Web3 data platform Space and Time has raised $20 million in strategic funding from significant investors led by the Microsoft M12 fund.
Other participants in the round include Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Polygon, Blizzard, Stratos, Hash Capital, Coin DCX, and several leading Web3 communities and business angels.
Space and Time automate business logic with proprietary Proof-of-SQL cryptography. According to the developers, the direct connection of smart contracts to the decentralized data storage of the platform provides comprehensive options for its use in Web3.
The planned integration of Space and Time with Microsoft Azure will provide customers of the latter with access to analytics based on blockchain data.
The project also intends to collaborate with the Chainlink platform to expand the capabilities of hybrid smart contracts when operating in a trustless environment. Developers will be able to create multi-chain dapps and generate decentralized and inexpensive analytical data.
