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  "text": "Eight distinct legal-wrapper structures appear across the forty DAOs, and the purpose-built Wyoming DAO LLC has been adopted by only one, a striking under-utilization of available statutory infrastructure.",
  "author": {
    "@type": "Person",
    "name": "Wulf A. Kaal",
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  "citation": "Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121",
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  "abstract": "The Wyoming DAO LLC, despite being a purpose-built statute, has been adopted by only one DAO in the entire forty-DAO sample. This is a striking under-utilization of available statutory infrastructure.",
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