Alisa Davidson
Published: August 20, 2024 at 12:00 pm Updated: August 20, 2024 at 11:22 am
Edited and fact-checked:
August 20, 2024 at 12:00 pm
In Brief
Space and Time Labs unveiled that Cenit Finance will join its product suite under a new name: “Space and Tokens.”
Microsoft M12-backed company Space and Time (SxT) Labs, which is developing a verifiable compute layer for AI and blockchain, unveiled that Cenit Finance will join its product suite under a new name: “Space and Tokens.”
“Joining Space and Time is an exciting opportunity for both Cenit’s customers and our team,” said Carlos Bort, Co-Founder of Cenit Finance and Head of Web3 Data Solutions at SxT, in a written statement. “For our customers, this partnership enhances our tokenomics simulator by leveraging SxT’s decentralized database of high-quality on-chain interactions to create more accurate simulations. We envision a future where tokenomics can be continuously monitored, adjusted, and improved using real-time, verified on-chain data. For our team, as passionate data enthusiasts, we’re excited to join one of the leading players in the blockchain data space. We look forward to integrating our AI capabilities and data expertise with SxT’s technology,” he added.
Space and Tokens is an advanced tokenomics platform aimed at assisting protocols in refining their token utility and distribution strategies. This integration enables protocols to simulate their tokenomics, forecast token performance, and market risks more accurately, and develop detailed analytics and dashboards related to their token economy, all supported by SxT’s validated on-chain data.
SxT is a leading provider of on-chain analytics, offering a no-code AI Studio that enables individuals to create insights and dashboards related to on-chain activity. The integration of Space and Tokens enhances the SxT ecosystem by adding more accurate tools for managing as well as optimizing token economies.
SxT Integrates Space And Tokens, Enabling Developers To Build AI Apps
It is important to note that the project functions as a compute layer for AI and blockchain, integrating tamperproof on- and off-chain data to offer enterprise applications for smart contracts and large language models (LLMs). It has introduced a novel cryptographic method known as Proof of SQL, which allows builders to link analytics to smart contracts, thereby expanding the range of advanced use cases and business logic available on blockchain technology.
Furthermore, it enables builders to create data-driven smart contracts leveraging Proof of SQL, the initial sub-second zero-knowledge (ZK) coprocessor designed for scalable, trustless data processing. SxT‘s AI Studio further streamlines the development of on-chain applications.
With the integration of Space and Tokens, developers will be able to leverage SxT to build AI applications, data-driven smart contracts, and advanced token economies, all within a single, verified platform.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa Davidson
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
In conclusion, the integration of Cenit Finance into the Space and Time product suite as “Space and Tokens” marks a significant step towards enhancing tokenomics and data-driven smart contracts in the blockchain space. With advanced tools for simulation, analytics, and AI applications, this partnership opens up new possibilities for developers and protocols to optimize their token economies and create more accurate simulations. As the world of digital finance continues to evolve, collaborations like this pave the way for innovative solutions that drive the industry forward.
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