Grayscale has announced the launch of a new investment fund focused on SXT, the native token of the Space and Time blockchain protocol.
Grayscale, known for its digital asset investments, has announced the launch of a new investment fund focused on SXT, the native token of the Space and Time blockchain protocol.
Announced under the name “Grayscale Space and Time Trust,” the fund offers daily subscriptions to individual and institutional accredited investors.
Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, said in the announcement of the fund:
“Grayscale Space and Time Trust provides access to an innovative project that bridges the worlds of Web 2.0 and Web 3.0, combining enterprise-grade data infrastructure with blockchain technology.”
Developed by MakeInfinite Labs and implemented with the support of Microsoft, Space and Time aims to provide real-time and verifiable data processing infrastructure for smart contracts, artificial intelligence and decentralized applications (dApps).
The project, which launched a public, permissionless mainnet in May, aims to combine the performance advantages of traditional data platforms with the transparency and decentralization features of blockchains.
It aims to provide solutions to critical needs such as data integrity, proof of source, and auditability in areas such as DeFi and artificial intelligence.
With Grayscale’s new funding announcement, the SXT token price increased by 3.25% in the last 24 hours to $0.078. This development reinforces Grayscale’s interest in Web3 and artificial intelligence infrastructures, while data-driven blockchain projects like Space and Time are starting to gain more attention from institutional investors.
