API3, a provider of decentrally governed and quantifiably secure data feeds that power Web 3.0 apps, today announced its latest partnership with BlockBank, enabling BlockBank to use API3’s Airnode-enabled APIs and dAPIs (decentralized on-chain data feeds).
BlockBank offers easy access to DeFi dApps, tools, and tokens to generate yield, and has a fiat on/off-ramp. BlockBank also offers AI services, initially automatically gathering information for users that are relevant to their investments. BlockBank has exclusive access to Skael’s AI technology and will be developing and improving this for blockchain-based use cases.
API3’s catalog of Airnode-enabled APIs and dAPIs will be used to help train and improve the AI over time. As the AI improves, it will be able to fill other roles like suggesting investment strategies or enabling the creation of intelligent limit orders based on the predicted magnitude of market movements.
The combination of an easy on-ramp to DeFi, as well as AI-driven advice, should help people new to DeFi easily explore its possibilities. Working with API3 will ensure that BlockBank can take advantage of the variety of Airnode-enabled APIs to help train its AI; and also benefit from the fully decentralized, Sybil-resistant nature of API3’s dAPIs.
“Our strategic priority is to provide our users and devs with precise data, that is a core layer we are building on. This exciting and long-term partnership with API3 will enable BlockBank to receive extremely reliable, transparent and most important of all; decentralized data. In the very near future, our goal is to further strengthen decentralization as well as providing trustless data into our AI”
– Keldge D’Cruz, CEO of BlockBank.AI