API3 to Hold AMA on X on December 6th
API3 will host an AMA on X on December 6th, focusing on the data infrastructure that supports on-chain finance.
Refer to the official tweet by API3:
API3@API3DAODis 04, 2023Join us with @BuildOnBase, @KaikoData, & @fxdxdex for a Spaces on Dec 6.
We will be doing a deep dive into the data infrastructure that underpins onchain finance with those building it.https://t.co/pq2gHGVeND pic.twitter.com/HereZAUMxz
API3 Info
API3 is a project that focuses on delivering traditional dAPI services for Web3 applications. The project is governed by a decentralized autonomous organization DDAO, specifically the API3 DAO.
Traditional API services are centralized, meaning they are owned and controlled by individual companies or organizations. This creates a range of issues in terms of transparency, security, and reliability. API3 addresses these problems by offering fully decentralized APIs.
The API3 token is used within the project's ecosystem as a means to incentivize network participants, including node operators and developers, to engage in voting and DAO governance.