Join Our Mailing List
Tuesday January 31, 2023
Bitcoin (BTC) $23,171.21   Ethereum (ETH) $1,598.11
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Networks & Protocols

Decentralized oracle solution API3 forms coalition of 125+ blockchain API providers

Original first-party blockchain oracle solution offers API providers an effortless gateway to providing data and services to the next generation of decentralized applications...

Published by CryptoNinjas.net
08/10/2021
Decentralized oracle solution API3 forms coalition of 125+ blockchain API providers

API3, a “first-party oracle” solution empowering data providers to offer their APIs directly to Web3 applications, today launched its API3 Alliance.

The API3 Alliance represents a strategic coalition of API providers who believe that they should be able to share the same data and services they currently offer to web applications directly to Web3 consumers.

Traditionally, APIs have been either forced to build their own facilities or pay external oracle operators to implement the middleware necessary to make their data and services compatible with blockchain. However, API3 offers the tools and individualized support to this growing community.

Airnode Architecture

At the center of its interactions with the providers in this new Alliance stands API3’s Airnode architecture, a serverless utility invented by API3. Airnode enables API providers to create first-party oracles; allowing them to bring all forms of API-delivered data and services to Web3 apps.

Unlike existing oracle solutions that focus on third-party node operators linking APIs and the blockchain, API3 empowers API providers themselves to “be the oracles” and reap the full rewards of offering API-delivered data and services directly to blockchain applications.

“The API3 Alliance represents the first incarnation of the burgeoning community of API providers utilizing API3’s Airnode oracle middleware to offer services to the decentralized Web3 ecosystem at scale. We have always placed APIs at the heart of our operation; and we are thrilled to be collaborating with so many diverse and reputable API providers.”
– Heikki Vänttinen, Co-Founder of API3

To support API3 Alliance members, API3’s experts will assist these API providers in reaching Web3 consumers; and integrating with new decentralized applications (dApps) that use their functions. API3 will work with dApp developers to merge novel API-delivered off-chain data and services into their apps.

At its inception, the API3 Alliance includes:

  • FTX
  • Benzinga
  • Kaiko
  • Finage
  • World Weather Online
  • Zabo
  • Deribit
  • Data Sports Group
  • 1forge
  • Alameda Research
  • Ex Machina
  • Coinranking
  • Algoseek
  • Wikiroutes
  • dxFeed
  • Finnhub

The API3 Alliance is managed by API3’s decentralized autonomous organization (DAO). The DAO will maintain a self-regulating balance of risk and reward through value-added services built on top of APIs. For example, this includes quantifiable security guarantees in the form of insurance; plus data feeds aggregated from independent sources known as decentralized APIs (dAPIs).

In addition, API3 DAO’s governing members will vote to ensure the API3 Alliance and API3’s procedures are not limited by their initial designs; and that they evolve to meet new challenges and needs.

222
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Source: API3.org/alliance

Related News

API3 dAPIs are now available on BNB Chain, RSK, Polygon, and Avalanche

07/20/2022
API3 dAPIs are now available on BNB Chain, RSK, Polygon, and Avalanche

API3, a first-party blockchain oracle, today announced the availability of dAPIs on, BNB Chain, RSK, Polygon, and Avalanche to deliver high-quality cryptocurrency data to smart contracts on those platforms. The Airnode providing the data...

Read more

ChainAPI rolls out Airnode integration service to enable no-code web3 deployment for data providers

06/21/2022
ChainAPI rolls out Airnode integration service to enable no-code web3 deployment for data providers

ChainAPI, a value-add service to first-party blockchain oracle solution API3’s Airnode, today announced the launch of its no-code Airnode integration service enabling API providers to seamlessly self-integrate and deploy first-party oracles within the broader...

Read more

API3 to deliver first-party oracles to the Metis L2 rollup ecosystem

03/28/2022
API3 to deliver first-party oracles to the Metis L2 rollup ecosystem

API3, a first-party oracle solution that makes real-world data accessible by smart contracts, has announced its latest partnership and integration with Metis, a layer-2 protocol for decentralized apps. Now, API3 will be making the...

Read more

Blockchain oracle platform API3 set to launch new solution with crypto data provider Amberdata

01/19/2022
Blockchain oracle platform API3 set to launch new solution with crypto data provider Amberdata

API3, a first-party blockchain oracle solution providing a seamless Web3 wrapper that enables API providers to offer their data directly on-chain, is set to launch its new solution: Amberdata Beacons, in partnership with crypto-asset...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy