The data platform Space and Time aims to transform centralized databases into trust-free data sources powered by smart contracts and has received funding from Web3 and other Internet companies. The decentralized data warehouse has acquired $20 million in strategic finance, led by M12, Microsoft’s venture capital division. The announcement was issued two months after the Web3 data warehouse received $10 million in a seed round and before the platform’s alpha release. #SpaceandTimeDB is the first decentralized data warehouse built for smart contracts. We’ve partnered with leading VCs and #Web3 visionaries to power the next generation of smart contract use cases. 🚀⏳ Learn more: https://t.co/dRdKo14cGF pic.twitter.com/ZUzRSglYQI — Space and Time (@SpaceandTimeDB) September 27, 2022 M12 Leads $20M Strategic Funding Space and Time claimed to have acquired $20 million in strategic investments. Investors like Microsoft’s M12 fund, the business’ venture capital division, Avalanche (AVAX), and Polygon (MATIC) provided the funding. Other Web3 communities and angel investors participating in the investment include Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Stratos, Hash CIB, and Coin DCX. Nate Holiday, the CEO of Space and Time, claimed in an interview that they want to develop a more developed, enterprise-secure database system from the outset. He further stated, “The funding is going toward engineering the more m...
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