Despite only being in the cryptocurrency markets for a few weeks, a Binance-supported altcoin has made waves, particularly after the announcement of a new partnership with Microsoft. This development led to a double-digit price increase for the altcoin, even though Bitcoin’s price fell below $105,000. The altcoin has justifiable reasons for its surge amidst these conditions.
Microsoft and SXT Coin
Through an integration announced at Microsoft’s Build conference, real-time access to blockchain data will be possible across the Microsoft Fabric ecosystem. This access is facilitated by a partnership with Space and Time (SXT).
Space Time indexes network data through its decentralized database, utilizing zero-knowledge proofs. Previously, Microsoft’s venture capital arm M12 participated in the project’s initial investment round, making it an early investor in this initiative.
Nate Holiday, Co-Founder of Space and Time, expressed enthusiasm about the collaboration;
“We are excited to expand our partnership with Microsoft to provide verifiable blockchain data to institutions, enterprises, and developers working on Fabric. This integration enables the construction of numerous new use cases in financial services, Web3 applications, and artificial intelligence on Microsoft technology.”
For blockchain data streaming, Microsoft will support Bitcoin $106,958 , Sui, and Ethereum $2,527 through this partnership.
Sruly Taber, Chief Product Officer of Microsoft Fabric, commented;
“Integrating Space and Time with Microsoft Fabric not only enhances our ability to provide reliable data to developers and institutions, but also aligns with our mission to democratize technology across various industries, including Web3. This integration emphasizes our commitment to providing tools that boost productivity and foster innovation on a global scale.”
