API3 connects decentralized applications with data and services offered by traditional Web APIs, thereby expanding the applicability of the blockchain without sacrificing decentralization. This will be achieved by dAPIs—fully decentralized and blockchain-native APIs—which will be set up, managed, and monetized at scale by the API3 DAO – a Decentralized Autonomous Organization which allows all stakeholders to participate in the governance of the project directly. This is achieved through the API3 token, which will grant voting power in the API3 DAO.
