The decentralized data platform Space and Time has completed a $20 million Series A financing round, with participation from Framework Ventures and others.

according to Fortune, the decentralized data platform Space and Time has announced the completion of a $20 million Series A funding round, with participation from Framework Ventures, Lightspeed Faction, Arrington Capital, Hivemind Capital, among others. Specific valuation data has not yet been disclosed. The company is dedicated to bringing the immutability of blockchain into AI applications to address the verifiability issues posed by AI.

Nate Holiday, co-founder and CEO of Space and Time, stated that in an AI-driven world, distinguishing between AI-generated content and human/business-generated content has become crucial. The company's technology aims to ensure the verifiability, credibility, and transparency of outputs from AI applications. Space and Time was initially positioned as a decentralized version of the data storage service Snowflake, providing fast data retrieval services for blockchain applications that require storing large amounts of user information, such as DeFi.