API3 Secures $4 Million Investment, Led by DWF Labs

IconCryptoNewsTerminal Staff29 May, 2024

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API3 Secures $4 Million Investment, Led by DWF Labs

API3, a decentralized oracle project, has secured an investment of $4 million in a funding round led by DWF Labs. The investment will be used to further develop API3's platform and expand its team. API3 is a decentralized oracle network that provides reliable and verifiable data to smart contracts on the blockchain. The project aims to address the challenges of data availability, reliability, and manipulation on the blockchain. The investment from DWF Labs will enable API3 to accelerate its development and bring its services to a wider audience. The project has already seen strong interest from the blockchain community, with several major projects already integrating its services. With this investment, API3 is poised to become a leading player in the decentralized oracle market. The project's commitment to providing reliable and verifiable data makes it an essential tool for smart contract developers and users alike.

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