OKX Ventures announces its participation in the open-source AI data protocol Space and Time, led by Microsoft's M12.

ChainCatcher news, OKX Ventures announced a strategic investment in the decentralized database Space and Time (SxT). The core development team of SxT has dedicated the past two years to providing a tamper-proof data technology stack for both on-chain and off-chain applications. The team has introduced a new cryptographic technology called Proof of SQL, which cryptographically proves that the computations of queries and the data are accurate and immutable. Since the launch of the Beta product in March 2023, users have averaged over 500,000 queries per month, with database requests exceeding 5 billion. It has been applied by various dapps and traditional enterprises. Currently, SxT supports data indexing for mainstream on-chain public chains, including Ethereum, Bitcoin, ZKsync, Polygon, Sui, Aptos, and Sei, as well as off-chain data.

Dora Yue, founder of OKX Ventures, stated: "Space and Time, as a verifiable computing layer for Web3, has pioneered a new cryptographic technology, Proof of SQL, which, combined with a decentralized data warehouse, cryptographically proves that the computations of queries and the data are accurate and immutable. Under the zk co-processor, the SxT solution, which integrates large language models (LLM), can optimize the user experience for on-chain applications such as DeFi during self-custody, ensuring asset security and addressing issues like key loss, as well as transactions, storage, and equipment upgrades of digital assets in GameFi, preventing incidents of asset theft and contract modification. OKX Ventures actively advocates for innovation in blockchain technology and its practical applications. We are very much looking forward to the launch of the testnet for Space and Time. SxT ensures the security and immutability of data under the optimization of business model frameworks for traditional enterprises and on-chain applications, providing support for decentralized database services and promoting sustainable business development."