API3 Research Hub | API3 information, history and analysis

API3 is a decentralized autonomous organization (DAO) which aims to build and monetize a way for blockchains to connect with existing data provider APIs. API3 is a platform that enables blockchain-based decentralized applications (dApps) to access blockchain-external, real-world data and services via application programming interfaces (APIs). API3’s goal is to become a portal that connects APIs and real-world data feeds to Web 3.0. By using the First-party oracle mechanism, API3 is able to ensure the security, efficiency and transparency of the data source while eliminating the need for rent-seeking middlemen.

API3 is a native token of the API3 ecosystem, operating on Ethereum according to ERC20 standard, and can be used to: 

• Users stake API3 to receive API3 revenue.
• Users hold API3 to participate in the governance process and vote on decisions related to API3 features.