Subspace Labs

Subspace Labs is a company specializing in services and solutions for Web3. It has developed a platform called Subspace Network, a layer-zero protocol that can act as an infrastructure layer for Web3, enabling developers to scale their projects. Subspace Labs was founded in 2018, and it has team members in locations around the world, including Ukraine, China, South Korea, and the United States.

Subspace Network is described by the Subspace Labs team as a fourth-generation blockchain, meaning that it is the next step in technological advancement from other third-generation blockchains, such as Solana and Ethereum 2.0. It uses a proof-of-capacity consensus mechanism and allows for existing blockchains and decentralized applications (dApps) to scale while providing quality and secure services. Subspace Network is intended to be a space for cryptocurrency-related products, such as NFTs, GameFi, and the Metaverse.

Unlike other blockchains that use mining and staking, Subspace Network uses farming, which allows anyone to use space on their computer and earn rewards for producing blocks. This is considered more energy efficient and sustainable because it is storage intensive. Developers wanting to use Subspace Network can pay a one-time fee and then start building dApps. Users can also stake coins on an executor node to process smart contracts. Doing this enables them to earn transaction fees.