Grayscale, known for digital asset investments, has announced the launch of a new investment fund focused on SXT, the native token of the Space and Time blockchain protocol.
New Investment Initiative from Grayscale: Investment Fund Launched Focused on Space and Time’s SXT Token
The fund announced under the name “Grayscale Space and Time Trust” offers individual and institutional accredited investors the opportunity for daily subscription.
Grayscale Products and Research President Rayhaneh Sharif-Askary stated the following in the announcement of the fund:
“Grayscale Space and Time Trust provides access to an innovative project that bridges the worlds of Web 2.0 and Web 3.0, combining corporate-level data infrastructure with blockchain technology.”
What is Space and Time?
Space and Time, developed by MakeInfinite Labs and brought to life with the support of Microsoft, aims to provide real-time and verifiable data processing infrastructure for smart contracts, artificial intelligence, and decentralized applications (dApp’ler).
A project that launched a public and permissionless mainnet (mainnet) in May aims 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 like DeFi and artificial intelligence.
SXT Price is Rising
With Grayscale’s announcement of a new fund, the price of the SXT token has risen by 3.25% in the last 24 hours, reaching $0.078. This development reinforces Grayscale’s interest in Web3 and artificial intelligence infrastructures, indicating that data-driven blockchain projects like Space and Time are beginning to attract more interest from institutional investors.
*It is not investment advice.
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