API3 and Matic are pleased to announce a partnership to explore how developers can use truly trustless external data to help grow the DeFi and NFT ecosystem on Matic. As part of this, we are happy to announce the first of a series of hackathons. These are devoted to showcasing the ease and benefits of using truly decentralized external data in dapps. and helping blockchains and scaling solutions highlight their technical strengths. The hackathon on Matic will be the first of these, and is planned to take place during ETH India, Jan 22nd to Feb 20th.
For the Matic hackathon, API3 will be providing support and data from two different Airnode-enabled APIs. These APIs will together cover crypto and traditional market data, commodities, and sports data. Bug bounties will be provided, as well as prizes for the winning dapps. More details about these, as well as more information about each API we are providing, will be released as the event nears.
About Matic
Matic is a developer-first hybrid POS+Plasma sidechain on top of Ethereum, enabling Ethereum developers to scale their dapps for large scale usage. Matic is rapidly becoming the go-to Layer 2 Solution for developers, thanks to secure, scalable and instant transactions, secured by Ethereum. There are 70+ dapps building on Matic, ranging from DeFi Protocols to thrilling games and prediction markets. Existing Ethereum dapps can be deployed on Matic in less than 15 minutes! Get started with the documentation here
About API3
Businesses offer a wide variety of services over APIs, ranging from providing asset price data to executing traditional financial transactions. It is critical for decentralized applications to be able to access the kind of services that APIs offer in order to interact with the real world, yet these APIs are not natively compatible with decentralized applications.
With API3, we aim for the concept of an API to take the next evolutionary step to meet the inevitably strict decentralization requirements of Web 3.0 without employing third-party intermediaries. This will be achieved by dAPIs — fully decentralized and blockchain-native APIs with quantifiable security — which will be set up, managed, and monetized at scale by the API3 DAO. Read our full whitepaper here.
API3 Links
Twitter — https://twitter.com/API3DAO
Telegram — https://t.me/API3DAO (Community Chat)
Keybase — https://keybase.io/team/api3 (Developer Chat)
Github — https://github.com/api3dao
Reddit — https://www.reddit.com/r/API3/
Medium — https://medium.com/api3
