Why smart contracts are useless and how to fix that It’s a bold claim that smart contracts are useless, so let me start off by justifying it with a thought experiment, the crypto rapture: Imagine that one day all blockchain technology and knowledge suddenly vanished, and whatever funds people had…

We have released Airnode v0.5, which implements all remaining requirements for Beacons. We’re continuing having our contracts audited in a rolling fashion, and a new preliminary report verifies (for the fourth time) that the v0 protocol contracts do not contain any unintended vulnerabilities. Accordingly, you can expect a v0.6 release…

As discussed in the whitepaper, the goal of API3 is to “build, manage and monetize dAPIs at scale”. In this regard, all of the development that we’ve been doing is because the existing tools fall short of being able to support dAPIs as we envision them. …

We were at ETHDenver and it was glorious! We used this opportunity to showcase Amberdata Beacons, which were received with a lot of enthusiasm and approval. It was encouraging to see that potential users found first-party oracles to make a lot of sense, and gaining widespread adoption is only a…

As explained in the December report, the core technical team carefully started expanding its efforts towards building products that utilize Airnode, in addition to building Airnode itself. Beacons are the first of such oracle primitives, yet “building Beacons” doesn’t say much because a Beacon is an abstract product, and is…

As promised in the November report, we released Airnode v0.3 on December 7th. We started working on v0.4, which is largely focused on revising how the requests are handled to: Enable unlimited scaling (to the point that the cloud provider allows) and chain-specific provisioning of concurrency, which will allow a…

Just an idea that came to my mind. I’m not planning to work on it, so do steal. Typically, an NFT is a digest of the content it’s meant to represent. For example, one can host an image on IPFS, mint an NFT on the blockchain and associate it with…

We do two things at API3: Build the tooling that will make Web APIs available to smart contracts in the form of first-party oracles. This is not limited to integration, but also productization and monetization. Foster an API-first oracle ecosystem to break through the chicken-and-egg problem that is common in…

We have been working on Airnode v0.3 during November and you can expect it to be released in the following days. We had two main objectives for this release: Allow the requester to specify an arbitrary single-level object to be returned (instead of a single point of data) Support Google…