Los Angeles, United States, 28th July, 2022, Chainwire
As the DeFi & GameFi sectors grow, Space and Time aims to be the first truly decentralized solution for rapid and secure data processing at enterprise scale
The funds from this round will be used to continue expanding Space and Time’s engineering and further advance the platform’s analytic capabilities and decentralized network.
“Because many dApps still rely on centralized databases to store and compute large amounts of complex data, most DeFi and GameFi platforms are not fully decentralized,” said Michael Anderson, Co-Founder of Framework Ventures. “As the first data platform to offer an entirely decentralized solution for enterprise-scale analytics in real-time, Space and Time truly commits to blockchain’s core ethos to be a transparent and open system. We’re thrilled to support the Space and Time team as they develop the first scalable and secure analytics solution for the next generation of DeFi applications.”.
Incubated as part of Chainlink Labs’ Startup with Chainlink program, Space and Time is a decentralized data platform that uses Chainlink to combine on-chain and off-chain data to bring expanded, enterprise-grade use cases to smart contract applications.
“Congratulations to the Space and Time team for their successful seed round raise, which includes investments from a number of industry-leading firms,” stated David Post, Managing Director, Corporate Development and Strategy at Chainlink Labs. “Through its novel data processing and cryptographic proof technologies, Space and Time’s decentralized database will help scale the blockchain ecosystem and unlock more advanced smart contract use cases.”
To learn more, visit https://www.spaceandtime.io/ and follow the team on Twitter @SpaceandTimeDB.
About Space and Time
Space and Time is the first decentralized data warehouse for blockchain applications. Using cryptographic proof technology, Space and Time empowers decentralized applications (dApps) to deliver low-latency queries and enterprise scale analytics in an entirely trustless and blockchain-secure manner.
To learn more, visit https://www.spaceandtime.io/ and follow the team on Twitter @SpaceandTimeDB.
About Framework Ventures
Framework is a team of technologists, researchers and investors who buy assets of, who build for, and who participate in open crypto networks. At its core, Framework is a technology company, building products and services to support the open blockchain networks that they invest in. Through its registered investment adviser, Framework Ventures Management LLC (“Framework Ventures”), the firm has backed dozens of notable companies in the decentralized finance and Web3 space.
To learn more, visit https://framework.ventures.
About Chainlink Labs
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.Disclaimer: This is not investment advice and readers should not construe discussion of any particular organization as a recommendation to purchase or sell, or a solicitation of an offer to purchase or sell, any securities or digital assets related to such organization.
Space and Time Team, marketing@spaceandtime.io
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