Today, we’re thrilled to introduce Xyxyx API Keys — ERC-721 tokens that embed API key functionality into the upcoming Xyxyx API.

Xyxyx is pioneering a novel approach to API authentication by tokenizing API keys and leveraging blockchain technology. This method moves beyond traditional protocols like OAuth, offering permissionless, trustless, and decentralized access to the Xyxyx API.

Xyxyx API is a developer-friendly REST API designed for building text-based tokenization applications on the EVM. Built from the ground up by Xyxyx, the API introduce a unique, world-first technology that can be leveraged across various industries, including AI, finance, legal, and healthcare.

Introduction to Xyxyx API Keys

Xyxyx API Keys are ERC-721 tokens that integrate API key functionality within the Xyxyx API. Each API key is tokenized as an ERC-721 token.

The total supply of Xyxyx API Keys is capped at 1,000 tokens. These keys are fairly launched through a public event and can be freely traded on secondary markets.

We've designed the Xyxyx API's authentication system so that Xyxyx API Keys can be clustered. This means that multiple keys held by a single address will aggregate their respective call limits, enabling greater API throughput. For example, an address holding two Xyxyx API Keys will receive 2x the API calls per 24-hour period, three keys provide 3x calls, four keys offer 4x calls, and so on, allowing for scalable access.

Xyxyx API Keys are valid for one year, starting from the mainnet launch of the Xyxyx API. The validity period is fixed at 365 days, granting access to the API for the entire duration.

Fundamentally, each Xyxyx API Key is an NFT that features a unique two-colored visual output, which is determined based on the token ID. Every token is fully generated, rendered, and stored on-chain.

Xyxyx API call rate limits introduce a commoditization approach by capping the supply of API keys and compute resources, with a fixed daily allocation per key. This creates a predictable rate limit, where applications are encouraged to stack API keys to increase throughput, much like any commodity. The result is a dynamic, market-driven approach to API usage that turns access into a tradable, scalable resource.

What’s next

Further details about the launch of Xyxyx API Keys and the testnet period of the Xyxyx API will be announced soon. We’re excited to see how developers will harness the power of the Xyxyx API to unlock new paradigms for applications.