Gate Ventures Announces Series A Round Investment for Space and Time, the Verifiable Compute Layer… Gate Ventures Announces Series A Round Investment for Space and Time, the Verifiable Compute Layer for AI and BlockchainGate VenturesAugust 28, 2024 — Gate Ventures today announced its Series A investment round in Space and Time. Space and Time is a pioneering force in the decentralized data warehousing space, leveraging innovative technologies to ensure verifiable trust and transparency in data analytics. The company envisions itself as the cornerstone of Web3, offering a unified platform for accessing and analyzing both on-chain and off-chain data with cryptographic guarantees.Crypto data providers today face a crucial issue: the data supplied to onchain models and smart contracts lacks trust and verification, leading to discrepancies in results across analytics platforms. This vulnerability to manipulation and tampering undermines the accuracy of AI model training and data used for business analysis.To address these challenges, Space and Time uses a novel database leveraging zero-knowledge (ZK) proofs, offering a way to cryptographically guarantee that large datasets have not been tampered. It also verifies that queries which retrieve subsets of this data have not been manipulated. By employing Space and Time’s cryptographic commitments against a dataset within the model itself during training, an organization or individual can prove that the tamperproof dataset in Space and Time was the same. Apart from its unique database, the company also allows individuals to create no code dashboards for data analytics and visualization.About Gate VenturesGate Ventures, the venture capital arm of Gate.io, is focused on investments in decentralized infrastructure, middleware, and applications that will reshape the world in the Web 3.0 age. Working with industry leaders across the globe, Gate Ventures helps promising teams and startups that possess the ideas and capabilities needed to redefine social and financial interactions.Website: https://ventures.gate.io/Twitter: https://x.com/gate_venturesMedium: https://medium.com/@gate_ventures
