Digital asset investment platform Grayscale has launched a new investment fund focused on the native token SXT of the Space and Time blockchain supported by Binance.
Grayscale has added another one to the new generation blockchain projects that investors are closely following. The company's recently launched Grayscale Space and Time Trust provides direct access to the SXT token, which aims to improve database processing processes and draws attention with Binance's support.
The Space and Time project offers a wide range of applications, from DeFi applications to artificial intelligence solutions, by combining the security of blockchains with the performance of traditional data platforms. The protocol, which launched its mainnet in May, aims to provide verifiable and real-time database processing power for smart contracts, artificial intelligence (AI), and decentralized applications (dApps).
The project has caught the attention of investors with the support of Microsoft and MakeInfinite Labs. Space and Time aims to fill a significant gap in the industry by eliminating the limitations of current blockchain systems in terms of performance and data transparency.
With the launch of the new fund, activity has also been observed in the price of the SXT token. According to CoinMarketCap data, with the news, the SXT price reached $0.07551, an increase of 3.25% in the last 24 hours.
This step by Grayscale to expand its investor base once again highlights the growing interest in altcoins focused on different use cases in the cryptocurrency ecosystem.
