Grayscale®, the world’s largest digital asset-focused investment platform, announced the creation and launch of Grayscale® Space and Time Trust (the “Trust”).
Space and Time is a blockchain built to deliver verifiable, real-time database processing for smart contracts, artificial intelligence (AI), and decentralized applications. Built to meet the growing demands of the Web 3.0 ecosystem and AI, it seeks to offer scalable, transparent access to both on-chain and off-chain data, addressing a critical limitation of traditional blockchains.
While traditional blockchain technology offers decentralization and resilience, it has historically not been designed for computationally intensive tasks. In contrast, legacy systems like data warehouses excel at complex queries and throughput, but rely on centralized infrastructure, potentially creating single points of failure, as opposed to the trustless nature of blockchains.
Space and Time strives to bridge this gap by combining the reliability of blockchain networks with the performance of traditional data platforms. The result is a high-performance, decentralized data and compute layer that brings speed and efficiency, and is designed to help preserve transparency and data integrity. This innovative approach is especially crucial for decentralized finance and AI, where verifiable data integrity, provenance, and auditability are essential.
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“As we enter the next age of computing, transparency is paramount. Verifiable data ensures that we can trust the underlying datasets used for AI and smart contract applications,” said Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale. “Grayscale Space and Time Trust provides investors with access to a project that combines blockchain technology with enterprise-grade data architecture, enabling a wide range of use cases across Web 2.0 and Web 3.0.”
“AI and blockchain are converging around one critical need: verifiable data. Space and Time is built to solve this problem, bringing verifiability, transparency, and auditability to the data and compute that will drive the next generation of intelligent and decentralized applications,” said the Space and Time Foundation.
Grayscale® Space and Time Trust provides investors with exposure to SXT, the native token of the Space and Time network, which plays a critical role in securing the network through staking and facilitating data processing payments.
The Trust is now open for daily subscription by eligible individual and institutional accredited investors.* The Trust functions like Grayscale’s other single-asset investment trusts, except as may be disclosed in the Private Placement Memorandum relating to the Trust, and is solely invested in the SXT token underpinning the Space and Time protocol. For additional information regarding the seeding of the Trust and other ways in which an investment in the Trust might differ from an investment in Grayscale‘s other single-asset investment trusts, please refer to the Private Placement Memorandum relating to the Trust.
Source: Globenewswire