- By fusing the performance of conventional data platforms with the dependability of blockchain networks, Space and Time aims to close this gap.
- Investors may get exposure to SXT, the native token of the Space and Time network, via Grayscale® Space and Time Trust.
The biggest crypto-native asset manager in the world, Grayscale®, today announced the establishment and launch of Grayscale® Space and Time Trust (the “Trust”).
Space and Time is a blockchain designed to provide verifiable real-time database processing for decentralized apps, smart contracts, and artificial intelligence (AI). A key drawback of conventional blockchains, it aims to provide scalable, transparent access to both on-chain and off-chain data in order to satisfy the expanding needs of the Web 3.0 ecosystem and artificial intelligence.
Conventional blockchain technology provides robustness and decentralization, but it hasn’t been built for computationally demanding jobs in the past. In contrast to blockchains’ trustless nature, older systems like as data warehouses are excellent at handling complicated queries and throughput, but they depend on centralized infrastructure, which may lead to single points of failure.
By fusing the performance of conventional data platforms with the dependability of blockchain networks, Space and Time aims to close this gap. The end result is a decentralized, high-performance data and compute layer that is intended to maintain data integrity and transparency while bringing speed and efficiency. Verifiable data integrity, provenance, and auditability are critical in decentralized finance and artificial intelligence, where this novel technique is particularly important.
Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale stated:
“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. 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.”
The Space and Time Foundation said:
“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.”
Investors may get exposure to SXT, the native token of the Space and Time network, via Grayscale® Space and Time Trust. SXT is essential to the network’s security since it facilitates payments for data processing and is staked.
As of right now, qualified individual and institutional accredited investors may subscribe to the Trust on a daily basis.* Except as may be mentioned in the Private Placement Memorandum pertaining to the Trust, the Trust operates similarly to Grayscale’s previous single-asset investment trusts and is exclusively invested in the SXT token, which serves as the foundation for the Space and Time protocol. Please refer to the Trust’s Private Placement Memorandum for further details on how the Trust was seeded and how investing in the Trust may vary from investing in any of Grayscale’s other single-asset investment trusts.
Grayscale’s goal of giving investors diverse exposure to cutting-edge digital assets and blockchain technologies that it thinks are propelling a decentralized future is being carried out with this launch.
This press release does not constitute an offer to sell or solicit an offer to purchase any security in any jurisdiction where doing so would be illegal. Neither will any security be sold in any jurisdiction where doing so would be illegal before registration or qualification under that jurisdiction’s securities laws.
*Only Accredited Investors as specified in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended, are eligible to participate in Grayscale’s private placements. The majority of people are not Accredited Investors. To learn more about Accredited Investors and their credentials, please visit https://www.sec.gov/newsroom/speeches-statements/spch121714laa.
Grayscale could try to get secondary market quotes for shares of new products. But there’s no assurance that Grayscale will succeed. For a number of reasons, including concerns regulators like the SEC, FINRA, or other regulatory bodies may have about the new products, investors should not assume that the shares will ever receive the approval to trade on a secondary market, even though the shares of some products have already received it. Shareholders of these products should thus be ready to assume the risk of holding the shares for an extended period of time.
Certain products have not yet achieved their investment goal, and their shares listed on over-the-counter (OTC) markets have not reflected the value of the digital assets they hold, less their costs and other liabilities. Instead, they have traded at a premium over this value, which has occasionally been significant. In other cases, the shares of specific goods have also been sold at a discount.
Private placement securities include a significant degree of risk, including the possibility that an investor would lose all of their money. They are also speculative and illiquid. The value of SXT and an investment in the Shares may suffer as a result of the Space and Time protocol’s relatively recent conception and potential malfunctions in its specific underlying technical processes.
The value of the Trust may be materially harmed by the extreme trading price volatility that many digital assets have recently experienced and may continue to suffer, and the shares may lose all or nearly all of their value.
Grayscale offers a range of forward-looking financial products that provide investors access to the digital economy. Grayscale was established in 2013 and has ten years of experience as an asset management company with a strong emphasis on cryptocurrency investment. Grayscale is used by allocators, advisers, and investors to provide thematic, diversified, and single asset exposure. Please visit grayscale.com or follow @Grayscale for further information.
