According to Foresight News, API3, a decentralized Web3 oracle, has announced a strategic shift in its network development towards Arbitrum Orbit. The move is aimed at recapturing the oracle extractable value (OEV) of loan protocols.
API3 is known for its decentralized nature and is a key player in the Web3 space. The shift towards Arbitrum Orbit is seen as a strategic move to enhance its capabilities and increase its value in the market. The company aims to recapture the oracle extractable value (OEV) of loan protocols, which is a significant aspect of its operations.
The strategic shift is expected to bring about significant changes in the company's operations and its position in the market. However, the specific details of the changes and the expected impact on the company's operations are yet to be disclosed. The announcement has sparked interest in the industry, with many keen to see how the shift will affect the company's future.
