According to The Block, software giant Microsoft announced that it has partnered with cryptocurrency project Space and Time Labs (SXT).
As part of this partnership, Space and Time will provide real-time data streaming to Microsoft’s Fabric platform.
Microsoft’s AI-powered data platform Fabric has partnered with Space and Time to become the first Web3 data provider that will allow developers to access real-time blockchain data from Bitcoin, Ethereum, and other networks, according to an official statement.
“By integrating with Microsoft Fabric, Space and Time not only expands our ability to deliver trusted data to developers and businesses, but also aligns with our mission to democratize technology across industries, including Web3,” said Sruly Taber, Chief Product Manager, Microsoft Fabric. “This integration underscores our commitment to providing tools that increase productivity and drive innovation on a global scale.”
“Integrating SXT makes it easier for Microsoft developers to access crypto data and provides a reliable and efficient solution for businesses to leverage insights about on-chain activity directly within their own applications,” said Nate Holiday, co-founder and CEO of Space and Time.
Holiday said major banks are among its potential target customers.
Following the news, the SXT price rose.
M12, Microsoft’s VC arm, previously participated in SXT’s Series A and led its 2022 strategic funding round.
*This is not investment advice.
