The Web3 data platform Space and Time has attracted strategic funding of $20 million from major investors led by Microsoft M12. According to ForkLog, representatives of the company said.<\/p>\n
Other participants in the round include Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Polygon, Blizzard, Stratos, Hash Capital, Coin DCX, as well as several leading Web3 communities and angel investors.<\/p>\n
Space and Time automates business logic using patented cryptography, Proof-of-SQL. According to the developers, directly linking smart contracts to the platform’s decentralized data store enables broad use cases in Web3.<\/p>\n
The planned integration with Microsoft Azure will give the platform’s clients access to blockchain-based analytics.<\/p>\n
The project also intends to collaborate with Chainlink to expand the capabilities of hybrid smart contracts when operating in a trustless environment. Developers will be able to create multi-chain d\u0430pps<\/span>, and also decentralised and affordably generate analytical data.<\/p>\n The funds will be used by Space and Time to further design and develop products.<\/p>\n Earlier the company raised $10 million in a seed round led by Framework Ventures.<\/p>\n Last week, the crypto startup Immunefi, which helps DeFi projects run bug-bounty programs on their platforms, closed a Series A round for $24 million<\/a>.<\/p>\n