The API3 Alliance: 125+ API Providers on Web3 via Airnode

In an exciting step towards the realization of Web3 and blockchain’s potential, API3 is happy to announce the API3 Alliance. With an initial 125+ API providers as part of the alliance, the foundation has been laid to see the development of a new kind of internet, new business models, and new applications that were not possible before the bridging of the digital world with blockchain.

At the center of its interactions with the APIs in the API3 Alliance is Airnode. Airnode is the serverless utility that allows API providers to effortlessly create first-party oracles that bring all forms of API-delivered data and services to Web3 applications and form an essential bridge between blockchain and the rest of the digital world.

The API3 Alliance represents the first incarnation of the burgeoning community of API providers utilizing API3’s Airnode oracle middleware to offer services, which, already proven on the traditional web, can now be made accessible to the decentralized Web3 ecosystem at scale.

The API3 ecosystem will be managed at scale by the newly formed API3 decentralized autonomous organization (DAO), which will maintain a self-regulating balance of risk and reward through well-engineered, value-added services built on top of APIs — such as quantifiable security guarantees on data feeds aggregated from independent sources, known as decentralized APIs (dAPIs).

API3 DAO’s governing members will vote to ensure the API3 Alliance and API3’s unique procedures are not limited by their initial designs, so that new challenges and needs are met as the space continually evolves.

API3 will put maximum effort behind the API3 Alliance partners, and are confident that they will succeed in connecting their services to the growing Web3 market. At a time when the importance of APIs in the digital world has never been greater, API3 is enabling the Web3 API economy and building the open infrastructure for decentralized applications.

Moving forward, the API3 Alliance will continue to grow as additional providers hosting APIs use API3 to enable their web offerings on the blockchain.

To learn more about the API3 Alliance, please visit the API3 Alliance page.