Decentralized data warehouse Space and Time secures $20M in funding

2022-9-27 18:26

Space and Time, a Web3-native decentralized data platform, has secured $20 million in a strategic funding round led by Microsoft’s M12 fund.

The company previously raised $10 million in a seed round led by Framework Ventures, which participated in the latest funding round alongside HashKey, Polygon, Coin DCX, and several other Web3 communities and angel investors.

Nate Holiday, the co-founder and CEO of Space and Time, said that the funding will enable the company to gain the strategic support of M12 and Microsoft, and extend its partnership with Chainlink. The funds will be used to accelerate engineering and product development, with over 90% of the funding dedicated to the product and customer adoption.

Space and Time provides a Web3-native decentralized data warehouse that connects on-chain and off-chain data to deliver enterprise-grade uses to smart contract applications. The company was developed as part of Chainlink’s “Startup with Chainlink” initiative and enables users to connect analytics directly to smart contracts through Proof-of-SQL cryptography.

“We are committed to automating the business logic of the world by directly connecting smart contracts to Space and Time’s data warehouse in order to enable new and advanced use cases in Web3,” Holiday said in the company’s release. “Space and Time sits at the intersection of on-chain and off-chain data computation and we are thrilled to work with world-class data partners to build the next generation data ecosystem for both decentralized applications and enterprises at scale throughout the world.”

The company will integrate with Microsoft Azure to provide Azure customers with an on-ramp to access, manage, and perform analytics on blockchain-native data. Michelle Gonzales, the corporate vice president and global head of M12, said that Microsoft will support Space and Time to automate business logic in centralized systems and connect it directly to smart contracts.

Space and Time built its multichain data platform for Web3 developers in DeFi and Web3 gaming. Through its partnership with Chainlink, the company will work on extending the capabilities of hybrid smart contracts.

“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,” said Sergey Nazarov, the co-founder of Chainlink.

The post Decentralized data warehouse Space and Time secures $20M in funding appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Streamr DATAcoin (DATA) на Currencies.ru

$ 0.0328975 (-0.02%)
Объем 24H $2.039m
Изменеия 24h: 3.94 %, 7d: -9.47 %
Cегодня L: $0.0326794 - H: $0.0329873
Капитализация $35.395m Rank 634
Цена в час новости $ 0.0315908 (4.14%)

time decentralized funding space data warehouse 20m

Источник: cryptoslate.com

time decentralized → Результатов: 126


Фото:

Five Crypto Innovations to Watch in the Final Phase of 2022

The cryptocurrency market has come a long way since Bitcoin’s official debut in 2009; it is now worth over $1 trillion, according to CoinGecko. While Satoshi’s primary idea was to prevent the occurrence of another financial crisis through a decentralized monetary ecosystem, digital asset innovations have evolved to include other solutions. As of press time, […]

2022-8-29 15:17


Фото:

Can Gaming Tokens Like MetaCryp and Gala Achieve Market Success Like Solana?

Different things go into building a crypto project, whether the competitive storm of the market stands the test of time. The GameFi (gaming + decentralized finance) aspect of the crypto market has been gaining more attention recently, prompting crypto enthusiasts to ponder the success probability of some promising projects in the niche. While events of […]

2022-8-27 22:54


Space and Time Raises $10M in Seed Round Led by Framework Ventures

As the DeFi & GameFi sectors grow, Space and Time aims to be the first truly decentralized solution for rapid and secure data processing at an enterprise scale. Space and Time TM, a decentralized data platform for blockchain applications, has raised $10 million in a seed round led by Framework Ventures, a venture capital firm … Continued The post Space and Time Raises $10M in Seed Round Led by Framework Ventures appeared first on BeInCrypto.

2022-7-30 19:00


Fairmint launches new tokenized equity platform for startups

Fairmint, an enterprise technology company enabling community ownership for growing startups, today announced the launch of its new, always-on equity tokenization platform. Fairmint allows founders to launch its decentralized portal directly on their websites, allowing contributors to receive tokenized equity in exchange for the time or money they invest.

2022-5-26 08:07


Multi Protocol Decentralized Exchange Bashoswap Is Set to Launch It’s DEX on Cardano

Bashoswap, a Cardano-based decentralized exchange that would be interoperable on both Cardano & Milkomeda networks set to launch on Cardano testnet in a few months time. A private seed round is ongoing for interested participants looking to acquire $BASH Tokens Early What is a DEX? A Decentralized Exchange or DEX (DEX) is a blockchain-based application that is accessible through a series of smart contracts and is designed to facilitate financial services that are traditionally carried by a central entity in a decentralized manner.

2022-5-7 09:24


‘BLAST’, Bware Labs’ API Platform Enters General Release Phase

Bware Labs, which aims to solve the centralized node problem within decentralized systems, has recently announced that its API infrastructure platform is now fully functional. The main issue that has been affronting blockchain for quite some time is that while it is a decentralized system, many of the node providers are themselves centralized, detracting from […]

2022-3-28 12:11


TIME set to release NFT magazine

On Wednesday, 23 March 2022, TIME plans to release the world’s first utterly decentralized magazine issue, and this issue will be available as an NFT. TIME: Not a Web3 bandwagon TIME is one company that has proven they are more than bandwagon fans of NFTs and Web3, this company is genuinely committed to the Web3 […] The post TIME set to release NFT magazine appeared first on NFT News Today.

2022-3-20 10:22


Фото:

Senator Ted Cruz says Bitcoin (BTC) represents freedom and decentralization

Pro-Bitcoin senator, Ted Cruz, has come out to discuss the latest situation with Bitcoin during the Canada Freedom Convoy protests. The politician praised Bitcoin for being decentralized. Cruz has been a Bitcoin (BTC/USD) supporter for the longest time, and during the recent Bitcoin dip, he reportedly increased his holdings by buying $50,000 worth of Bitcoin.

2022-2-26 12:02


With steady gain in the past two weeks, should you invest in Filecoin's short-term bullishness

Decentralized storage platform Filecoin has not had a brilliant run on the charts in the past few months. Since October, it has shed nearly 72% in value, from $80 to $22.3 at press time. It had hintedThe post With steady gain in the past two weeks, should you invest in Filecoin's short-term bullishness appeared first on AMBCrypto.

2022-2-5 11:00


COTI Expands Staking Opportunities With Launch Of Its COTI Treasury

The COTI Treasury is finally up and running, giving community members with an appetite for greater risk more options to capitalize on their ecosystem investments. Described as an “algorithmic and decentralized $COTI pool”, the COTI Treasury will grow over time as it collects fees on all COTI ecosystem transactions, and users will have the opportunity to earn some of those rewards by staking their tokens in it.

2022-2-2 17:27


How NFTs are Powering a New Wave of User-Generated Content in Decentralized Gaming

As industries from big tech to retail grapple with their future in the digital metaverse, it’s evident that one industry has been storming ahead of this particular curve for quite some time. Gamers have long sought out immersive virtual worlds, resulting in many of the best-selling titles and franchises of recent decades – Minecraft, Grand […] The post How NFTs are Powering a New Wave of User-Generated Content in Decentralized Gaming appeared first on NFT News Today.

2022-1-21 21:54


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

What is Berachain? A Complete Guide to This Emerging Blockchain

Explore how Berachain, a new Layer 1 blockchain with EVM compatibility and unique Proof of Liquidity, is reshaping DeFi with dApps, NFTs, games, and a vibrant community. The post What is Berachain? A Complete Guide to This Emerging Blockchain appeared first on NFT News Today.