Grayscale has announced the launch of a new investment fund focused on the SXT token of the Space and Time blockchain. The fund provides access for both individual and institutional investors.
What is Grayscale Space and Time Trust?
The fund, named 'Grayscale Space and Time Trust,' offers daily subscriptions to accredited individual and institutional investors. Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, noted: 'Grayscale Space and Time Trust provides access to an innovative project that bridges the worlds of Web 2.0 and Web 3.0, combining enterprise-grade data infrastructure with blockchain technology.'
Transitioning from Web 2.0 to Web 3.0
Space and Time, developed by MakeInfinite Labs with the support of Microsoft, aims to provide real-time and verifiable data processing infrastructure for smart contracts, artificial intelligence, and decentralized applications (dApps). The project, which launched a public, permissionless mainnet in May, seeks to combine the performance advantages of traditional data platforms with the transparency and decentralization features of blockchains. It aims to provide solutions to critical needs such as data integrity, proof of source, and auditability in areas such as DeFi and artificial intelligence.
SXT Prices and Investor Interest
Following Grayscale's announcement regarding the new fund, the price of the SXT token increased by 3.25% in the last 24 hours to $0.078. This development underscores Grayscale's interest in Web3 and artificial intelligence infrastructures, as data-driven blockchain projects like Space and Time are beginning to attract institutional investors' attention.
The launch of Grayscale's new fund signifies a growing interest in projects that integrate traditional data with blockchain technology, which could influence the future development of the Web3 ecosystem.
