API3's goal is to enable APIs to meet the needs of Web 3.0 decentralization without the use of third-party intermediaries. API3 does this through dAPI, which API3 says is a fully decentralized blockchain-native API that is built, managed, secured and for-profit by the API3 DAO.API3 is a data prediction machine that enables APIs to provide data directly to blockchain applications without the need for third-party intermediaries.API3 is the project''''s native token. current use cases for API3 include:Insurance collateral pool: API3 collateralists provide security insurance to Prophecy Machine users to protect against potential financial loss due to Prophecy Machine failure. The mortgagee will be able to receive a mortgage reward paid in API3 tokens.Governance: API3 holders can propose and vote on governance proposals