From the outside, API3 can be seen as a collaborative project that aims to provide a variety of API services for smart contract platforms in a way that is not only based on transparency (i.e. decentralized), but also requires a minimum level of trust between its participants.
More specifically, the project is governed by a Decentralized Autonomous Organization (DAO) – also known as API3 DAO – which ensures that all of its coding data is available to developers in an open-source format, while maintaining a high level of operational transparency is maintained.
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