Microsoft M12 invested in the Web3 platform Space and Time https://gagarin.news/news/jamaica-launches-its-own-cbdc/ in the round of $ 20 million
The Space and Time Web3 Platform has attracted strategic funding for $ 20 million from large investors led by the Microsoft M12 Foundation. This was reported by FORKLOG by company representatives.
Among other participants in the round: Framework Ventures, HashKey, Foresight Ventures, Sevenx Ventures, Polygon, Blizzard, Stratos, Hash Capital, Coin DCX, as well as several leading Web3 communities and business angels.
Space and Time automates business logic using patented cryptography Proof-OF-SQL. According to the developers, a direct connection of smart contracts to a decentralized storage of the platform data provides wide options for its use in Web3.
The planned integration of Space and Time with Microsoft Azure will provide customers with the latest access to analytics based on blockchain data.
The project also intends to cooperate with the ChainLink platform to expand the capabilities of hybrid smart contracts when working in a disgusting environment. Developers will be able to create multi -minute dapps, as well as decentralized and inexpensively generate analytical data.
Space and Time uses the resulting funds for further design and development of products.
Earlier, the company attracted $ 10 million in the framework of the sowing round of funding, headed by Framework Ventures.
Recall that last week Immunefi cryptostarter, which helps Defi projects to launch programs to search for errors on its platforms, closed the round of financing series A for $ 24 million.
Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.