Space and Time Launches on Mainnet to Power a New Generation of Data-Driven Crypto Apps

By: finbold|2025/05/08 22:15:02
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Space and Time Launches on Mainnet to Power a New Generation of Data-Driven Crypto Apps San Francisco, California, May 8th, 2025, FinanceWire Space and Time , the Microsoft-backed blockchain for zero-knowledge (ZK)-proven data, is live on its public, permissionless mainnet. Space and Time is designed to deliver ZK-proven data to smart contracts to power a new generation of data-driven crypto applications. It indexes data from other major blockchains, including Ethereum, and stores it across a decentralized network of database validators. Developers can access, query ZK-prove and connect this data back to their smart contract using Proof of SQL , Space and Time’s sub-second ZK coprocessor for SQL database queries. “Prior to Space and Time, onchain applications had no way to query basic user data from a database of blockchain activity without introducing security risks and tampering. In addition, enterprises had no way to securely connect their cloud databases with smart contracts. Today we’re thrilled to announce the mainnet launch of Space and Time, which will empower developers to build sophisticated, data-driven onchain applications secured by cryptographic proofs,” said Scott Dykstra, Contributor #001 at Space and Time . Smart contracts today can’t natively access historical, cross-chain or offchain data, which limits the complexity of onchain apps. Chainlink pioneered external data access for smart contracts with secure oracles and cross-chain messaging, solving key pieces of the context problem. The next wave of onchain innovation—spanning everything from dynamic financial instruments to data-rich AI agents and tokenized real-world systems—will require a trustless database layer for complex data retrieval. Space and Time enables this with a verifiable, decentralized database network that gives smart contracts the ability to query the full history of Ethereum and beyond. “Smart contracts need context to make decisions, whether it’s real-time market data, cross-chain messaging or historical onchain activity. Chainlink provides the connective tissue for data to move securely across systems, and Space and Time brings powerful new compute capabilities that complement that vision. Together, we’re pushing the boundaries of what developers can build onchain,” said Sergey Nazarov, Co-Founder of Chainlink . Space and Time was created by MakeInfinite Labs , a frontier protocol research lab that is backed by Microsoft and working alongside major financial institutions. In addition to its work on Space and Time, the firm has developed key technologies to the broader crypto ecosystem, such as Proof of SQL, Blitzar , an Elastic Network ZK Chain for Space and Time, and Chainlink DeFi Yield Index . “At MakeInfinite Labs, we’re focused on building foundational infrastructure to enable the next generation of crypto applications. Contributing core technologies like Proof of SQL and the original architecture of Space and Time is part of that vision. We’re excited to see the ecosystem take this work forward and unlock new possibilities for verifiable, data-driven applications,” said Nate Holiday, CEO of MakeInfinite Labs & Co-Founder of Space and Time . Space and Time is secured by a decentralized set of validators, and anyone can contribute to the network by providing high-quality datasets, staking or running a validator node. About Space and Time Space and Time is the blockchain for ZK-proven data, which enables smart contracts to trustlessly access and compute over data from any chain or source. Powered by Proof of SQL, a sub-second ZK coprocessor, Space and Time empowers developers to build more intelligent, data-rich applications with verifiable data. For more information, visit : Website | X | Discord | Telegram | LinkedIn | YouTube For media inquiries, please contact : [email protected] About MakeInfinite Labs MakeInfinite Labs is a frontier protocol research lab contributing to some of the most prominent protocols and ecosystems across crypto, including the creation of Space and Time. MakeInfinite Labs raised $50 million from Microsoft’s M12 Ventures and other leading investors to build the infrastructure that enables developers and creators to build data-driven applications, tokenize and monetize and win in the AI economy. For more information, visit : Website | X | LinkedIn For media inquiries, please contact : [email protected] Catherine Daly [email protected]

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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