/biz/ - Business & Finance

>>23144982
>I’ve read through this whole thread and I don’t quite get what’s going on. Can someone give a brainlet a quick rundown?
CLC group was a chainlink related company for aggregating API feeds, their public ICO was a failure so they went private funding
years later the project didn't work out for multiple reasons (not fully disclosed why) and has been quietly abandoned by the CLC group team
they've now started a new company called API3, where if you read their documentation, they're now passive aggressively calling the "oracle problem" the "api problem"
the issue I have with them is that they never publicly announced that they've abandoned CLC group and the reasons why they need a new company called API3 instead of just working on the problem at their old company (CLC/honeycomb)

after not delivering for years as CLC group, I am skeptical of them delivering as API3 and this looks like another cash grab attempt