- It makes it easier for users to develop applications by enabling them to generate fully functional applications and smart contracts without having to write code.
- Dreamspace makes it possible for anybody to create an application, monetise it via the use of blockchain technology, and then distribute it to a community of individual users.
Today marks the opening of public access to Dreamspace, an artificial intelligence app builder that allows non-technical developers the ability to buildd an online company using natural language.
Dreamspace, which is built on Microsoft Azure AI Foundry and Azure OpenAI, Space and Time, and Base, makes it easier for users to develop applications by enabling them to generate fully functional applications and smart contracts without having to write code. This significantly reduces the amount of time and technical barriers that are associated with building onchain. Dreamspace makes it possible for anybody to create an application, monetise it via the use of blockchain technology, and then distribute it to a community of individual users.
In addition to providing funds to startup developers and a community of AI-forward users who are ready to engage with the apps developed on the Dreamspace platform, Space and Time also supplies the database that runs the Dreamspace platform and its applications.
Nate Holiday, CEO of MakeInfinite Labs, the original developers of Space and Time stated:
“While the economy of the last decade has been driven largely by businesses created by developers, we believe business in the AI economy will be driven by creators. By bringing together Space and Time’s verifiable database, Base’s onchain scale, and Microsoft’s AI tools, Dreamspace gives creators everything they need to build, ship, and own the next generation of apps.”
For the purpose of improving its speed and scalability, Dreamspace makes use of the solutions provided by Microsoft Azure and Azure OpenAI. The $20M fundraising round for Space and Time was headed by M12, which is Microsoft’s Venture Fund, in the year 2022.
Michael Stewart, Managing Partner at M12, Microsoft’s Venture Fund stated:
“We’re seeing a new wave of platforms where AI-native tooling, blockchain infrastructure, and creator-driven design converge. Dreamspace lowers the barrier to creation and distribution for a whole new class of builders – one that doesn’t need to know how to code to bring an idea to life. At M12, we’re excited about the shift toward AI-native systems and believe Dreamspace is tapping into the future of how apps are built, monetized, and scaled.”
Base, a onchain open stack that is currently being incubated at Coinbase, is the foundation upon which Dreamspace is based. Base enables developers to publish and monetize their applications. Base makes it simple to create onchain companies and be paid using cryptocurrency. It does this by providing cheap costs of less than one penny, quick transactions of less than one second, and complete EVM compatibility. This makes it possible to get paid using cryptocurrency via tips, token-gated access, or custom smart contract logic.
Luca Curran, Head of AI, Base Ecosystem stated:
“We’re building Base as an open stack for the global economy that empowers anyone to build and create onchain. Dreamspace is an exciting example of what’s possible when you combine onchain with AI. You don’t need to be a developer or an engineer to bring an idea to reality – anyone can unlock their creativity to build an app. Expanding this possibility to anyone, anywhere will help us bring the world onchain.”
In beta, Dreamspace is now accessible for usage by the general public at dream.space.
Smart contracts may safely access and compute over data from any chain or source thanks to Space and Time, the blockchain for ZK-proven data. Space and Time gives developers the ability to create applications that are more intelligent, data-rich, and have verifiable data. This is made possible by Proof of SQL, a ZK coprocessor that operates in less than a second.
MakeInfinite Labs is a pioneering protocol research lab that has contributed to the development of some of the most recognized protocols and ecosystems in the cryptocurrency industry. One of these contributions is the establishment of Space and Time. M12, Microsoft’s Venture Fund, and other top investors contributed $50 million to MakeInfinite Labs so that the company could build the infrastructure that would allow developers and creators to build data-driven apps, tokenize and monetize their work, and succeed in the artificial intelligence economy.
M12, which stands for Microsoft’s venture fund, is a corporate venture capital business that is committed to advancing the future of technology via investments, insights, and significant partnerships with Microsoft. Artificial intelligence (AI), cloud infrastructure, cybersecurity, developer tools, vertical software as a service (SaaS), Web3 and gaming are all areas in which the company invests. Through contacts, clients, and go-to-market resources, M12 has been able to generate outstanding value for portfolio firms for close to a decade now. San Francisco and Redmond are the locations of M12’s offices.
