This post was originally published on Coinspeaker
The Space and Time network taps into the fast-growing intersection of artificial intelligence and blockchain technology to enhance the mainstream adoption of smart contracts and DeFi protocols.
Cypher Capital, a Dubai-based multi-strategy investment firm with a vast portfolio in the blockchain space, has announced its major role in the Series A funding round for the Space and Time (SxT) network, a verifiable compute layer for artificial intelligence and blockchain technology. According to the announcement shared with Coinspeaker, Cypher Capital led other investment firms including Framework Ventures, Lightspeed Faction, Arrington Capital Hivemind Capital, Microsoft’s M12 Ventures, DCG, F-Prime Capital, OKX Ventures, Circle Ventures, and Alumni Ventures, among others.
As a result, Space and Time has raised a total of $50 million from different investors to build the necessary infrastructure and community to enable mainstream adoption of smart contracts.
The $20 million secured in the Series A funding round will be channeled into product development, general ecosystem growth, and to strengthen community engagements ahead.
“We are always on the lookout for projects that stand to make a significant impact across the industry,” said Harsh Agarwal, Investment Lead at Cypher Capital. “Space and Time’s innovative approach to integrating AI with
— Read the rest of this post, which was originally published on Coinspeaker.
