Space And Time Secures $20 Million To Transform Central Business Logic Databases Into Trustless Data Sources For Web3

Name	Symbol	Market	Market Cap ($)	Algorithm
Amp	AMPUSD	Crypto	435,552,801	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Amp

AMPUSD

Crypto

435,552,801

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00011	1.42%	0.00786	0.00786	0.00787

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00011

1.42%

0.00786

0.00787

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.00787	0.00772	0.00775	0.00775	0.001400 - 0.016850

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.00787

0.00772

0.00775

0.001400 - 0.016850

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	02:12:35	9,216.00	0.00786	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

02:12:35

9,216.00

0.00786

USD

Price x Volume	Volume	Base Symbol	Related Pairs
71,899.86	9,227,864.59	AMP	AMPEUR	AMPGBP	AMPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

71,899.86

9,227,864.59

Space And Time Secures $20 Million To Transform Central Business Logic Databases Into Trustless Data Sources For Web3

28/09/2022 7:43am

NEWSBTC

Space and Time paves the way for establishing a decentralized data warehouse with tremendous Web3 implications. The project secured an additional $20 million in funding to make smart contracts more robust. A Big Step For Space and Time The new $20 million in strategic funding is a big deal for the Space and Time team. It signifies the importance of taking a decentralized approach to business logic. More importantly, the investors, including M12, SevenX Ventures, Polygon, Fellows Fund, Mysten Labs, MarketAcross and Stratos, see merit in the Proof of SQL cryptographic approach. Bridging the gap between enterprise database data and smart contracts can lead to many new potential use cases. Under the hood, Space and Time combines on-chain and off-chain information in a trustless environment to enable enterprise-scale analytics at minimal cost and low latency. Additionally, mutable and immutable tables can be created, joined, and queried with cryptographic guarantees through the next-generation data platform. Chainlink Co-Founder Sergey Nazarov adds: “We’re proud to support Space and Time through the Startup with Chainlink program in their mission to build a decentralized data warehouse and bridge the on-chain and off-chain worlds with Chainlink oracles. With the total addressable market for trust-minimized applications in the trillions of dollars, providing core infrastructure to Web3 developers is crucial for scaling and meeting this global demand.” Chainlink has been a crucial partner for Space and Time. Through future collaboration, Space and Time will extend the functionality of its hybrid smart contracts to drive the future trustless web or Web3. Moreover, developers can build multi-chain applications and access analytical insights in a decentralized and secure manner. Chainlink’s oracles are a crucial cog in that machine. Coming To Azure Soon The fundraising enables Space and Time to accelerate its engineering and product development. More importantly, the team wants to build familiar enterprise-grade solutions processing tremendous data volumes. That is an essential aspect in connecting smart contracts with enterprise database capabilities. Moreover, it will automate business logic in centralized systems. Space and Time is coming to Microsoft’s Azure cloud platform shortly. That integration serves as an on-ramp for customers looking to access and analyze blockchain-native datasets. Moreover, Azure provides the necessary tools and services to build and deploy Web3 applications, unlocking the decentralized web of the future. Partnering with Microsoft ensures future support and paves the way for broader Web3 use cases and mainstream adoption.

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