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API3 is a platform launched in December 2020 that enables blockchain-based decentralized applications (dApps) to access the world’s data and services via standard APIs.
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Also, API3 is the native utility token of the platform, which as a matter of fact can be used for a variety of purposes like being used to govern the API3 DAO (decentralized autonomous organization as well as vote on project upgrades.
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API3 is the Chainlink Killer, yet is not its competitor. Both are equally favorable and true, depending on the interpretation. Then, the way to ride this beast is interpreting it, rather than.
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API3 is leading the movement from legacy third-party oracle networks to first-party oracle solutions that deliver more security, efficiency, regulatory compliance, and simplicity. API3 Partners API3 Investors API3 Features Build with API3 Become a Data Provider Sign up for mailing list
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API3 The Web3 API Economy
What is API3? In order to get a grasp on the concept of what API3 is doing we first have to understand what the API itself does. The acronym API stands for Application Programming Interface, and it is a well documented protocol that enables the transfer of data and services.
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API3 is a platform launched in December 2020 that enables blockchain-based decentralized applications (dApps) to access the world’s data and services via standard APIs.
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Basically, API3 is a platform that seeks out to solve a problem that has arisen, which is that most APIs are built for the legacy ecosystem of data, financial services as well as centralized applications and are not natively compatible with the world of decentralized applications as well as blockchains.
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Launched in September 2020, API3 is a decentralized API (dAPI) that is compatible with smart contracts and enables exchange through secure, low-cost, and efficient first-party oracle solutions. API3 trades at $5.85 per token with a capped supply of 100 million and a total market cap of $219 million.
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