Decentralized API network for data providers
API3 is developing a decentralized API to enable decentralized data oracles. Dubbed as the “Chainlink killer” by many, API3 is creating a protocol that allows data providers to participate in providing data for blockchain oracles with ease. API3 was founded in 2020 and legally known as The API3 Foundation Company Limited. Its headquarter is located in Grand Cayman, Cayman Islands.
The company raised around $3m on its initial funding that was finished on November 12th. Key investors are participating in the seed round, including but not limited to Digital Currency Group, Raystone Capital, Block00, Solidity Ventures, Pantera Capital, and so on.