Microsoft Backs Dreamspace Rollout on Coinbase Base Layer 2

Microsoft continues to expand its blockchain investments through its venture unit M12, supporting the public rollout of Dreamspace on Coinbase's Base Layer 2.

Dreamspace allows users to describe an app idea and generates a working application with smart contract logic, reducing technical barriers for developers. The platform uses Space and Time's data infrastructure, which is secured by zero-knowledge proofs.

Over 34,000 applications were built during the beta phase, showcasing the potential of this innovative tool. Microsoft led a $20 million investment in Space and Time in 2022, highlighting the company's commitment to supporting secure and decentralized data storage solutions.