The digital asset investment platform Grayscale has launched a new investment fund focused on SXT, the native token of the Space and Time blockchain supported by Binance.
Grayscale has added another to the list of next-generation blockchain projects that investors are closely following. The company's latest initiative, Grayscale Space and Time Trust, provides direct access to the SXT token, which aims to improve database processing processes and stands out with support from Binance.
The Space and Time project offers a wide range of use cases, 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).
With support from Microsoft and MakeInfinite Labs, the project has come onto investors' radar. Space and Time aims to fill a significant gap in the industry by eliminating the limitations of existing blockchain systems regarding performance and data transparency.
With the launch of the new fund, activity in the SXT token price has also been observed. 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 focusing on different use cases within the cryptocurrency ecosystem.