Oracle API3 completes $4 million token financing, led by DWF Labs

Decentralized oracle API3 announced the completion of a $4 million token financing round led by DWF Labs, with participation from Spartan Group, Nomura subsidiary Laser Digital, and Caladan (formerly AlphaLab). This round of financing will primarily be used for the launch of the OEV network mainnet, the further integration of decentralized applications (DApps) and blockchain networks, and the continued development and promotion of API3 services.
API3 said that in this round of token financing, API3 sold 1,423,500 API3 tokens at an average price of 2.81 USDC. The tokens sold will be structured with a 12-month linear unlock and a 6-month lock-up.