Traditionally, API providers have been forced to either build their own facilities or pay external oracle operators to implement the middleware necessary to make their data and services compatible with the blockchain. However, leading first-party oracle solution API3 is breaking the mold and offering necessary tools and individualized support to our growing community of Alliance members — already over 100 strong — to go directly to the consumers of our APIs on Web3.
This exciting endeavor is made possible under the close guidance of API3’s expert team, who will help Alliance members reach previously unattainable Web3 consumers and dApps. Not only will this collaboration benefit our business, but it will play a major role in creating the Web3 API economy and building the open infrastructure for decentralized applications. API3 DAO’s governing members will vote to ensure the API Alliance and API3’s unique procedures are not limited by their initial designs, and that they evolve to meet new challenges and needs.
sanctions.io will utilize API3’s serverless Airnode to easily create first-party oracles used to bring our functionality to Web3 applications. Invented by API3, Airnode effectively forms a bridge between blockchain and the rest of the digital world.
We are extremely excited to embark on this journey and will keep our valuable partners and customers updated on the progress. For more information, please see the official API3 Alliance press release.