Although the crypto money market is in decline, the investments made by large companies in the background continue at full speed. Every day, a new one is added to the companies that invest in the Web3 field.
In this context, the latest initiative to raise a significant amount of money from the funding round Space and Time it happened.
The aim of this project, which uses the Chainlink (LINK) infrastructure, is to create a data ecosystem, namely a database, for decentralized applications.
The project, which enables users and developers to reliably analyze their on-chain and off-chain data and then connect it directly to smart contracts via SQL cryptographic proof, has so far received investment from many companies.
of Space and Time Among the companies it has invested in are Polygon, Avalanche, Framework Ventures and Stratos, while Microsoft’s venture fund M12 raised $ 20 million in the last financing round.
With this agreement, the project will be integrated into the Microsoft Azure platform in the coming period.
In particular, it is seen that many Web3 projects are built on Chainlink infrastructure. The success of such projects in the future will also have a positive effect on the LINK price.
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