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Grayscale launches investment fund into Space and Time token (SXT)
Grayscale has just announced the establishment of the Space and Time Trust - an investment fund focused on the SXT token, according to a statement on June 24. The fund allows individual and licensed institutional investors direct access to emerging data infrastructure projects in the crypto field.
Space and Time, backed by Microsoft, combines a decentralized architecture with enterprise data processing capabilities. The project launched its mainnet in May and currently enables smart contracts to securely access on-chain, off-chain, and cross-chain data. The price of SXT has increased by more than 15% after the news, reaching 0.075 USD.
The platform provides a layer of data verification using ZK and Proof of SQL tools, helping applications to quickly access data while ensuring data security, opening up great potential for DeFi, AI, and Web3.