Space and Time, a Web3 native data platform, completed a strategic financing of US$20 million

Katie 辜

Odaily资深作者

2022-09-28 09:04

This article is about 1052 words, reading the full article takes about 2 minutes

Led by the Microsoft M12 Fund, the goal is to automate global business logic.

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Led by the Microsoft M12 Fund, the goal is to automate global business logic.

This article comes from Space and Time, compiled by Odaily translator Katie Koo.

This article comes from

, compiled by Odaily translator Katie Koo.

Space and Time is a Web3-native decentralized database designed to connect on-chain and off-chain data to provide a wide range of enterprise-level use cases for smart contract applications.

On September 27, 2022, Space and Time, a Web3-based data platform, realized trustless automation of business logic through the patent-pending Proof of SQL encryption technology, and received 2,000 from well-known investors led by Microsoft M12 Fund million dollars in strategic funding. Funding will be used to accelerate engineering and product development. More than 90% of the funding will go towards Space and Time's product and customer adoption.

Other investors participating in this round include Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Polygon, Blizzard the Avalanche Fund, Stratos, Hash Capital, Coin DCX, and several leading Web3 community and angel investors. Space and Time previously raised $10 million in a seed round led by crypto investment firm Framework Ventures.

Unlocking new use cases for Web3 requires providing commonly used enterprise tools that process data volumes far greater than current on-chain capacity. Space and Time's mission is to make smart contracts more robust by using its novel cryptography to connect smart contracts with enterprise database functionality. Space and Time will allow business logic in centralized systems to be automated and connected directly to smart contracts.