what's 42space?
42space, formerly known as Alkimiya, is a permissionless protocol that enables the creation, trading, and settlement of synthetic blockspace resources such as Bitcoin transaction fees and Ethereum gas. It allows users to hedge or speculate on network activity by trading the rise and fall of these fees without directly interacting with the underlying blockchains. The protocol launched its mainnet for Bitcoin blockspace markets and has expanded to include L2 gas markets like Base. Key features include structured products for hashpower contracts and integration with major crypto networks to provide liquidity and risk management tools for miners, users, and service providers.
42space, a YZI Labs 'Events futures' engine, issues liquid assets for real-world events, a hybrid prediction market.
Links
x.com/42spaceCo-hosted a builders brunch event with AllScale on February 17, 2026.
Launched prediction markets with APRO Oracle tied to the 2026 CCTV Spring Festival Gala, opening February 16th, 2026.
The project joins YZI Labs family and clarifies its platform as an "Events futures" engine that issues liquid assets for real-world events, positioning itself as a hybrid between prediction markets and traditional launchers.
Private beta goes live with access code "Ash", featuring a prediction market platform that merges momentum trading and long-term predictions for events across multiple industries.
The protocol Alkimiya rebrands to 42space, which enables Bitcoin rollups to purchase forward contracts to lock in fixed Bitcoin fee rates for future data postings.