OKX Ventures Invests in Blockchain and AI Verifiable Compute Layer Space and Time

OKX
Ventures,
the
investment
arm
of
leading
cryptocurrency
exchange
and
Web3
technology
company
OKX,
has
announced
its
investment
in
Space
and
Time
(SxT),
a
verifiable
compute
layer
for
AI
and
blockchain.
This
strategic
move
aims
to
address
growing
challenges
in
data
analytics
by
leveraging
SxT’s
innovative
solutions.

Space
and
Time’s
Technological
Edge

Space
and
Time
has
developed
a
novel
zero-knowledge
(ZK)
circuit
from
scratch
over
the
last
two
years.
This
new
technology
provides
unprecedented
performance
in
verifying
database
processing,
which
is
crucial
for
smart
contract
developers
and
enterprises.
The
solution
is
scalable
and
has
applications
across
multiple
sectors
including
Web2
enterprises,
AI,
DeFi,
gaming,
and
Web3
infrastructure.

The
company’s
Proof
of
SQL
tech
stack,
which
has
been
in
beta
since
April
2023,
processes
an
average
of
5.3
billion
database
requests
and
500,000
queries
per
month.
This
has
generated
over
$4.5
million
in
annual
recurring
revenue,
demonstrating
the
potential
for
optimal
onchain
performance.
The
Proof
of
SQL
stack
combines
zero-knowledge
proofs,
artificial
intelligence,
and
data
warehousing
to
index
major
chains
such
as
Ethereum,
Bitcoin,
ZKSync,
Polygon,
Sui,
Aptos,
and
Sei.

Statements
from
Key
Figures

Nate
Holiday,
Co-Founder
and
CEO
of
Space
and
Time,
expressed
excitement
over
the
partnership
with
OKX
Ventures,
stating,
“We
are
thrilled
to
team
up
with
OKX
Ventures
to
empower
the
community
with
the
tools
they
need
to
build
verifiable
applications
at
the
intersection
of
AI
and
blockchain.
Space
and
Time
is
ushering
in
the
next
generation
of
apps
and
DeFi
by
delivering
verifiable
compute
to
smart
contracts,
powered
by
the
industry’s
first
and
only
sub-second
ZK
proof.”

Dora
Yue,
Founder
of
OKX
Ventures,
also
commented
on
the
investment,
highlighting
the
potential
for
improved
user
experiences.
“Space
and
Time
offers
a
solution
for
communities
and
companies,
including
dApps,
with
an
optimal
user
experience.
This
means
users
can
enjoy
high-quality
interactions
with
enhanced
safety,
allowing
for
self-custody
of
digital
assets
via
a
tamperproof
database.
It
also
provides
better
gameplay,
matchmaking,
and
onchain
earnings
for
Web3
game
players.”

Broader
Implications
and
Future
Prospects

This
investment
aligns
with
OKX
Ventures’
focus
on
technology-led
projects
with
real-world
applications.
The
partnership
is
expected
to
leverage
blockchain’s
advantages
fully,
particularly
in
delivering
onchain
data
to
smart
contracts
within
block
time.
Both
companies
are
looking
forward
to
the
release
of
SxT’s
testnet,
which
promises
to
bring
further
advancements
in
the
blockchain
and
AI
space.

According
to

OKX
Ventures,
this
collaboration
is
a
step
towards
realizing
the
vision
of
blockchain
technology:
a
world
that
doesn’t
rely
on
trust,
which
will
become
increasingly
vital
as
AI
continues
to
accelerate.

Image
source:
Shutterstock