Crypto Startup Wants to Break Chainlink’s Grip on Oracle Market

API3 wants to be the next big thing in providing off-chain data. Can it compete with Chainlink? API3 raised $3 million in a seed funding round led by VC firm Placeholder. It will use DAO-governed open-source software to provide blockchain-based applications with real-world data. API3 plans to lower the cost of oracle data by removing the network of middlemen used by other data providers like Chainlink.
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