Nate Holiday, cofounder and CEO of Space and Time, emphasizes the need for transparency in an AI-driven world where distinguishing between AI and human-generated content is increasingly challenging.

Space and Time (SxT), a startup focused on integrating blockchain technology with artificial intelligence, aims to tackle issues of verifiability and trust in data management.

Recently, SxT raised $20 million in a Series A funding round, bringing its total funding to $50 million, with notable investors including Framework Ventures and Lightspeed Faction.

Other investors in this funding round include Arrington Capital, Hivemind Capital, Microsoft's M12 Ventures, DCG, F-Prime Capital, OKX Ventures, Circle Ventures, and Alumni Ventures.

The new funding will enhance SxT's engineering and product development efforts, promoting ecosystem and community growth.

According to OKX Ventures, SxT's technology has already generated over $4.5 million in annual recurring revenue and is compatible with major blockchain networks such as Ethereum and Bitcoin.

SxT has developed a product called Proof of SQL, a zero-knowledge coprocessor that enables trustless data processing and allows smart contract developers to verify data integrity.

Since entering beta in April 2023, the Proof of SQL stack has processed over 5.3 billion database requests, averaging 500,000 queries per month.

This technology is particularly useful in decentralized finance (DeFi) for assessing borrower credibility and monitoring asset performance.

The company's mission is to decentralize data ownership, preventing a few powerful entities from dominating AI-based applications.

Michael Anderson of Framework Ventures highlighted the potential for SxT to extend its use cases beyond blockchain into traditional finance through blockchain-native tools like zero-knowledge proofs.

Additionally, SxT is working on creating verifiable large language models (LLMs) to enhance the safety and reliability of AI applications.