About Api3

API3 is a project focused on providing first-party oracles that facilitate the direct integration of real-world data into smart contracts. By utilizing its innovative approach, API3 aims to enhance the functionality and reliability of decentralized applications by ensuring that they can access accurate and timely information from external sources. This integration not only improves the performance of smart contracts but also addresses the issue of Oracle Extractable Value (OEV), allowing users to reclaim value that may have been lost in traditional oracle systems. The API3 Market serves as a platform where users can engage with these oracles, enabling them to earn rewards for their participation. By streamlining the process of data acquisition for decentralized applications, API3 positions itself as a key player in the evolving landscape of blockchain technology, promoting greater efficiency and value retention for developers and users alike.