Welcome to the first edition of our Space and Time ecosystem update. 

Space and Time’s SXT Chain is an open-source, layer-1 blockchain focused on securing financial data onchain by providing infrastructure for verifying data and queries. 

SXT Chain allows validators to check data  updates and post records onchain to increase visibility and transparency. In practice, validators are responsible for maintaining data integrity, while prover nodes execute queries and prove the results are correct without requiring others to recompute them.

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The metrics are accurate at the time of publication.

On May 5, Space and Time released Virtual Vaults, a platform that lets institutional lenders and borrowers set up bilateral lending agreements that verify positions held across centralized exchanges and DeFi protocols. The Vaults serve to make positions more transparent, as the information is constantly updated, and show exactly which assets qualify as eligible collateral, what thresholds trigger alerts, and which venues to monitor.

The aim is to use bilateral agreements to reduce counterparty risk by way of increasing visibility into borrowers’ positions for large, traditional investors like banks and asset managers.

Onchain lending is a massive market, with $40.58 billion in total value locked at the time of publication. The sheer amount of capital moving in this lending market shows that while lending protocols have achieved a certain level of product-market fit, to attract more institutional capital, the infrastructure still needs to mature.

On April 23, Space and Time launched Dreamspace, an AI-powered app builder that lets users put together applications by using natural-language text prompts. Users can describe what they want to build, and the platform will generate the front-end as well as write and audit the smart contract. These apps can then be deployed to Ethereum Virtual Machine (EVM) compatible chains.

The platform was built using Microsoft's Azure AI Foundry and OpenAI, as well as the Base blockchain for onchain deployment. Dreamspace also integrates with Chainlink’s Price Feeds, Functions, and Cross-Chain Interoperability Protocol in order to pull market prices and connect to external data sets.

Building a functional crypto application has historically required coding expertise, a separate data indexing stack, and manual integration of services like price oracles. As a result, it has kept the builder pool limited to technical teams. Dreamspace is designed to merge all these moving pieces by using AI tools and therefore lower the barrier to entry.

W3.io teamed up with Space and Time to build a verification layer for AI-driven financial workflows. This system uses W3.io to handle the orchestration and execution of financial workflows run by AI agents, while Space and Time stores the underlying records onchain so they can’t be altered.

The setup is designed to give enterprises a continuous audit trail, stretching from the first step of a workflow through to final settlement. W3.io verifies that the workflow executed correctly, and Space and Time verifies that the record of what happened remains intact.

The partnership addresses the accountability gap that arises when AI agents start moving money across vendors and systems. Building autonomous financial workflows has historically forced enterprises to choose between speed and security, as cloud-hosted databases can be fast, but tend to operate as closed systems controlled by a single vendor, and manual reconciliation tends to be slow.

This verification layer diminishes that tradeoff by building verification into the architecture, rather than adding it after the fact.

On April 7, Space and Time became a Microsoft co-sell Cloud Partner, which means Microsoft's sales teams can pitch Space and Time, alongside its own products, to their enterprise customers. The move follows Space and Time's integration with Microsoft Fabric last year, which allowed enterprises to pull onchain data directly into their existing analytics workflows.

This partnership alters how Space and Time reaches enterprise buyers. Instead of selling blockchain infrastructure only to other blockchain companies, the “co-sell” status allows Space and Time to be a part of Microsoft's enterprise sales motion, exposing it to a whole new category of buyers.

It’s also a stamp of approval, as Space and Time had to meet Microsoft's security and compliance requirements to become a co-sell partner.

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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.