Grayscale has unveiled a new investment vehicle with one asset focused on the Space and Time (SXT) token, according to a 24 June announcement.
The fund, officially called the Space and Time Trust, offers accredited investors direct exposure to one of the latest data infrastructure projects of the crypto sector. Individual and institutional participants can subscribe to the Trust daily.
The Microsoft-supported Protocol is intended to merge decentralized architecture with data possibilities of Enterprise-Grade, and the Move of Grayscale indicates that the growing institutional interest in its long-term potential. This development follows the launch of Space and Time’s May Public Manet.
After the news, the value of SXT increased by more than 15%and climbed to $ 0.075 from the moment of the press, according to CryptoSlate’s facts.
Why Grayscale has opened confidence for space and time
Space and Time offers a decentralized database where smart contracts have safe access to chain, off-chain and cross-chain data.
The platform indexes data from blockchain networks such as Ethereum, Bitcoin and Sui, making it available via a decentralized network of validators. The aim is to bring transparency, speed and integrity to data -driven applications in Defi, AI and then.
The protocol offers a zero-knowledge (ZK) transported data layer that supports complex, cross-chain queries. The architecture enables smart contracts to get securely access to historical, off-chain and multi-network data.
Crypto developers can use proof of the SQL-Engine platform, a sub-second ZK-Coprocessor, to collect data in addition to cryptographic guarantees. As a result, applications can deliver verified data almost immediately, without trusting a central party.
Rayhaneh Sharif-Akary, the head of product and research by Grayscale, explained that the project was designed to fill a critical gap in blockchain architecture.
According to her, it is a timely innovation in the developing data science and decentralized computing. She emphasized the focus of the project on verifiable data as an important enabler for reliable AI models and smart contract implementation.
She said:
“While we enter into the next era of computer use, transparency is paramount …[Space and Time] is a project that combines blockchain technology with data architecture of enterprise-grade, making a wide range of use cases possible via web 2.0 and web 3.0. “
