What Is Space and Time (SXT): Verifiable Compute Layer For Blockchain Data

Key Takeaways

• Space and Time is a decentralized Layer 1 blockchain that enables verifiable, zero-knowledge proven database queries connecting on-chain and off-chain data for smart contracts and AI applications.
• SXT serves as the network’s native utility token facilitating staking for network security, payments for data queries and storage, and incentivizing high-quality data contributions across the ecosystem.
• The platform features Proof of SQL, a novel zero-knowledge coprocessor that delivers sub-second database query verification enabling trustless data processing at enterprise scale.
• Founded by Nate Holiday and Scott Dykstra in 2022, the project has secured $50 million in funding with strategic backing from Microsoft’s M12 fund and partnerships with Chainlink Labs.
• Space and Time’s mainnet launched in May 2025, positioning it as the first blockchain infrastructure to deliver cryptographically proven database results for DeFi, gaming, and enterprise applications.

Space and Time (SXT) represents a revolutionary blockchain infrastructure designed to bridge the gap between traditional database systems and decentralized applications through verifiable compute capabilities. The platform addresses critical limitations in current blockchain technology by enabling smart contracts to access and process complex data queries across multiple chains while maintaining cryptographic proof of accuracy.

Recent milestones include the successful mainnet launch in May 2025 and growing adoption among DeFi protocols and enterprise clients. Strategic partnerships with Microsoft and Chainlink Labs have positioned the platform at the forefront of blockchain data infrastructure development. As of March 31, 2025, SXT trades at approximately $0.112 with a circulating supply of 1.4 billion tokens and a market capitalization of approximately $157 million.

What Is Space and Time

Space and Time operates as a groundbreaking decentralized data warehouse that fundamentally transforms how smart contracts and AI applications access and process data. The platform serves as a verifiable compute layer that scales zero-knowledge proofs across a decentralized infrastructure, enabling trustless data processing for blockchain applications, large language models, and enterprise systems. By combining indexed blockchain data from major networks with off-chain datasets, Space and Time creates a comprehensive data ecosystem that maintains cryptographic integrity throughout the entire query process.

The platform’s architecture centers around its innovative Proof of SQL technology, a novel zero-knowledge proof system that ensures database query results remain tamperproof and verifiable. This breakthrough enables developers to execute complex SQL queries across vast datasets while receiving cryptographic guarantees that the results have not been manipulated or corrupted. The system addresses a fundamental limitation in current blockchain infrastructure where smart contracts cannot natively access historical, cross-chain, or off-chain data without introducing security vulnerabilities.

Space and Time’s decentralized network consists of database validators who collect, index, and secure data into tamperproof tables using Byzantine Fault Tolerant consensus mechanisms. These validators participate in threshold signature schemes to produce cryptographic commitments representing the current state of stored data. This validator network ensures that every piece of data entering the system undergoes verification before being recorded on-chain, creating an end-to-end verifiable pipeline from data ingestion through query execution.

Who Is Behind Space and Time?

Space and Time was co-founded by Nate Holiday and Scott Dykstra in 2022, bringing together complementary expertise in data infrastructure and blockchain technology. Nate Holiday serves as CEO and brings over a decade of experience leveraging data and automated analytics to drive innovation across various industries. His leadership has been instrumental in establishing strategic partnerships and securing significant funding for the platform’s development and expansion.

Scott Dykstra functions as Chief Technology Officer and Co-Founder, contributing deep technical expertise in database systems and zero-knowledge cryptography. His background in developing scalable data infrastructure solutions has been crucial in architecting the platform’s novel Proof of SQL system and decentralized validator network. Dykstra’s technical vision has guided the development of Space and Time’s core innovations in verifiable compute.

The project has attracted substantial institutional support, raising $50 million in total funding across multiple rounds. Microsoft’s M12 venture fund led a strategic $20 million Series A round, demonstrating significant corporate backing for the platform’s technology. Additional investors include prominent venture capital firms focused on blockchain infrastructure and enterprise applications. Strategic partnerships with Microsoft and Chainlink Labs provide technical collaboration and market validation, with Microsoft contributing to co-engineering tools for on-chain data access and Chainlink integrating Space and Time’s capabilities into their oracle network.

How Space & Time Works: A Technical Explanation

Space and Time operates through a sophisticated multi-layered architecture that combines blockchain consensus mechanisms with advanced cryptographic techniques to deliver verifiable database queries. The system begins with a decentralized network of validators who collect and index data from major blockchain networks including Ethereum, Polygon, BNB Chain, Sui, and Avalanche, along with off-chain data sources. These validators use Byzantine Fault Tolerant consensus to maintain consistency and agree on cryptographic commitments that represent the current state of all stored data.

The platform’s revolutionary Proof of SQL system functions as a zero-knowledge coprocessor that executes database queries and generates cryptographic proofs of the results’ accuracy. When a smart contract or application requests data, a validator node processes the SQL query against the tamperproof database and produces a zero-knowledge proof demonstrating that the computation was executed correctly. This proof is then verified on-chain before the results are delivered to the requesting application, ensuring complete trustlessness throughout the process.

The SXT token plays a central role in the network’s economic model through multiple utility functions. Validators must stake SXT tokens to participate in consensus and can be slashed for malicious behavior or excessive downtime. The staking mechanism creates economic incentives for honest behavior while securing the network against attacks. Users pay SXT tokens for querying data, inserting information, and executing verifiable compute operations, with fees distributed between validators and data providers based on their contributions to the ecosystem.

Space and Time’s data marketplace enables table owners to earn SXT tokens by providing high-quality datasets to the network. This creates a sustainable economic model where data contributors are rewarded for maintaining valuable information while users pay fair market rates for access. The platform supports both real-time queries for low-latency applications and large analytical jobs for complex data processing, making it suitable for diverse use cases from DeFi protocols to enterprise analytics.

Current Status Of Space & Time In The Wider Ecosystem

Space and Time occupies a unique position within the blockchain infrastructure sector as the first platform to deliver cryptographically verified database queries at scale. The platform addresses critical gaps in current blockchain technology where smart contracts lack access to complex data processing capabilities, positioning it as essential infrastructure for the next generation of decentralized applications. The successful mainnet launch in May 2025 marked a significant milestone, transitioning from development to production-ready infrastructure serving real-world applications.

The verifiable compute sector represents a rapidly growing market segment as DeFi protocols, AI applications, and enterprise systems increasingly require trustless access to complex data processing. Space and Time’s first-mover advantage in zero-knowledge proven database queries provides significant competitive positioning as traditional databases lack cryptographic verifiability while existing blockchain solutions cannot handle enterprise-scale data processing requirements. The platform’s partnerships with established technology companies like Microsoft and Chainlink validate its technical approach and market potential.

The broader blockchain data infrastructure market continues expanding as more applications require sophisticated data processing capabilities. Space and Time’s ability to bridge on-chain and off-chain data sources addresses a fundamental requirement for enterprise adoption of blockchain technology. The platform’s focus on verifiability and trustlessness aligns with growing demand for transparent and auditable data processing across financial services, gaming, and AI applications.

Space & Time’s (SXT) Price Journey

SXT experienced its initial trading activity following the token generation event, with early price discovery reflecting market enthusiasm for verifiable compute infrastructure. The token reached initial highs during the mainnet launch period in May 2025, driven by increased adoption among DeFi protocols and enterprise clients implementing Space and Time’s data infrastructure for production applications.

Market performance has been influenced by broader cryptocurrency trends alongside specific developments in the data infrastructure and zero-knowledge proof sectors. The token has demonstrated resilience during market downturns while benefiting from positive catalysts including new partnership announcements, mainnet milestone achievements, and growing usage metrics from the validator network and data marketplace.

Current Data & Interesting Statistics About Space & Time

• Market capitalization of approximately $157 million with a total supply of 5 billion SXT tokens as of March 2025
• Circulating supply of 1.4 billion tokens with staking mechanisms securing the decentralized validator network
• Successfully raised $50 million in total funding with strategic backing from Microsoft’s M12 venture fund
• Mainnet launched in May 2025 after extensive development and testing phases across multiple blockchain networks
• Active partnerships with Microsoft for enterprise data tools and Chainlink Labs for oracle network integration
• Supports data indexing across major blockchain networks including Ethereum, Polygon, BNB Chain, Sui, and Avalanche
• Validator network operates delegated proof-of-stake consensus with 7.9% estimated annual staking rewards

What Is The Future Of Space and Time?

Space and Time’s roadmap focuses on expanding validator network participation, introducing additional blockchain integrations, and enhancing AI application support through advanced verifiable compute capabilities. The platform plans to implement permissionless operations for indexers and provers while maintaining security through economic incentives and cryptographic verification. Development priorities include scaling Proof of SQL performance and expanding the data marketplace with additional enterprise data sources.

The project’s long-term vision encompasses becoming the foundational infrastructure for an AI-driven economy where smart contracts and AI agents can access verified data processing at scale. Success factors include maintaining network security through effective staking mechanisms, growing the ecosystem of data providers and consumers, and continuing technical innovation in zero-knowledge proof systems. The convergence of AI and blockchain technologies positions Space and Time as critical infrastructure enabling sophisticated on-chain applications that require complex data processing capabilities.

Space & Time Distorting The Status Quo

Space and Time addresses fundamental limitations in current blockchain architecture by enabling smart contracts to access complex data processing while maintaining cryptographic verifiability. The platform’s innovative Proof of SQL system and decentralized validator network create new possibilities for DeFi protocols, AI applications, and enterprise systems that require trustless data access.

With strong institutional backing, strategic partnerships, and successful mainnet deployment, Space and Time is positioned to become essential infrastructure for the next generation of blockchain applications. As the industry moves toward more sophisticated use cases requiring verified data processing, Space and Time’s first-mover advantage in zero-knowledge proven databases makes it a compelling investment opportunity for those seeking exposure to the evolving blockchain infrastructure sector.