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Space and Time DB – Web3 compute layer: Project Breakdown

Tekk by Tekk
January 6, 2024
in Project Breakdown
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Overview

  • Space and Time is a verifiable compute layer for Web3, enabling trustless data processing with zero-knowledge proofs.
  • It provides sub-second analytics for tamperproof results and enhances user and developer experiences in Web3.
  • Integrates with Chainlink and allows secure combination of public on-chain and private off-chain data.
  • Specific blockchain affiliations or native tokens for Space and Time DB are not detailed.

Use Case

  • Acts as a decentralized data warehouse for blockchain applications, including dApps and DeFi.
  • Offers tamperproof tables, Proof of SQL, multichain support, and industry partnerships.
  • Addresses Web3 data management challenges by providing secure, decentralized, and verifiable data queries.

Adoption

  • Gaining traction with features like AI SQL, dashboards, and ZK-proofs for verifiable compute.
  • An ecosystem is being developed through community engagement and product launches.
  • Partnerships with Sotero for encryption and Truflation for data aggregation.
  • Target users include smart contract developers and enterprises across various sectors.
  • Raised $20 million from investors including Microsoft; no TVL metric provided.

Team and Investors

  • Scott Dykstra, CTO with experience in database and Web3 startups, advisor to Sotero.
  • Jay White, Head of Research with a focus on mathematical and computational problems.
  • Nate Fedorov, Chairman, strategic advisor to Bain & Co. and Chainlink Labs.
  • Team includes Ron Bodkin, Raymond Liao, Stephen Hilton, and David Ribeiro Alves.
  • Team members are doxxed with backgrounds in strategic consulting, database technology, and Web3.

Launch

  • Controlled release began at the end of 2022; Whitepaper v1.0 released on 01/04/2024.
  • Specific launch details for additional aspects of the project are not provided.
  • No public information about launching a token; company warns against scam claims.
  • No token launch date or use case since there is no associated token.
  • No tokenomics discussed due to the absence of a token launch announcement.

Summary

  • Space and Time DB is a key player in Web3 data warehousing without a specific blockchain or native token.
  • Project is developing traction and partnerships, with a team experienced in technology and Web3.
  • Data warehouse release has begun, with no plans for a token launch.
  • Follow official Space and Time DB channels for future updates and developments.

Tags: Project BreakdownToken Research
Tekk

Tekk

A humble palm tree that rides waves and writes the best crypto newsletter on the planet | Subscribe https://wavewisdom.beehiiv.com

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