API3 is a blockchain project that aims to connect decentralized blockchain projects with the supply of data and services provided by Web APIs. The platform offers a range of solutions that target the API sector within the blockchain universe and seeks to build a collaborative decentralized network of APIs that are scalable. API3 offers a range of APIs across a diverse selection of categories. This includes AI and Machine Learning, Blockchain Analytics, Credit Scoring and Lending, Digital Identity, E-sports as well as many others. The project offers incentives for its network participants in the way of token rewards, network governance participation, security, and API3 token utility.

What are API3’s key features and how does it work?

As mentioned, the API3 platform offers a range of solutions. This includes dedicated Web3 APIs, Beacons, dAPIs, and Airnodes. Web3 APIs are APIs geared towards the growing Web3 trend. Some examples of APIs include:

Beacons are lightweight data feeds. Smart contracts can be used by developers to connect Web3 applications to off-chain streams of data. Data could comprise stock prices or the price of cryptocurrencies. In this manner, beacons increase the transparency of data access for Web3 needs, as well as reduce overall costs.

dAPIs are on-chain data feeds. dAPIs are decentrally governed, often via DAOs. They are built by API provider-operated oracles and do not rely on third parties for operation. Token holders can take part in governance decisions by staking the API3 token. dAPIs also function as a cross-platform solution since they can be connected to any blockchain.

Airnode operates as a Web3 API Gateway. The technology operates as an intermediary organ that connects any web API directly to any blockchain application. Airnode is serverless and does not require maintenance. Some of its other benefits include zero trust, effortless operation, and the ability to expand into Web3 with minimal friction. Furthermore, Airnode is open source meaning that businesses can have total control over the API-Blockchain connection.

Where can you buy API3?

API3 is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, OKX, and Gate.io. The price of API3 will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for API3 market price, please view the price charts on this page.