Space and Time Introduces Its Foundation to Drive the Protocol Forward

Space and Time, a decentralized database platform is shifting its governance model with the launch of the Space and Time Foundation.

The blockchain startup announced the move on Tuesday, April 29, presenting the Foundation as an independent organization that will oversee the long-term vision and growth of the Space and Time ecosystem.

Announcing the Space and Time Foundation.

The Foundation will work alongside the Space and Time community to empower developers to build the next generation of crypto apps with ZK-proven data.

Announced earlier this year, the Foundation is now fully operational. It will serve as a non-profit arm of the protocol, leading its long-term development and decentralization in a phased approach.

The Foundation will have its own board of directors and will gradually assume control over the protocol from the community.

The Space and Time community will continue to play a role in governance through active participation in proposals and voting on critical matters.

The Foundation will focus on several key initiatives, including providing grants for developers to build on Space and Time, facilitating community engagement and involvement, and ensuring complete transparency in all Foundation activities and the protocol’s governance.

Moreover, the Foundation will be pivotal in facilitating the global expansion of Space and Time, both technically to reach new users and geographically to navigate diverse legal and regulatory landscapes.

At the same time, Space and Time Labs, the company behind the protocol, will change its name to MakeInfinite Labs. The for-profit arm of the protocol will focus on research and development, enterprise clients, and technology.

Space and Time is a decentralized data platform built on the blockchain. What sets it apart is that data queries come with zero-knowledge proofs, increasing trust in the system. This enables the data on the network to be verifiable and secure.

Its key innovation is “Proof of SQL,” which creates a ZK proof with each query to the database. While queries are run off-chain, the generated ZK proof is submitted to a smart contract on the blockchain, verifying the data without ever seeing it directly.

At the same time, ZK proofs also enable applications to scale more efficiently, because most data transfers don’t happen on-chain. Instead, the blockchain serves as a registry of zero-knowledge proofs to verify the integrity of the data.