ChainCatcher news, Gate Ventures announced that it has made a strategic investment in Space and Time (SxT), participating in its Series A funding. This Series A funding was officially announced on Tuesday, August 27, 2024, and will advance SxT's mission to build and scale AI-driven decentralized data infrastructure.At the intersection of AI and blockchain, this investment is expected to have a profound impact on the Web3 ecosystem. With the support of Gate Ventures, SxT will continue to drive AI innovation by providing developers with critical data, infrastructure, and tools.

ChainCatcher news, OKX Ventures announced a strategic investment in the decentralized database Space and Time (SxT). The core development team of SxT has dedicated the past two years to providing a tamper-proof data technology stack for both on-chain and off-chain applications. The team has introduced a new cryptographic technology called Proof of SQL, which cryptographically proves that the computations of queries and the data are accurate and immutable. Since the launch of the Beta product in March 2023, users have averaged over 500,000 queries per month, with database requests exceeding 5 billion. It has been applied by various dapps and traditional enterprises. Currently, SxT supports data indexing for mainstream on-chain public chains, including Ethereum, Bitcoin, ZKsync, Polygon, Sui, Aptos, and Sei, as well as off-chain data.Dora Yue, founder of OKX Ventures, stated: "Space and Time, as a verifiable computing layer for Web3, has pioneered a new cryptographic technology, Proof of SQL, which, combined with a decentralized data warehouse, cryptographically proves that the computations of queries and the data are accurate and immutable. Under the zk co-processor, the SxT solution, which integrates large language models (LLM), can optimize the user experience for on-chain applications such as DeFi during self-custody, ensuring asset security and addressing issues like key loss, as well as transactions, storage, and equipment upgrades of digital assets in GameFi, preventing incidents of asset theft and contract modification. OKX Ventures actively advocates for innovation in blockchain technology and its practical applications. We are very much looking forward to the launch of the testnet for Space and Time. SxT ensures the security and immutability of data under the optimization of business model frameworks for traditional enterprises and on-chain applications, providing support for decentralized database services and promoting sustainable business development."

ChainCatcher news, according to Fortune, the decentralized data platform Space and Time has announced the completion of a $20 million Series A funding round, with participation from Framework Ventures, Lightspeed Faction, Arrington Capital, Hivemind Capital, among others. Specific valuation data has not yet been disclosed. The company is dedicated to bringing the immutability of blockchain into AI applications to address the verifiability issues posed by AI.Nate Holiday, co-founder and CEO of Space and Time, stated that in an AI-driven world, distinguishing between AI-generated content and human/business-generated content has become crucial. The company's technology aims to ensure the verifiability, credibility, and transparency of outputs from AI applications. Space and Time was initially positioned as a decentralized version of the data storage service Snowflake, providing fast data retrieval services for blockchain applications that require storing large amounts of user information, such as DeFi.

ChainCatcher news, the decentralized data startup Space and Time has announced the launch of a chatbot—Houston—powered by OpenAI's GPT-4 (the latest version of ChatGPT) to allow developers to work using natural language, making it easier to maintain and query databases. (Source link)

ChainCatcher news, the Web3 data warehouse platform Space and Time officially launched the test version of its data warehouse and developer toolkit. It allows developers to leverage provable computation for on-chain and off-chain data to support DApps, smart contracts, and verifiable AI models. (Source link)

ChainCatcher news, cryptocurrency derivatives exchange and copy trading platform Bitget announced a strategic partnership with the decentralized database Space and Time (SxT). This collaboration will allow Bitget to provide users with transparent information about the exchange's operational status, as well as verifiable data and tamper-proof audit trails.According to reports, Bitget users will be able to view information related to the exchange's activities, liquidity, assets, and liabilities, with Space and Time ensuring that the exchange's data and computations are accurate and have not been tampered with. As of March 6, 2023, Bitget's total reserve ratio is 231%, indicating that Bitget holds over 100% of the total user assets (BTC, ETH, USDT, USDC).

According to Chain Catcher, as reported by Cointelegraph, the Web3 data platform Space and Time announced the completion of a $20 million strategic financing round led by Microsoft's M12 fund, with participation from Blizzard Fund (Avalanche ecosystem fund), Polygon, Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Stratos, Hash Global, and CoinDCX.Space and Time will use the funds from this round to build a decentralized data warehouse that supports transforming data from all centralized servers into a trustless data source for smart contract calls.Previously, Chain Catcher reported on July 28 that Space and Time completed a $10 million seed round financing led by Framework Ventures. (Source link)