Space and Time

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 🤝

We’re thrilled to announce that Rika Khurdayan, Esq. has joined Space and Time Labs as Chief Legal Officer. Rika previously served as US CLO for Bitstamp, a crypto exchange that was recently acquired by Robinhood. Her appointment to the SxT executive team underscores our commitment to building a robust and compliant legal framework for our technology, ecosystem, and community. Her leadership, strategic vision, and proven track record navigating complex legal and regulatory environments will be invaluable as we approach new milestones for the SxT network. Read the full announcement on our blog: https://lnkd.in/gREU6vmi

The SxT team continues to ship 🚢 The latest SxT upgrade includes: 🟣 GraphQL data type improvements 🟣 Enhanced SQL insert performance 🟣 Data warehouse general availability 🟣 Bug fixes Join our Discord for all the latest updates: https://lnkd.in/gc5X34pk

We’re excited to announce that SxT smart contract indexing now supports ZKsync! SxT’s blockchain indexing service already provides an entire copy of ZKsync Era stored as chain-level data in “core” tables. You can explore those datasets here: https://lnkd.in/gaMhSRuq But we know that developers also need access to data around events emitted by their own smart contracts, and we wanted to abstract away the complexity of having to sort through our core tables to get it. Enter: SxT smart contract indexing, now live for ZKsync Era. You can submit a list of your ZKsync smart contracts for indexing, and SxT will create a new set of custom tables that contain the events from those specific smart contracts. We write the emitted events into new tables that can then be queried, joined with other indexed data or offchain data, and ZK proven sub-second. This allows devs to create highly customized, efficient, and sophisticated applications that leverage chain-level data, protocol-specific data, offchain data, and data from their own smart contract events in a fast, affordable, and ZK-proven way. It’s as easy as submitting your contract address. Get started at https://lnkd.in/g2tar_PW

We’re thrilled to announce that Space and Time (SxT) is the ZK coprocessor for Karak. https://lnkd.in/g4WDdm2g Karak is expanding its vision of universal security by integrating SxT to power trustless rewards and slashing for its Distributed Secure Services (DSS). SxT is the verifiable compute layer that scales zero-knowledge proofs on a decentralized data warehouse to deliver trustless data processing to smart contracts. SxT allows smart contracts on any major chain to ask questions about onchain actvity and receive back a trustless, accurate answer onchain guaranteed by Proof of SQL, our novel ZK proof. SxT’s ZK coprocessor will allow Karak’s slashing contracts to query onchain activity from each DSS and reward/slash them as necessary, all in a transparent, trustless way. Karak is the universal security layer that makes it easy to provide universal security with any asset. A DSS is a decentralized service built on Karak, leveraging restaked assets as universal security for the services it provides. The DSS framework is inherently flexible, extensible, and scalable, making it suitable for everything from basic utilities to sophisticated networks, such as DA marketplaces and ZK coprocessors. As DSSs onboard, one of the most critical things Karak needs is a way to prove slashings onchain. SxT allows for slashing logic to be defined much faster, ultimately enabling DSSs to be built and launched much faster. This strategic integration accelerates Karak’s vision for universal security and extends SxT’s capabilities to other DSSs as well. Additionally, SxT is building a DSS for its blockchain indexing service so that community members can easily run indexing nodes in the SxT network.