DWF Labs Leads $4 Million Token Financing as Oracle API3 Achieves Funding Milestone

API3, a decentralized oracle project, has announced the completion of a $4 million token financing round. The investment was led by DWF Labs, with participation from Spartan Group, Laser Digital (a subsidiary of Nomura Securities), and Caladan (formerly AlphaLab). The funds raised in this round will primarily be used for the launch of the OEV mainnet, further integration of decentralized applications (DApps) with blockchain networks, and continued development and promotion of API3 services. API3 revealed that it sold 1,423,500 API3 tokens at an average price of $2.81 in this financing round, with a structure arrangement of 12-month linear unlocking and 6-month lock-up for the sold tokens.