In the Web3 world, data is lifeblood, but data processing on the blockchain is either slow as a snail or unreliable. Space and Time emerges, using zero-knowledge proof technology and decentralized data warehouses to solve these longstanding issues.
Core Value
The core value of SXT is simple and straightforward: make Web3 data fast and trustworthy! It seamlessly connects on-chain data (such as Ethereum transactions and Polygon events) with real-world data. Developers can query data using familiar SQL, and smart contracts can directly use these ZK-certified results, saving time and effort. Moreover, SXT allows data contributors to earn money, creating a data economy where players, developers, and validators can all share in the profits.
Project Highlights
SXT has already achieved impressive results:
Hardcore technology, backed by Microsoft
SXT's Proof of SQL technology can verify 100,000 rows of data in 0.4 seconds, several times faster than traditional ZK. With investment from Microsoft M12 and collaboration with the AI Co-Innovation Lab, SXT is developing an AI tool to convert natural language to SQL, making data querying as simple as chatting.
Multi-chain support, ecosystem fully loaded
SXT indexes real-time data from mainstream chains like Ethereum, Polygon, Sui, and Avalanche, and can also connect off-chain data (API, sensors). It has deep collaborations with Chainlink, Polygon, and Sui Network, having served over 5.3 billion queries, with a monthly average of 500,000, covering DeFi, blockchain games, NFTs, and enterprise scenarios.
Technological Advantages
Decentralized Data Storage
Integrates on-chain and off-chain data storage in a decentralized environment, ensuring data security and traceability.
Proof of SOL
Utilizes cryptographic methods to verify the correctness of SQL query results, ensuring the credibility of data processing.
Real-time Data Analytics
Provides real-time analytics and query capabilities, allowing developers to quickly gain insights from on-chain or off-chain data.
Smart Contract Interaction
Delivers query results to smart contracts in a verifiable manner, providing reliable data sources for decentralized applications.
Multi-blockchain compatibility
Supports data integration and queries for mainstream blockchains, facilitating data consolidation and analysis across different chains.
Path to Growth
In September 2022, SXT completed a $20 million seed round financing, led by Framework Ventures, with participation from Microsoft M12, Coinbase Ventures, and HashKey Capital, with a preliminary valuation set at $100 million.
In July 2023, completed a $30 million Series A financing, led by Arrington Capital and Framework Ventures, with follow-up investments from M12, DCG, and Samsung Next, raising the valuation to $300 million.
In February 2024, SXT deepens collaboration with Chainlink, launching a 100 million SXT community reward program to incentivize data contributors and validators.
In summary
Space and Time (SXT) is a hardcore player in the Web3 data track, using Proof of SQL and SXT Chain to make data processing fast, trustworthy, and user-friendly. It not only addresses data pain points for DeFi, blockchain games, and NFTs, but also allows industries like AI, supply chain, and healthcare to board the blockchain express.