API3 is a blockchain project aimed at providing decentralized and trust-minimized APIs, known as dAPIs. These dAPIs get their data directly from the source without relying on third-party middlemen. The dAPI aggregation contract resides on the same chain as the consumer dApp, maximizing the reliability and transparency of the feeds, and resulting in safer DeFi for everyone.
Here are some key features of API3:
Ontology Web3 Network (OWN) Infrastructure: API3 has developed a series of blockchain-based protocols and products for Web3 applications, including VBFT Consensus Mechanism, Multi-VM Support, and Layer2 Solution.
ONT ID: API3 envisions a future where your identity and data are protected through encryption. ONT ID helps in protecting your identity and data from malicious actors.
ONTO Wallet: This is a cross-chain wallet where you can manage your digital identity, data, and assets. It comes natively equipped with ONT ID ensuring your data is completely protected through encryption and controlled by you.
Orange Protocol: API3 aims to put digital reputations back in the hands of the users, builders, and developers. The Orange protocol enables developers to incorporate reputation into dApps, projects, and communities.
API3 for Developers: API3 builds solutions that bridge the gap between off-chain data and on-chain applications with maximal security and minimal latency. They offer data feeds, QRNG, and Web3 APIs services.
API3 for Data Providers: API3 offers tools like Airnode and ChainAPI that enable API providers to connect their data to decentralized applications running on various blockchains.
API3 DAO: API3 is decentrally governed by its token holders through an on-chain voting mechanism, powered by the API3 token. They provide a DAO Dashboard and DAO Tracker for users to view and generate proposals, stake API3, and vote on proposals.
For more information or to get started with API3, you can visit the API3 website.