Space and Time said it had secured $20 million in strategic investment in a statement it had issued to Finbold. The money came from investors such as Microsoft’s (NASDAQ: MSFT) M12 fund, which is the company’s venture capital arm, Avalanche (AVAX), and Polygon (MATIC). Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Stratos, Hash CIB, Coin DCX, and other additional Web3 communities and angel investors were also investors. Nate Holiday, co-founder and CEO of Space and Time, said: He added:  According to Holiday, it would collaborate with its partners in order to develop a data ecosystem for organizations and apps that use decentralized data. 

Additionally, Space and Time has formed a partnership with the blockchain oracle company Chainlink (LINK) and is now participating in the “Startup with Chainlink” program offered by the company. Co-founder of Chainlink Sergey Nazarov said that the company would continue to support Space and Time in their efforts to construct a decentralized data warehouse. Space and Time bring together on-chain and off-chain data in a trustless environment that enables low-latency transactions and enterprise-scale analytics. Decentralized data warehousing features of the protocol enable the building, joining, and querying of immutable and changeable tables with cryptographic assurances, all inside Space and Time’s next-generation data platform.  The funds will be utilized to expedite the process of developing new products and technical solutions. Over 90% of the funds will go into the Space and Time product and client adoption.  To enable new Web3 use cases, familiar corporate solutions that handle data volumes far bigger than the present on-chain capabilities are needed. Space and Time are on a quest to strengthen smart contracts by integrating them with business database capabilities via the use of new cryptography which will enable business logic automation in centralized systems and direct connection to smart contracts.