Space And Time Secures $20 Million To Transform Central Business Logic Databases Into Trustless Data Sources For Web3

Space And Time Secures $20 Million To Transform Central Business Logic Databases Into Trustless Data Sources For Web3

Space and Time paves the way for establishing a decentralized data warehouse with tremendous Web3 implications. The project secured an additional $20 million in funding to make smart contracts more robust.


A Big Step For Space and Time

The new $20 million in strategic funding is a big deal for the Space and Time team. It signifies the importance of taking a decentralized approach to business logic. More importantly, the investors, including M12, SevenX Ventures, Polygon, Fellows Fund, Mysten Labs, MarketAcross and Stratos, see merit in the Proof of SQL cryptographic approach. Bridging the gap between enterprise database data and smart contracts can lead to many new potential use cases.


Under the hood, Space and Time combines on-chain and off-chain information in a trustless environment to enable enterprise-scale analytics at minimal cost and low latency. Additionally, mutable and immutable tables can be created, joined, and queried with cryptographic guarantees through the next-generation data platform.



Chainlink Co-Founder Sergey Nazarov adds:


“We ..

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