TechFlow News, on August 27, OKX Ventures announced a strategic investment in the decentralized database Space and Time (SxT). Over the past two years, the core development team of SxT has been dedicated to providing tamper-proof data technology stacks bridging on-chain and off-chain environments. The team has pioneered a new cryptographic technique called Proof of SQL, which cryptographically verifies that query computations and data are accurate and immutable. Since its beta product launch in March 2023, the platform has seen over 500,000 average monthly queries and more than 5 billion database requests from various dApps and traditional enterprises. SxT currently supports data indexing for major on-chain public blockchains including Ethereum, Bitcoin, ZKsync, Polygon, Sui, Aptos, and Sei, as well as off-chain data.
Dora Yue, founder of OKX Ventures, said: "As a verifiable computing layer for Web3, Space and Time has introduced the groundbreaking cryptographic innovation of Proof of SQL. By combining this with a decentralized data warehouse, it cryptographically ensures the accuracy and immutability of query computations and data. Under zk coprocessor architecture, the SxT solution integrating large language models (LLM) can optimize user experience in self-custodial on-chain applications such as DeFi, securing assets while addressing issues like private key loss. It also enables secure trading, storage, and upgrade of digital assets in GameFi, preventing asset theft and unauthorized contract modifications. OKX Ventures actively promotes blockchain technological innovation and real-world application adoption. We look forward to the launch of Space and Time's testnet, as SxT strengthens business model frameworks for both traditional enterprises and on-chain applications by ensuring data security and immutability, providing support through decentralized database services to promote sustainable business growth!"
