Bitget Announces Listing of API3 in Innovation and DeFi Zones: Fostering a Reliable Connection Between Smart Contracts and Real-World Data

Chainwire Bitget Lists API3 (API3) on Innovation Zone and DeFi Zone, Demonstrating Dedication to Advancing Cutting-Edge Opportunities for Users Victoria, Seychelles - January 30th, 2024. The world's top cryptocurrency exchange and Web3 company, Chainwire Bitget, has announced the inclusion of API3 (API3) on its Innovation Zone and DeFi Zone. This move exemplifies Bitget's commitment to offering groundbreaking opportunities to its users, while also showing support for the growth and diversity of various blockchains and ecosystems. By doing so, Bitget is further solidifying its presence in the market.

Bitget has listed API3 (API3) in both the Innovation Zone and DeFi Zone on Blocking.net.

Victoria, Seychelles, January 30th, 2024 – Bitget, the world’s leading cryptocurrency exchange and Web3 company, is excited to announce the listing of API3 (API3) in its Innovation Zone and DeFi Zone. This strategic move by Bitget highlights its commitment to providing cutting-edge opportunities to users while supporting the development of diverse blockchains and ecosystems.

Enhancing Connectivity: API3 Addresses a Critical Challenge

API3 focuses on solving a critical challenge in the blockchain industry, which is the reliable and seamless access of smart contracts to essential real-world data. As blockchain technology becomes increasingly prevalent across various sectors, the need for smart contracts to deliver timely and dependable real-world data has become paramount. API3 aims to facilitate the creation, management, and monetization of decentralized versions of APIs on a large scale.

In its whitepaper released in September 2020, API3 shed light on the issue of connectivity. Currently, smart contracts lack a direct pathway to connect with APIs for the latest data, resulting in a growing demand for oracles.

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Gracy Chen, Managing Director of Bitget, states, “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’s Expansion and Commitment to User Choice

Bitget has consistently broadened its market reach in recent years, excelling in both spot and derivatives trading among centralized exchanges. The platform remains steadfast in fostering investment opportunities and enriching the diversity of digital assets in its spot market. In 2023 alone, Bitget introduced over 350 new listings, demonstrating its dedication to expanding user choices.

With Bitget Wallet accommodating over 100 mainnets and supporting a vast array of 250,000+ tokens, users have access to a wide range of digital assets. The platform’s on-chain trading function, Bitget Swap, enables seamless cross-chain trading across nearly 30 mainnets.

Q&A – Addressing Readers’ Concerns

Q: What is API3’s role in connecting smart contracts with real-world data?

A: API3 aims to solve the challenge of connectivity between smart contracts and real-world data. By facilitating the creation, management, and monetization of decentralized versions of APIs, API3 enables smart contracts to access timely and dependable real-world data seamlessly.

Q: How does Bitget support the development of different blockchains and ecosystems?

A: Bitget actively supports the development of diverse blockchains and ecosystems by listing innovative projects like API3. By offering users access to cutting-edge projects, Bitget contributes to the growth and advancement of the crypto ecosystem.

Q: How does Bitget ensure user choice and diversity in its spot market?

A: Bitget is committed to expanding user choices and enriching the diversity of digital assets in its spot market. In 2023, Bitget introduced over 350 new listings, demonstrating its dedication to broadening market options for users.

Looking Ahead: Embracing the Future of Blockchain

Bitget’s listing of API3 in its Innovation Zone and DeFi Zone is a testament to its forward-thinking approach and commitment to embracing the future of blockchain technology. By providing opportunities for users to engage with cutting-edge projects, Bitget continues to be a leading force in shaping the crypto ecosystem.

As blockchain technology continues to evolve and permeate various sectors, the demand for reliable oracles and seamless connectivity between smart contracts and real-world data will only increase. API3’s innovative solution and Bitget’s support will play vital roles in driving the industry forward.

Investment Recommendations

Based on the significant growth and potential of the blockchain industry, investing in projects like API3 can offer attractive opportunities. As always, it’s crucial to conduct thorough research and consider one’s financial goals and risk tolerance before making any investment decisions.

References:

1. Wormhole Reclaims $1B TVL from Hadera’s $408M Development Fund
2. Bitget’s Resilience and Growth Strategy in the Crypto Bear Market
3. 33% of Crypto Job Applicants Come from the Banking Industry, According to Bitget Report
4. Vaneck Announces $72 Million Bitcoin ETF Seeding: Two Tickers Appear on DTCC Website
5. Multichain CEO Resurfaces on Telegram as Investors Search for Answers
6. 10 Best Crypto Discord Groups/Servers to Join in 2024
7. Bitget Wallet – A World-Class Multi-Chain Crypto Wallet

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