Microsoft’s venture unit, M12, is supporting the public rollout of the AI app builder called Dreamspace that will allow users to easily launch apps on Coinbase’s Base Layer 2.
Dreamspace, as the announcement says, enables users to “describe what they want to build and the platform generates a working app complete with smart contract logic, without code.”
Space and Time, the so-called data blockchain backed by Microsoft, secures the data layer underneath Dreamspace. Microsoft led a $20 million investment in Space and Time in 2022.
“Space and Time was built to make verifiable data accessible to any application, at any scale,” Space and Time co-founder Nate Holiday said. “Dreamspace is where that infrastructure meets the people building the next wave of the internet. When the data layer handles itself, the only thing left to focus on is what you want to create.”
Dreamscape is not the only blockchain-based AI app builder. Coinbase, for instance, has supported the development of AgentKit toolkit for giving AI agents secure wallets and onchain capabilities, particularly on the open source x402 protocol.
Wallets, like the Changpeng Zhao-backed Trust Wallet, are also starting to roll out agentic capabilities. General-purpose AI platforms, like Anthropic’s Claude or the decentralized and private Venice AI, are also increasingly adept at software development.
That said, users of Dreamscape, which was released in beta last year, have reportedly built more than 34,000 apps. This includes apps developed by students in Indonesia.
Last year, Microsoft Fabric integrated Space and Time’s data feeds. Space and Time uses zero-knowledge proofs to verify and index information, which is stored across a decentralized network of database validators.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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