Grayscale, the world’s largest crypto asset manager, has announced the launch of the Grayscale Space and Time Trust, providing investors access to the SXT cryptocurrency.
Goals of Grayscale Space and Time Trust
Grayscale Space and Time Trust will function as an investment product focused on the SXT token, offering investors exposure to the cryptocurrency associated with the Space and Time Network.
Access to SXT Token
According to the press release, the new Trust is now open for daily subscriptions for both individual and institutional accredited investors. The Trust operates similarly to other Grayscale investment products, with specific differences regarding disclosure.
Expert Opinions
Rayhaneh Sharif-Askary, Head of Product and 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. […] Trust provides 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."
Additionally, the Space and Time Foundation issued a statement:
> "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."
The launch of the Grayscale Space and Time Trust underscores the importance of transparency and verifiable data in the modern digital landscape, providing investors with new opportunities in the realm of cryptocurrencies and blockchain.
