On June 24th, Grayscale announced the launch of a significant statement, announcing the launch of Space and Time (SXT) trust accomplice, providing a direct channel for eligible investors to invest in SXT. This move has attracted widespread attention in the industry, reflecting the increasing confidence of institutional investors in Web3 data infrastructure.

Space and Time is a decentralized data platform, backed by Microsoft M12. The platform aims to combine the reliability of blockchain with enterprise-level data processing capabilities, with the goal of supporting areas such as artificial intelligence, decentralized finance, and smart contracts. After its mainnet went live in May, the price of SXT saw a significant increase, rising by over 15% to reach $0.075.

Grayscale's launch of the SXT trust accomplice not only provides investors with new investment options but also demonstrates the traditional financial institutions' recognition of Web3 technology. The asset under management (AUM) of the trust accomplice has reportedly reached $13.36 million, further confirming the market's confidence in the Space and Time project.

With the continuous development of Web3 technology, the importance of data processing and management in the blockchain ecosystem is becoming increasingly prominent. Space and Time, as a project focusing on data infrastructure, has attracted much attention for its future development. However, investors should also fully understand the high-risk nature of the cryptocurrency market while focusing on potential opportunities.

This event not only represents a new investment opportunity, but also an important signal of Web3 technology gradually moving towards the mainstream. With more traditional financial institutions and tech giants starting to participate in Web3 projects, we can anticipate that the integration of blockchain technology with existing data processing systems will accelerate, potentially bringing forth more innovative applications and business models.