Grayscale Launches Investment Trust for SXT, the Native Token of Microsoft-Backed Space and Time Blockchain: A Step Forward for Blockchain-Based AI Adoption

Crypto asset manager Grayscale has launched a new investment trust that provides exposure to SXT, the native token of the Space and Time blockchain. The Grayscale Space and Time Trust is now available to eligible individual and institutional investors, the asset manager announced via email on Tuesday.

Space and Time is a data warehouse that supports decentralized applications that use artificial intelligence (AI) and smart contracts. It is backed by Microsoft's venture capital arm M1. The network is built to solve the "one critical need" around which AI and blockchain are converging: verifiable data.

"Verifiable data can help ensure that we can trust the underlying datasets used for AI and smart contract applications," said Rayhaneh Sharif-Askary, head of product at Grayscale. The aim of blockchain-based AI is to prevent the data being controlled by a small number of tech behemoths, who would thereby be able to dominate the industry.

Investing in SXT through its new single-asset trust, Grayscale will provide professional traders with a means to gain exposure to this sector of blockchain finance.

In addition to this new investment trust, a startup is looking to pay a 30% yield by tokenizing AI infrastructure. This move could further drive the adoption of blockchain technology in the AI sector.

The launch of the Grayscale Space and Time Trust highlights the growing interest in blockchain technology and its potential to revolutionize various industries, including AI. As more companies and investors explore the potential of blockchain, it will be interesting to see how this technology continues to shape the future of finance and beyond.