The document provides an overview of functional APIs using Absinthe GraphQL and the Elixir programming language, highlighting key concepts like Ecto, a data access library, and the benefits of GraphQL as an alternative to traditional REST APIs. It explains the structure of GraphQL schemas, types, and operations, as well as how to implement a GraphQL API for a contract list application using Absinthe and Phoenix. Additionally, it includes references to various resources for deeper learning and practical examples related to the setup and migration of apps from REST to GraphQL.