Being the conglomerate consisting of many of the largest Vietnamese crypto communities, Kyros Ventures continues to be trusted by many international organizations. Thus, Kyros is excited to be bringing another reputable project into the national market, API3. API3 is a distributed endeavor to create solutions that serve the entire Web 3.0 ecosystem and everyone who would like to build externally connected decentralized applications within it.
API3 is a collaborative effort to build, manage and monetize decentralized APIs (dAPIs) at scale. dAPIs are blockchain-native, decentralized API services built by combining multiple provider-operated oracle nodes into aggregated data feeds, without the use of third parties. Furthermore, to achieve a system that is end-to-end decentralized, both dAPIs and the API3 project as a whole will have a completely open and direct governance model from the beginning, powered by the API3 token and the API3 DAO.
At the heart of the API3 value proposition is bridging the gap between traditional businesses off-chain (Web 2.0) and the ever-growing ecosystem of businesses and projects in the blockchain space (Web 3.0).
Recognizing the importance of the Web 3.0 development, Kyros and API3 share the same vision to create applications and infrastructure that enable developers, while at the same time, breakthrough to reach a more mainstream set of users. Kyros will be supporting API3 on educating users on this new advanced technology and looking forward to expanding API3 presence in Vietnam as the solution for the Web 3.0 revolution.
About Kyros Ventures
Kyros Ventures is the investment branch of Coin68 Media, the leading cryptocurrency entity in Vietnam. Specializing in incubation and investment, Kyros Ventures is the gateway for international cryptocurrency projects to enter the Vietnamese market, helping them to achieve greater awareness and adoption thanks to its extensive network of partners and communities.
For further information, please visit: https://blog.kyros.ventures
API3 builds decentrally governed and quantifiably secure data feeds that power Web 3.0 applications without employing third-party intermediaries. Powered by Airnode-enabled first-party oracles, API3’s dAPI’s are fully decentralized and blockchain-native APIs with quantifiable security.
For further information, please visit: https://api3.org