$3 million in seed funds raised for decentralized API network API3

API3, which is developing a network for decentralized application programming interfaces, or APIs, has raised $3 million in seed funding, according to a Thursday announcement.

The seed round was led by Placeholder Capital, with participation from Accomplice, CoinFund, Digital Currency Group, Hashed and Pantera Capital. API3 sold 10 million of its tokens to the funds, which will vest over a two-year period, per API3's statement.

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