Is API3 decentralized?

Could you please clarify whether API3 is truly decentralized in nature? As the term 'decentralized' carries significant implications in the blockchain and cryptocurrency space, it's essential to understand the extent to which API3 embodies this principle. Are the key components of API3, such as its governance, data sourcing, and decision-making processes, distributed and controlled by a diverse network of participants, or does it rely heavily on centralized entities? Understanding this aspect is crucial for evaluating the project's resilience, security, and overall alignment with the decentralization ideals that underpin many blockchain initiatives.