Space and Time

The first sub-second ZK coprocessor just got even faster. We’re excited to share the latest Proof of SQL benchmarks, which show a ~40% increase in performance since the repo was made available on GitHub in June. You can now prove analytic queries against… 🟣 100k rows of data in 0.4 seconds 🟣 200k rows of data sub-second 🟣 1M rows of data in 1.2 seconds 🟣 100M rows of data in ~1 minute Full benchmarks available in the repo: spaceandtime.io/proofofsql Proof of SQL is the first sub-second ZK coprocessor (optimized specifically for SQL) that enables your smart contract to process data at the scale required to power your application in the time it needs to transact. We delivered this new primitive to expand the design space for devs to build data-driven experiences onchain, fully ZK-verified. Today, smart contract devs are building with their hands tied behind their backs, stuck with self-referential opcodes which can’t access even the most basic answers about activity onchain, which significantly limits the design space for onchain apps. Our ZK coprocessor enables a new generation of smart contracts that can ask complicated questions about activity on their own chain or other chains, and get back a ZK-proven answer next block. Your smart contract can now transact in real time based on both onchain data (like txns, blocks, smart contract events, storage slot changes, etc.) and data from your app, ultimately delivering a more robust onchain economy and more sophisticated onchain apps.

Congratulations to Space and Time on its $20 million Series A funding round to converge AI and blockchain technologies on ZKsync. Backed by leading technology funds including Microsoft and Digital Currency Group, Space and Time is building a ZK Chain to tackle the toughest data challenges by building the decentralized data foundation for web3 secured by zero-knowledge technology. As the world becomes increasingly AI-powered, blockchain technology is indispensable to combating deep fakes and providing proof of personhood. Space and Time is building the decentralized data foundation for web3 to bring the immutability of blockchain to AI applications. Co-founder and CEO of Space and Time Nate Holiday commented, "[We're] moving to an AI-powered world… It's super critical… to ensure that as applications are being built in this new world, powered by Space and Time, you have this verifiability, trust, and transparency." https://lnkd.in/eJYSt4qD

Verify Everything.

We’re excited to be supporting Chainlink Labs SmartCon on October 30-31 in Hong Kong. Over the last two years we’ve launched some of our biggest announcements at SmartCon, including our strategic funding round with Microsoft and our roadmap to embed the Proof of SQL verifier in the Chainlink Network. Join us at SmartCon 2024 to see what's in store for this year!

Congrats to Nate Holiday and the team at Space and Time who have recently secured more #funding to accelerate an equitable future for #AI. 🚀 #Blockchain #Web3 https://lnkd.in/epSYdX6n

As AI continues its dominance of corporate attention—and venture capital investment—the once-beloved sector of blockchain has sometimes felt like a spurned child. Still, many crypto proponents argue that blockchain can still solve the most pressing problems posed by AI, from confirming personhood to preventing deepfakes. That’s why one startup, Space and Time, is building software to bring the immutability of blockchain to AI applications—and it will have ample resources to build out its vision, with a $20 million Series A led by the crypto-focused venture firms Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital. Space and Time previously raised an earlier $20 million led by Microsoft’s M12 Ventures, which also participated in the Series A, in September 2022. “[We’re] moving to an AI-powered world, meaning you don’t know what is being generated by AI and what is being generated by a person or corporations,” Nate Holiday, the cofounder and CEO of Space and Time, told Fortune in an interview. “We think it’s super critical to sit right in the middle of this to ensure that as applications are being built in this new world, powered by Space and Time, you have this verifiability, trust, and transparency.” Read more: https://lnkd.in/epSYdX6n

We are thrilled to announce that Space and Time Labs has secured a $20M Series A, bringing our total funding to $50 million. SxT is empowering the community to own their future in an AI-powered world by providing the tools they need to build sophisticated, data-driven applications, tokenize them onchain, and win in the AI economy. Generate a new world with Space and Time, secured by our sub-second ZK coprocessor. The round was led by Framework Ventures, Faction VC, Arrington Capital, and Hivemind Capital, with participation from leading funds like M12, Microsoft's Venture Fund, Digital Currency Group, F-Prime Capital, OKX Ventures, Circle Ventures, Alumni Ventures, and more. Exclusive by Fortune: https://lnkd.in/epSYdX6n

This week we held our annual team offsite in Dana Point, CA, where we celebrated the immense progress we've made over the last year, welcomed new team members, and planned for the future of the SxT network and community. Thank you to each member of our team for all you do to realize the SxT vision! Mendel Grabski, Alex Williams, Ada Anderson, Trevor Lovell, Sarthak Rastogi, Ian Joiner, Ashok Kunda, Jay White, Brittany Ly, PHR, Nate Holiday, Hunter Yarbrough, David Sebek, Henry Daly, Catherine Daly, Carlos Bort, Zachary Frederick, Scott Dykstra, Johnny Uwe Debrodt Sarabia, Stephen Hilton, Miguel Blanco Marcos, Wael Almattar, Sachin Janani, Alejandro Lanaspa, Cedric Blair, Phil Burgess, Craig Holiday, Rika Khurdayan, Henry Mai, David A Montemayor, Jacob Trombetta

Introducing Space and Tokens, a sophisticated tokenomics platform designed to help you optimize your token utility and distribution strategy. https://spaceandtokens.ai/ You can use Space and Tokens to simulate tokenomics, better anticipate token performance and market risks, and build comprehensive analytics and dashboards around your token economy, all powered by SxT's verified onchain data. We’re integrating Space and Tokens, formerly Cenit Finance, into the SxT product suite so that developers can use SxT to build AI apps, data-driven smart contracts, and sophisticated token economies—all within a unified, verified platform. “SxT allows us to enhance our tokenomics simulator by leveraging its decentralized database of high-quality onchain interactions to create better simulations. We envision a future where tokenomics can be continuously monitored, adjusted, and improved using realtime, verified onchain data,” said Carlos Bort, the co-founder of the tokenomics platform. The gigabrains behind Space and Tokens have also joined the SxT core team and will be contributing to some exciting new AI developer tools that we’re currently cooking up. 🔥 Read the full announcement here: https://lnkd.in/dxXZxb-q

Build data-driven smart contracts with SxT and ZKsync 🤝