Grayscale Unveils Space and Time Trust Amidst Rising Interest in Data Infrastructure
By: Eva Baxter
Grayscale, a prominent cryptocurrency asset manager, has announced the launch of a novel single-asset investment vehicle focused on the Space and Time (SXT) token. This new fund, known as the Space and Time Trust, aims to provide accredited investors with a streamlined avenue for direct exposure to progressive data infrastructure within the crypto industry.
This investment initiative has garnered notable attention, particularly arising from Space and Time’s robust protocol that merges decentralized architecture with enterprise-grade data capabilities. The protocol, backed by tech giant Microsoft, has shown significant potential for augmenting data transparency and integrity in decentralized applications. Highlighting the protocol’s architecture, Grayscale Chief Rayhaneh Sharif-Askary stressed its capability to interface directly with multiple blockchain networks including Ethereum and Bitcoin, enabling data retrieval across diverse environments securely.
The rising institution-led interest can be attributed to the comprehensive offerings of Space and Time which recently went live with its public mainnet. Featuring a decentralized database for secure data access and a sophisticated zero-knowledge (ZK)-verified data layer that supports cross-chain queries, the platform presents an advanced solution for the integration of blockchain data. Its Proof of SQL engine underpins these capabilities, providing sub-second data access backed by cryptographic proofs, essential for real-time application in AI models and DeFi systems.
Since the announcement of this innovative trust fund, the value of SXT experienced a surge of more than 15%, reflecting market confidence in its potential. This move by Grayscale underscores a growing faith in new data paradigms that leverage blockchain technology alongside conventional enterprise-grade solutions, heralding the advent of new-age computing where transparency and data verifiability become quintessential.
