API monetization

API monetization is the process of generating revenue from an Application Programming Interface (API), which is a set of rules that allows different software applications to communicate with each other. Companies can charge developers and businesses for access to their APIs, enabling them to integrate specific functionalities or data into their own applications. This can be done through subscription fees, usage-based pricing, or offering premium features. By monetizing their APIs, companies can create additional revenue streams while providing valuable tools and services to enhance innovation and development in the tech ecosystem.