tallied and the outcome is implemented automatically; no intermediary<\/p>\n\n\n\n<p>Activities are transparent and public<\/p>\n\n\n\n<p>Services offered are handled automatically and in a decentralized manner<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Traditional Organization<\/strong><\/h3>\n\n\n\n<p>Hierarchical<\/p>\n\n\n\n<p>Changes might be from a sole party or determined by a vote<\/p>\n\n\n\n<p>Votes are tallied internally when voting is allowed and the outcome of the vote is handled manually<\/p>\n\n\n\n<p>the Services offered require human handling or there\u2019s a centrally controlled automation<\/p>\n\n\n\n<p>Activities are limited from the public and generally private<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">History of DAO<\/h2>\n\n\n\n<p>DAOs have come into the news in recent times with the rise of <em>cryptocurrency, the blockchain, NFTs<\/em>, and other organized projects that started on the internet. The online community from Reddit bought shares of companies like Gamestop and AMC that inflated its stock price for weeks. In most cases, the goal of a DAO is to raise money for a specific goal.&nbsp;<\/p>\n\n\n\n<p>In the world of crypto, the DAO started as a great concept that was implemented into blockchain technology. Entities that are part of decentralized autonomous organizations operate through smart contracts.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Creation of The DAO<\/h2>\n\n\n\n<p>The Decentralized Autonomous Organization (The DAO) started in May of 2016.&nbsp;<\/p>\n\n\n\n<p>A few members of the Ethereum communication announced the inception of The DAO. It was intended to operate similarly to a <a href=\"https:\/\/maccelerator.la\/en\/blog\/venture-capital\/how-ai-will-change-venture-capital-investments-a-look-into-the-future\/\">venture capital<\/a> fund except it was a party of the decentralized and crypto space.&nbsp;<\/p>\n\n\n\n<p>In theory, its structure was intended to reduce costs, while providing more control and access to investors through its lack of a central authority. The DAO eventually became known as Genesis DAO and was built on the Ethereum blockchain as a smart contract.&nbsp;<\/p>\n\n\n\n<p>During what was called the \u201ccreation period\u201d, anyone could send Ether to a unique wallet address in exchange for DAO tokens. These tokens were based on a 1-100 <a href=\"https:\/\/maccelerator.la\/en\/blog\/investors\/an-investors-guide-on-how-to-scale-by-10x-key-indicators-and-strategies\/\">scale<\/a>. During this creation period, The DAO gathered 12.7 Ether which was equivalent to $150 million.&nbsp;<\/p>\n\n\n\n<p>The platform allowed anyone to pitch their idea to the community to potentially receive funding. Individuals with DAO tokens could vote on proposed plans. If the project was profitable, they would be rewarded. It appeared to be a very successful endeavor until June 2016.<\/p>\n\n\n\n<p>A loophole in the coding that a hacker found allowed him to take funds from The DAO. About 3.6 million Ether was stolen (equal to $70 million at that time). The hacker was able to steal the funds by \u201casking\u201d the smart contract to give the Ether back several times before its balance could update.&nbsp;<\/p>\n\n\n\n<p>Coders who created the DAO smart contract didn\u2019t take into consideration a recursive call and that smart contracts sent ETH funds first before updating the internal token balance. It was the flow of coding that opened the opportunity for the hack.&nbsp;<\/p>\n\n\n\n<p>Fortunately, the funds were subject to a 28-day holding period. The hacked funds were sent to an account that was available to the original owners. The token owners were offered the same rate they were given during the initial offering of 1 ETH to 100 DAO tokens.<\/p>\n\n\n\n<p>The hack was the key reason for the ultimate fall of The DAO. Poloniex, a cryptocurrency exchange, delisted DAO tokens in 2016, with Kraken following suit shortly after. The United States Securities and Exchange Commission (SEC) released a report in July 2017 that essentially said that The Doa\u2019s offerings were subject to the same regulatory principles of companies that start the process of initial public offerings.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/What-is-DAO-in-Crypto-1024x576.jpg\" alt=\"Creation of The DAO\" class=\"wp-image-9743\" title=\"\" srcset=\"https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/What-is-DAO-in-Crypto-1024x576.jpg 1024w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/What-is-DAO-in-Crypto-300x169.jpg 300w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/What-is-DAO-in-Crypto-768x432.jpg 768w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/What-is-DAO-in-Crypto-1536x864.jpg 1536w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/What-is-DAO-in-Crypto-2048x1152.jpg 2048w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/What-is-DAO-in-Crypto-280x158.jpg 280w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/What-is-DAO-in-Crypto-1170x658.jpg 1170w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Impact of The DAO<\/h2>\n\n\n\n<p>Despite The DAO project becoming defunct, it continues to impact the cryptocurrency space. The DAO\u2019s fate made it clear how important it was for blockchain development teams to establish secure platforms. Blockchain startups are also now using inventive ways to avoid federal regulation and security registration.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">DAO Examples<\/h2>\n\n\n\n<p>Before diving into examples of DAOs in crypto, let\u2019s talk about a few more mainstream use cases. A charity is one such example. A charity organization is one where you can accept memberships and donations from people around the world. The group can also decide how to spend those donations.&nbsp;<\/p>\n\n\n\n<p>Another example is found with ventures and grants. Venture funds pools investment capital and investors can vote on what ventures to back. Profits and repayment is later distributed to the members. Now let\u2019s talk about DAOs in the crypto space:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">MolochDAO<\/h3>\n\n\n\n<p>This DAO focuses on funding Ethereum projects. It is self-organized and helps develop public infrastructure for ETH 2.0. It&#8217;s simple, open-source framework provides it with good security (fewer bugs), usability, and extensibility.&nbsp;<\/p>\n\n\n\n<p>The <a href=\"https:\/\/medium.com\/raid-guild\/moloch-evolved-v2-primer-25c9cdeab455\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">first Moloch DAO<\/a> was summoned on February 14, 2019. To date, it has funded over 20 critical Ethereum infrastructure grants that total nearly $300,000. Moloch uses a Minimum Viable DAO design, which helped popularize it.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">MakerDAO<\/h3>\n\n\n\n<p>MakerDAO develops technology on the Ethereum blockchain that supports borrowing, savings, and a stable cryptocurrency. MKR, which is MakerDAO\u2019s token, is widely available on decentralized exchanges. Anyone who buys its tokens is given voting power on the Maker protocol\u2019s future.&nbsp;<\/p>\n\n\n\n<p>Made up of smart contract service, MakerDAO manages borrowing and lending. It regulates the value of loans using MKR and DAI (its other currency). MakerDAO essentially cuts out the middle man when it comes to traditional lending through financial institutions). It\u2019s part of the movement known as decentralized finance (DeFi).&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Spice DAO<\/h3>\n\n\n\n<p>This decentralized autonomous organization was founded by Soban \u201cSoby\u201d Saquib along with a group of other crypto enthusiasts. In 2021, it raised almost <a href=\"https:\/\/www.theverge.com\/2022\/2\/28\/22950868\/spice-dao-crypto-jodorowsky-dune-bible-collective-writing-contest\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">$12 million in cryptocurrency<\/a>. Similar to many other DAOs, Spice DAO is largely organized on a Discord server.&nbsp;<\/p>\n\n\n\n<p>Four team members manage its server. Periodically, the group puts community votes on Snapshot where members can pledge tokens, called $Speice toward an answer. Spice DAO gained its notoriety when it bought a Duen script bible for $3 million.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Benefits of DAO<\/h2>\n\n\n\n<p>If you\u2019re looking to start an organization with others, you must have a lot of trust in those people you\u2019ll be working with. This is especially true when it involves funding and money. Here are a few of the reasons why DAOs are a beneficial way to structure an organization<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Takes Control out of a Small Group of People<\/h3>\n\n\n\n<p>In traditional business models, businesses are controlled by a small group of people. In some cases, it might even be one person that controls it. There are many problems with this approach. The biggest disadvantage is that the views and accounts of all members of the organization aren\u2019t taken into consideration. A DAO structure enables everyone\u2019s opinion to be heard.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Increased Transparency<\/h3>\n\n\n\n<p>A DAO is a decentralized governance structure that gets rid of managerial staff through system automation. That saves money on potential salaries. The work that\u2019s accomplished is fast due to automation. You don\u2019t have to wait for an employee to process an application to learn key information for a step.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Driven by the Community<\/h3>\n\n\n\n<p>DAOS makes it easy for communities across the world to connect and share in a vision. As long as you have governance tokens and internet access, you can participate in building the next chapter of <a href=\"https:\/\/maccelerator.la\/en\/web3-program\/\">Web3<\/a>. Participating in a DAO is much like owning a stock in a company. You have a sense of ownership while having the possibility of financial rewards.<\/p>\n\n\n\n<p>Participants have \u201cSkin in the game\u201d<\/p>\n\n\n\n<p>Each participant has \u201cskin in the game\u201d which helps ensure that votes are thoughtful. When DAOs use governance tokens, users must spend their tokens to cast votes. Essentially, governance tokens empower users with the ability to affect the DAO\u2019s future.&nbsp;<\/p>\n\n\n\n<p>Additionally, votes on the blockchain are public. That means when a user votes they are putting their reputation out there for the public to see.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Opportunities of DAO<\/h2>\n\n\n\n<p>Implementing a DAO structure has many great benefits. It also comes with some disadvantages as we can see from its history. Below are some of the disadvantages to be aware of.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Security isn\u2019t Guaranteed<\/h3>\n\n\n\n<p>When a DAO makes a mistake in the code, that could lead to huge losses. Nowhere is this more clear than with the case of The DAO in 2016. When hackers found a vulnerability in the code, they almost got away with a large portion of its funds. In the end, developers can\u2019t guarantee that a DAO is completely secure and <a href=\"https:\/\/maccelerator.la\/en\/blog\/fundraising\/navigating-safe-fundraising-current-trends-and-insights-in-the-startup-landscape\/\">safe<\/a> from potential hacks.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Majority Rules<\/h3>\n\n\n\n<p>DAOs are structured so that the opinion of the majority is the winner. This structure does reduce the chance of collusion with the public. However, that does not mean that this <a href=\"https:\/\/maccelerator.la\/en\/blog\/investments\/strategies-for-mitigating-risk-in-a-startup\/\">risk<\/a> is completely eliminated.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Project decisions can sometimes take a while<\/h3>\n\n\n\n<p>Votes can\u2019t always be collected quickly as you would expect through the system. Additionally, some critics argue that decentralized autonomous organizations are \u201cdehumanized\u201d. Critical thinking is not part of the logic of automated systems. Hence for unique situations or a crisis, the system\u2019s ability to properly manage the project.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/dao-crypto-blockchain-1024x683.jpg\" alt=\"Opportunities of DAO\" class=\"wp-image-9741\" title=\"\" srcset=\"https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/dao-crypto-blockchain-1024x683.jpg 1024w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/dao-crypto-blockchain-300x200.jpg 300w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/dao-crypto-blockchain-768x512.jpg 768w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/dao-crypto-blockchain-280x187.jpg 280w, https:\/\/maccelerator.la\/wp-content\/uploads\/2022\/05\/dao-crypto-blockchain-1170x780.jpg 1170w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Future Impact of DAOs<\/h2>\n\n\n\n<p>The first fully functional DAO is typically considered to be BItcoin. It had its programmed rules, functioned autonomously, and used a consensual protocol to coordinate. However as we\u2019ve seen with The DAO example, there are certain issues associated with using a DAO platform.&nbsp;<\/p>\n\n\n\n<p>We\u2019ve experienced a renewed interest in DAOs with the <a href=\"https:\/\/maccelerator.la\/en\/blog\/investors\/the-growth-rates-investors-expect-a-deep-dive\/\">growth<\/a> in popularity of Decentralized Finance (DeFi) and non-fungible tokens. DAOs are used for many different purposes including investments, fundraising, borrowing, charity, and buying NFTs. These activities all occur without the need for a trusted intermediary.&nbsp;<\/p>\n\n\n\n<p>Jenny DAO purchased its <a href=\"https:\/\/www.forbes.com\/sites\/cathyhackl\/2021\/06\/01\/what-are-daos-and-why-you-should-pay-attention\/?sh=4d0f2b887305\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">first NFT in May 202<\/a>1. It was an original song created by 3LAU and Steve Aoki. Jenny DAO provides fractional ownership to NFTs. Many creators are using DAOs to engage with consumers. With the coming of the metaverse, DAOs seem poised to continue their growth in the future.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to Get Involved<\/h2>\n\n\n\n<p>Getting involved with a DAO when you\u2019re new to the concept takes a little bit of homework. If you\u2019re interested in joining a DAO, below are some guidelines on how to get started.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Determine your goals<\/strong> &#8211; The DAO that you join should meet your personal passions and expertise. These organizations are very mission-driven. Thus, take some time to reflect on what is important to you.<br><\/li><li><strong>Search for a DAO that aligns with your goals<\/strong> &#8211; There is a diverse number of DAOs out there. Look for ones that fit into your ideals and passions. The majority of DAOs have a charter or mission statement that explains what their goals, guidelines, etc. are.&nbsp;<br><\/li><li><strong>Join a community<\/strong> &#8211; The DAO\u2019s culture is better understood by participating in the community. Most DAOs have a Discord that you can join and get into conversations to get a better sense of the community.&nbsp;<br><\/li><li><strong>Participate<\/strong> &#8211; Developers aren\u2019t the only ones with skill sets that can contribute. Review the community\u2019s needs and governance and evaluate your abilities to get involved accordingly.&nbsp;<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>A decentralized autonomous organization (DAO) in crypto is a way of bringing together people and their interest in using the internet for the blockchain. DAOs are owned collectively and their members handle its management. <\/p>\n","protected":false},"author":14,"featured_media":9739,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1306],"tags":[],"class_list":["post-9733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"_links":{"self":[{"href":"https:\/\/maccelerator.la\/en\/wp-json\/wp\/v2\/posts\/9733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maccelerator.la\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maccelerator.la\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maccelerator.la\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/maccelerator.la\/en\/wp-json\/wp\/v2\/comments?post=9733"}],"version-history":[{"count":0,"href":"https:\/\/maccelerator.la\/en\/wp-json\/wp\/v2\/posts\/9733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/maccelerator.la\/en\/wp-json\/wp\/v2\/media\/9739"}],"wp:attachment":[{"href":"https:\/\/maccelerator.la\/en\/wp-json\/wp\/v2\/media?parent=9733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maccelerator.la\/en\/wp-json\/wp\/v2\/categories?post=9733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maccelerator.la\/en\/wp-json\/wp\/v2\/tags?post=9733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}