Space and Time Transitions to Foundation Model for Decentralized Governance

Space and Time, a Verifiable Computation Layer, has announced the establishment of the Space and Time Foundation. This new entity will collaborate with the community to assist developers in leveraging ZK-verified data to build the next generation of cryptographic applications. This move signifies a shift in core responsibilities from a traditional corporate structure to an independent steward.

The foundation will be governed by a board independent of MakeInfinite Labs, the original developers of Space and Time, which have now been renamed. This board will oversee the launch of the Space and Time release and ecosystem roadmap, ensuring that the development and implementation of the technology remain aligned with the community's goals and expectations.

This transition to a foundation model is a strategic move that aims to foster greater community involvement and decentralization. By establishing an independent governing body, Space and Time seeks to ensure that the development of its technology is driven by the needs and interests of its users, rather than the priorities of a single corporate entity. This approach is expected to enhance transparency, accountability, and innovation within the Space and Time ecosystem.

The establishment of the Space and Time Foundation marks a significant milestone in the evolution of the Verifiable Computation Layer. It reflects a growing trend in the blockchain and cryptographic communities towards decentralized governance and community-driven development. This shift is likely to have a positive impact on the adoption and integration of ZK-verified data in various applications, as developers and users gain greater confidence in the technology's reliability and security.