API UNI is composed of the following elements: • multiple APIs, where the term API not only refers to a technical interface, but a service that a real-world business provides; • a decentralized network of first-party oracles, i.e., oracles operated by the API providers themselves; • a decentralized governing entity to oversee the oracle network.

API INU combines the decentralized technological solutions with a strong meme culture. It helps to emphasize the community focus and the denial of centralized solutions.