Space and Time, a cryptocurrency startup, announced on Tuesday that it has raised $20 million in a strategic fundraising round sponsored by Microsoft Corp.’s venture fund M12. Space and Time, a decentralized data storage infrastructure provider, also got funding in this round from crypto firms such as Framework Ventures, Hashkey, Polygon, and the Avalanche’s Blizzard fund. The additional money will be used to accelerate engineering and product development, with more than 90% going into product and customer adoption. The startup is utilizing programmable “smart contracts” to make big data sets maintained by organizations on and off blockchain protocols more accessible and automated.
