Alyssa Davidson
Posted: August 20, 2024 12:00 PM Updated: August 20, 2024 11:22 AM
Editing and fact checking: August 20, 2024 at 12:00 p.m.
Briefly
Space and Time Labs has announced that Cenit Finance will be joining the family under the new name “Space and Tokens.”
Space and Time (SxT) Labs, a Microsoft M12-backed company developing a verifiable compute layer for AI and blockchain, has announced that Cenit Finance will be joining the family under the new name “Space and Tokens.”
“Joining Space and Time is an exciting opportunity for both Cenit’s customers and our team,” said Carlos Bort, Co-Founder of Cenit Finance and Head of Web3 Data Solutions at SxT, in a written statement. “For our customers, this partnership will enhance our token economics simulator by leveraging SxT’s decentralized database of high-quality on-chain interactions to create more accurate simulations. We envision a future where token economics can be continuously monitored, adjusted and improved using real-time, verified on-chain data. As passionate data enthusiasts, our team is excited to join one of the leading companies in the blockchain data space. We look forward to integrating our AI capabilities and data expertise with SxT’s technology,” he added.
Space and Tokens is an advanced token economics platform that helps protocols improve their token utility and distribution strategies. This integration allows protocols to simulate token economics, more accurately predict token performance and market risk, and develop detailed analytics and dashboards related to token economics, all supported by SxT’s verified on-chain data.
SxT is a leading provider of on-chain analytics, offering a codeless AI studio that allows individuals to create insights and dashboards related to on-chain activity. The Space and Tokens integration strengthens the SxT ecosystem by adding more precise tools to manage and optimize token economics.
SxT integrates spaces and tokens to enable developers to build AI apps.
It is important to note that this project functions as a compute layer for AI and blockchain, integrating tamper-proof on-chain and off-chain data to provide enterprise applications for smart contracts and large-scale language models (LLMs). The project expands the scope of advanced use cases and business logic available on blockchain technology by introducing a new cryptographic method called SQL proofs, which allows builders to connect analytics to smart contracts.
Additionally, builders can create data-driven smart contracts by leveraging Proof of SQL, an initial sub-second zero-knowledge (ZK) coprocessor designed for scalable and trustless data processing. SxT’s AI Studio further simplifies on-chain application development.
By integrating Space and Tokens, developers can leverage SxT to build AI applications, data-driven smart contracts, and advanced token economics all within a single, verified platform.
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About the Author
A dedicated journalist for MPost, Alyssa specializes in the vast areas of cryptocurrencies, zero-knowledge proofs, investments and Web3. She has a keen eye for emerging trends and technologies, and provides comprehensive coverage to inform and engage readers in the ever-evolving digital finance landscape.
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Alyssa Davidson
A dedicated journalist for MPost, Alyssa specializes in the vast areas of cryptocurrencies, zero-knowledge proofs, investments and Web3. She has a keen eye for emerging trends and technologies, and provides comprehensive coverage to inform and engage readers in the ever-evolving digital finance landscape.
More Articles