API3 announced the completion of a new round of strategic financing, led by DWF Labs, with participation from Spartan Group, Laser Digital (Nomura) and Caladan. The financing was carried out through token distribution, raising 4 million USDC at a price of $2.81 per API3 token, of which DWF Labs contributed 2 million USDC. 50% of the tokens will be unlocked six months after the proposal is passed, and the remaining 50% will be unlocked linearly over the next six months. The funds are used to support API3's ongoing development, marketing efforts and business development plans.