Akash Network: A Leader in Decentralized Physical Infrastructure

Tuesday, December 10, 2024 12:00 AM
635

In 2024, the cryptocurrency landscape has been dominated by the trend of Decentralized Physical Infrastructure Network (DePIN), with the Akash Network emerging as a significant player in this space. Co-founded by Greg Osuri, a notable software developer and founder of AngelHack, Akash operates as an open-source “super cloud” that facilitates the buying and selling of computing resources. This model is particularly relevant in the current age of artificial intelligence, where computing power is in high demand. DePIN leverages blockchain technology to streamline access to resources that are typically fragmented, positioning Akash as a viable alternative to centralized computing solutions like Nvidia’s chips.

The Akash Network aims to democratize access to computing power, making it more affordable for individual users. Osuri emphasizes the platform’s core values, stating that Akash provides users with the “right to compute,” promoting freedom from censorship and encouraging free thought. The native token of the Akash Network, $AKT, serves as the currency for transactions within this ecosystem, further integrating the blockchain technology into everyday computing needs. This innovative approach has garnered significant attention and usage among users.

In a remarkable demonstration of its growing popularity, Akash reported a staggering 1,729% increase in year-over-year user fees in the third quarter of 2024. This surge indicates a strong demand for decentralized computing solutions and highlights the potential of Akash to reshape the future of cloud computing. As DePIN continues to evolve, Akash Network stands out as a pioneering force in making computing resources accessible and affordable for all users, aligning with the broader trends in the cryptocurrency space.

Buy Now at

Related News

 DeepLink and SoonChain Join Forces to Revolutionize Web3 Gaming cover
18 hours ago
DeepLink and SoonChain Join Forces to Revolutionize Web3 Gaming
DeepLink has signed a strategic cooperation with SoonChain, an AI Layer-2 blockchain gaming platform that aims at changing the landscape of Web3. The partnership integrates SoonChain’s state-of-the-art AI-Generated Gaming (AIGG) solution, which helps game developers design engaging blockchain games. The use of AIGG technology erases conventional programming elegance and brings Web3 gaming to the mass market. This toolset is designed to create opportunities to work more efficiently in producing a captivating game while at the same time opening doors for more creativity within the video game market. In this integration, both companies aim to share equal opportunities and early access to the gaming industry since there are few middlemen. Accessibility Initiative for Developers and Gamers SoonChain is a single platform that connects Artificial intelligence, decentralization physical infrastructure networks (DePIN), and massive GPU computations with AAA games standards. The integration with DeepLink will allow developers to create games and the platform will be designed in such a way to not need profound technical skills to create the game, thus making the industry available for everybody and definitely indie teams. Also, it encourages the decentralization of gaming opportunities as part of the strategy to increase their availability. This approach is in line with the Web3 worldview of handling as many intermediaries as possible and providing users with control and ownership over their gaming. DeepLink and SoonChain Offering a Decentralized Framework for Innovation DeepLink and SoonChain provide a vision of an open and decentralized space aiming at attracting developers and gamers for cooperation and creation of new opportunities without typical limitations. Developed on DeepBrainChain architecture, the cooperation integrates AI cloud gaming protocols that are based on decentralization, which is beneficial for growing and optimizing games. This partnership involves the integration of AI powers with blockchain, which emphasizes the concern with the separation of a new frontier in game development. It symbolizes a quantum leap in the use of artificial intelligence and decentralized applications to deliver unique gaming solutions for a global clientele. * [https://blockchainreporter.net/deeplink-and-soonchain-join-forces-to-revolutionize-web3-gaming/ ](https://blockchainreporter.net/deeplink-and-soonchain-join-forces-to-revolutionize-web3-gaming/)
Chirp Launches $CHIRP Token on Major Exchanges, Aims to Revolutionize IoT Connectivity cover
a day ago
Chirp Launches $CHIRP Token on Major Exchanges, Aims to Revolutionize IoT Connectivity
Chirp, a decentralized physical infrastructure network (DePIN) built on the Sui blockchain, has officially launched its $CHIRP token on three prominent centralized exchanges: KuCoin, Gate.io, and MEXC Exchange. This launch comes after the successful Initial DEX Offering (IDO) for the Sui DePIN infrastructure layer, which aims to support the development and operation of decentralized physical infrastructure networks. With nearly 1 million users, Chirp is positioning itself as a leader in the rapidly growing DePIN space, connecting various Internet of Things (IoT) devices through blockchain technology. Tim Kravchunovsky, the CEO and founder of Chirp, expressed pride in the project’s progress, highlighting the choice of Sui as the foundational blockchain even before its testnet launch. He emphasized that the newly launched Sui DePIN infrastructure layer is ideal for a decentralized IoT and telecommunications project like Chirp. The $CHIRP token is integral to Chirp's ecosystem, incentivizing Keepers—operators of Chirp's antennas—to maintain their devices and support the network. Additionally, the token serves as a payment method for network usage and functions as a governance token within Chirp's voting system. Furthermore, the $CHIRP token is utilized in Kage, a play-to-earn (P2E) game launched by Chirp that encourages players to detect wireless networks using their smartphones. Since its debut in November 2024, Kage has attracted nearly 1 million players who have scanned over 850 million wireless networks worldwide. The geolocation data collected through this game is valuable across various industries, enabling applications such as indoor navigation and low-power geopositioning in challenging environments. Chirp's dual approach—combining a DePIN with a robust IoT platform—aims to create a sustainable ecosystem that empowers communities while delivering advanced IoT solutions.
Network3 Launches Decentralized Edge AI Infrastructure with $N3 Token cover
2 days ago
Network3 Launches Decentralized Edge AI Infrastructure with $N3 Token
Network3 is revolutionizing the decentralized Edge AI landscape by providing a robust infrastructure that empowers AI developers worldwide. This innovative platform leverages advanced technologies such as AI model optimization, federated learning, edge computing, and confidential computing to facilitate rapid and efficient model inference, training, and validation at scale. By moving beyond the constraints of centralized AI systems, Network3 is committed to creating a more equitable, efficient, and democratic AI ecosystem that benefits all stakeholders involved. Built on the IoTeX blockchain, Network3 utilizes IoTeX's DePIN modular infrastructure, which includes ioID and data verification modules, to ensure secure and transparent decentralized applications. This integration not only enhances the reliability of data exchange but also supports the growth of the DePIN ecosystem. Additionally, the introduction of the N3 Edge V1 mining machine allows participants to engage in $IOTX dual-mining, thereby expanding the network's global node user base. This collaboration with IoTeX provides a scalable and secure Edge AI solution, enabling developers to innovate confidently while maintaining data integrity. The highly anticipated $N3 token will be launched on January 22 at 8:00 AM (UTC) during its Token Generation Event (TGE). The smart contract for the $N3 token will be deployed on Ethereum, with simultaneous launches on IoTeX and Solana chains to enhance accessibility and scalability. This multi-chain strategy promotes interoperability, allowing users from different ecosystems to connect and contribute to Network3's growth. To celebrate this launch, Network3 is also conducting a community airdrop of 50 million $N3 tokens, aimed at rewarding early supporters and encouraging active participation within the ecosystem.
Filecoin (FIL) Shows Potential for Bullish Reversal Amid Mixed Market Signals cover
2 days ago
Filecoin (FIL) Shows Potential for Bullish Reversal Amid Mixed Market Signals
Filecoin (FIL) has recently shown signs of a potential bullish reversal after breaking out of a falling wedge pattern on the 8-hour chart. At the time of writing, FIL was priced at $5.40, down 7.37%, raising questions about the sustainability of this bullish move. The immediate resistance level is set at $6.059, which must be breached for further gains. On the downside, a solid support level at $4.774 could prevent a deeper correction, but the market's overall sentiment remains cautious as traders exhibit hesitation following the breakout. The funding rates on Binance for FIL are slightly positive at 0.01%, indicating a marginally bullish sentiment among traders. However, the lack of significant spikes in funding rates suggests a general absence of conviction in the market. For FIL to experience a meaningful rally, these funding rates need to increase, reflecting a rise in demand. Additionally, the social metrics for FIL are surprisingly low, with only 8 mentions recorded, indicating limited engagement from retail traders. This lack of social activity could hinder the potential for a market rally, as broader community interest is often necessary for sustained momentum. Technical indicators present a mixed outlook for Filecoin. The DMI shows a slight bearish dominance, while the ADX indicates a weak trend. Furthermore, the RSI is at 49.05, suggesting neutral momentum. The recent decline in Open Interest by 5.79% to $324.7M signals reduced market activity and a lack of confidence among traders. For FIL to maintain its bullish trajectory, it will need to breach the critical resistance level, improve social metrics, and see a rise in funding rates and Open Interest. Without these factors, sustaining upward momentum may prove challenging.
Countdown to $CHIRP Token Launch and Reward Distribution cover
2 days ago
Countdown to $CHIRP Token Launch and Reward Distribution
The countdown to the official launch of the $CHIRP token is on, with January 20, 2025, marking a pivotal moment for the Chirp ecosystem. This event will not only see the token listed on centralized exchanges (CEXs) but will also initiate the distribution of rewards to the community. A total reward pool of 1.73% of the total supply has been allocated for pre-mainnet marketing campaigns, acknowledging the unwavering support from community members, including those engaged in CHIRP mining activities and the dedicated Keepers. Notably, 1,000,000 CHIRP tokens will be distributed to Keepers who have maintained their Blackbird miners in good standing prior to the mainnet launch, with eligibility linked to holding Nest NFTs. In addition to the rewards for Keepers, the Kage mining community will also be recognized for their contributions. The top 45,000 Data Hunters, who have amassed the highest number of Data Chips and connected their Sui wallets to their Kage profiles, will share a prize pool of 2,000,000 CHIRP tokens. The snapshot for this leaderboard will be taken on January 20 at 12:00 CET, and players engaging in negative behaviors, such as spoofing or spreading misinformation, will be excluded from the rewards. This initiative aims to foster a fair and competitive environment within the Kage ecosystem. Moreover, Chirp is set to reward participants from various marketing campaigns with a total of 1,630,000 CHIRP tokens. Winners from campaigns like Zealy and the Chirp Tracker App will receive their rewards on January 20, 2025, provided they have connected and verified their Sui wallets. As Chirp continues to build a future where blockchain technology enhances IoT and geolocation solutions, the community is encouraged to engage actively and contribute to this transformative journey.
Decentralized Edge AI Platform Network3 to Launch $N3 Token Trading cover
3 days ago
Decentralized Edge AI Platform Network3 to Launch $N3 Token Trading
Decentralized Edge AI Platform Network3 to Launch $N3 Token Trading on Bybit, Gate.io, and BingX According to official sources, the decentralized Edge AI infrastructure platform Network3 will simultaneously launch spot trading of the token $N3 on Bybit, Gate.io, and BingX exchanges on January 22, 2025, at 8:00 (UTC). This milestone event signifies a crucial step for Network3 in realizing the value of user Edge Data and computing power, injecting strong momentum into the ecosystem's development and expansion. Network3 is currently conducting a Pre-TGE airdrop activity, rewarding the community with 50 million tokens. Users simply need to log in to the official Network3 website and complete specified tasks to receive a free airdrop quota worth 40,000 points, which can be exchanged for $N3 after TGE. Additionally, the activity offers NFT acceleration cards to help users enhance node mining efficiency. In July 23, 2024, Network3 successfully completed a $5.5 million pre-seed & seed round of financing, with investors including Borderless, EV3 Labs, loTeX, SNZ, Bing Ventures, Waterdrip Capital, Web3Port Foundation, and other well-known venture capital institutions.
Signup for latest DePIN news and updates