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Victoria, Seychelles, Jan. 30, 2024, Chainwire
Bitget, a cryptocurrency exchange and web3 company, is adding API3 (API3) to its Innovation Zone and DeFi Zone. This move further demonstrates its commitment to providing opportunities for its users.
This strategic move also points to Bitget’s dedication to supporting the development of various blockchains and ecosystems while expanding its market offerings.
API3 addresses a vital issue in the blockchain industry: enabling smart contracts to access real-world data seamlessly and reliably.
The platform seeks to facilitate the creation, management, and monetization of decentralized APIs on a large scale.
As blockchain technology expands into diverse sectors, including decentralized finance and supply chain management, the importance of smart contracts accessing accurate and up-to-date real-world data has grown significantly.
In its September 2020 whitepaper, API3 highlighted a fundamental flaw in current APIs: connectivity.
Currently, smart contracts lack a direct connection to APIs for real-time data access, driving demand for oracles.
Gracy Chen, managing director of Bitget said:
“Bitget seeks a good way to support the development of different blockchains and ecosystems. This project showcases the innovative potential and support for the crypto ecosystem, aligning with our commitment to offering our users access to cutting-edge projects. We aim to create a Spot Market with rich choices and excellent quality projects.”
Bitget, a cryptocurrency exchange, has been expanding its reach and offerings in recent years.
The platform offers spot and derivatives trading, providing a diverse range of digital assets and supporting over 30 blockchain networks.
Bitget Wallet accommodates over 100 mainnets and 250,000+ tokens, enabling seamless cross-chain trading through its Bitget Swap function.
About Bitget
Established in 2018, Bitget is a cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its copy trading feature and other trading solutions.
Formerly known as BitKeep, Bitget Wallet is a multi-chain crypto wallet that offers web3 solutions and features including wallet functionality, swap, NFT marketplace, dapp browser, and more.
Bitget inspires individuals to embrace crypto through collaborations with partners, including Argentinian footballer Lionel Messi and official eSports events organizer PGL.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
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