Grayscale Unveils Space And Time Trust, Providing Investors Access To SXT
In Brief
Grayscale has launched the Space and Time Trust, providing accredited investors daily subscription access to SXT, which supports a blockchain designed for real-time, verifiable data processing to enhance AI, smart contracts, and dApps.
Digital asset management firm Grayscale introduced the Grayscale Space and Time Trust, designed to provide investors with exposure to the Space and Time blockchain. The Space and Time network is built to deliver real-time, verifiable database processing tailored for smart contracts, artificial intelligence applications, and decentralized technologies. Developed in response to increasing demands across Web3 and AI-driven sectors, the blockchain aims to facilitate scalable and transparent access to both on-chain and off-chain data, addressing the performance limitations often associated with conventional blockchain infrastructures.
While traditional blockchains are valued for their decentralization and resilience, they typically lack the computational capacity for intensive processing tasks. In contrast, legacy data systems such as data warehouses handle high-throughput operations and complex queries efficiently, but rely on centralized architectures that can introduce risks through potential single points of failure. Space and Time proposes a hybrid solution that integrates blockchain security and transparency with the operational performance of traditional systems.
The platform is designed to function as a decentralized layer for data and compute operations, offering enhanced speed, efficiency, and data integrity. This configuration is intended to support critical use cases in areas such as decentralized finance and artificial intelligence, where verifiability, traceability, and auditability of data are essential.
“As we enter the next age of computing, transparency is paramount. Verifiable data can help ensure that we can trust the underlying datasets used for AI and smart contract applications,” said Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale, in a written statement. “Grayscale Space and Time Trust provides investors with access to a project that combines blockchain technology with enterprise-grade data architecture, enabling a wide range of use cases across Web 2.0 and Web 3.0,” she added.
“AI and blockchain are converging around one critical need: verifiable data. Space and Time is built to solve this problem, bringing verifiability, transparency, and auditability to the data and compute that will drive the next generation of intelligent and decentralized applications,” said a representative of the Space and Time Foundation in a written statement.
Grayscale Space And Time Trust Offers Daily Subscription Access To SXT Token Exposure
Grayscale Space and Time Trust offers exposure to SXT, the native token of the Space and Time network, which is utilized for network security through staking and is used to facilitate payments for data processing services within the protocol.
The Trust is currently open for daily subscription by accredited individual and institutional investors, in accordance with applicable eligibility requirements. It operates similarly to Grayscale’s other single-asset investment trusts, except where otherwise outlined in the Trust’s Private Placement Memorandum. The Trust holds only SXT tokens, which form the core of the Space and Time infrastructure. For detailed information about how this Trust may differ from other Grayscale single-asset products, prospective investors are advised to consult the Private Placement Memorandum.
This development aligns with Grayscale’s broader objective of offering access to emerging digital assets and blockchain technologies that are considered integral to the advancement of decentralized systems.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
