Latest Akash News

Akash Network to Participate in Messari Mainnet '24 Akash Network, a decentralized cloud platform for hosting web applications and technology solutions, will be participating in the Messari Mainnet '24 event on September 30th. The core team of Akash and the community will be in attendance. The project aims to address issues related to centralized cloud services like Amazon Web Services and Google Cloud. Akash Network stands out for its energy-efficient approach, utilizing a Proof-of-Stake consensus mechanism, which is more environmentally friendly than Proof-of-Work used by other blockchain networks. Akash Network's global marketplace ensures equal access to GPU resources for AI developers and researchers worldwide, regardless of their location. By offering a secure, cost-effective alternative for AI hosting through its GPU marketplace, Akash Network is revolutionizing cloud computing and making a significant impact on the field of artificial intelligence. In this network, cloud hosting resources are shared among participants, allowing them to rent out unused computing resources for hosting applications and services, democratizing access to cloud computing. AKT, the native cryptocurrency token of Akash Network, plays a crucial role in securing the network, executing transactions and contracts, and encouraging community involvement through staking and rewards.

Helium (HNT) and Akash Network (AKT) continue to surge despite the overall crypto market cooldown. Helium's HNT token has surpassed the $7.12 mark, driven by its role in decentralized IoT. With extensive network coverage and the ability to earn HNT tokens, Helium is likened to crypto mining with a purpose. The project has also ventured into providing 5g services, attracting attention with a $20 monthly cell plan. As HNT aims for the $8.00 target, there's potential for a return to 2024 highs around $11. Meanwhile, investors exploring crypto presales may encounter projects like Pepe Unchained (PEPU), a layer-2 meme coin offering fast, affordable transactions. Despite the opportunities, it's crucial to remember the high-risk nature of crypto investments.

Decentralized Physical Infrastructure Networks (DePin) are the new trend in the crypto world, aiming to decentralize physical infrastructure management using blockchain technology. Innovative projects like Render, Akash Network, Helium, and Filecoin offer secure and transparent solutions. Among them, Shieldeum stands out with its AI-powered cybersecurity application, providing enhanced protection for crypto users against cyber threats. DePin networks represent a significant revolution in the crypto space, democratizing access to physical infrastructures while ensuring data and transaction security.

DePIN, shorthand for decentralized physical infrastructure, is a burgeoning sector in the crypto space that combines various technologies to maintain a global network of physical assets. It encompasses protocols leveraging blockchain for a decentralized approach to infrastructure management, supported by participants providing computational resources. DePIN projects are divided into two categories: Physical Resource Networks (PRN), which include essential hardware for connectivity, and Digital Resource Networks (DRN), supplying the digital resources necessary for operating physical systems. Notable DePIN projects include Render Network, which decentralizes GPU cloud rendering, and The Graph, Filecoin, Arweave, Akash Network, AIOZ Network, Bittensor, Helium Network, IOTA, and Theta Network, each contributing to the advancement of decentralized infrastructure solutions.

Decentralized physical infrastructure networks (DePin) are gaining traction with innovative projects in telecommunications, GPUs, and IoT devices. Projects like io.net, Helium, and Akash Network have shown significant fee generation, attracting investors and analysts. Despite token price struggles, the DePin ecosystem thrives on token rewards and network growth, attracting developers and users. Notable projects include Nodle Network with 780,000 devices and Grass with 2 million users, indicating a promising future for DePin despite market fluctuations.

Crypto expert Meltem Demirors predicts that decentralized physical infrastructure networks (DePINs) will give rise to numerous multi-billion dollar projects. DePINs use blockchain to decentralize control over physical infrastructure, such as wireless connectivity and data storage. Demirors sees Bitcoin's success as a potential blueprint for DePINs, which could lead to the creation of valuable protocols and companies. Notable DePIN projects include Render, Filecoin, The Graph, and Akash Network.

IoTeX has introduced a novel approach in decentralized physical infrastructure networks (DePins) called the Modular DePin Infrastructure, which aims to redefine the creation and functionality of Web3 technologies. This innovation is more efficient and cost-effective compared to traditional infrastructures. The Modular DePin Infrastructure addresses the challenges faced by DePin startups, such as limited funding and technical difficulties, by offering a flexible and community-driven framework. The infrastructure's modular design allows for the assembly of customized applications through various modules, such as hardware abstraction, connectivity, sequencer, data availability, long-term storage, off-chain computing, blockchain, identity, and governance. Developers can select and combine these modules based on their project's specific needs, providing unparalleled adaptability. The modular system's flexibility supports the development of a wide range of DePin applications, including sensor networks, connectivity networks, and computing networks. Significant DePin projects like DIMO, Hivemapper (HONEY), WeatherXM, Helium, Nodle (NODL), Wicrypt (WNT), Render Network (RNDR), and Akash Network (AKT) exemplify the successful application of this modular infrastructure. The connectivity module explores wireless communication techniques to enhance connections within Web3 networks, incorporating technologies like Bluetooth, LoRaWAN, WiFi, and 5G. The sequencer and data availability modules have been adapted from existing solutions to better suit DePin applications, while long-term storage solutions like Filecoin (FIL) and Arweave (AR) meet these applications' storage needs. Blockchain platforms such as Ethereum (ETH), IoTeX, and Solana (SOL) provide essential infrastructure for development.

Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN) are revolutionizing the technological landscape. DePIN projects, which combine blockchain with physical infrastructure, are set to transform resource management and information processing in 2024. Here's a look at the top AI & DePIN projects to watch this year: DePIN projects integrate digital blockchain capabilities with physical infrastructures like data storage and power grids. They aim to disrupt sectors traditionally controlled by central authorities. Notable projects include: - Filecoin (FIL): A decentralized storage network where users can rent out space for filecoin tokens. With over 1.7 billion EiB of data stored, Filecoin has introduced smart contracts through the Filecoin Virtual Machine (FVM). - Helium (HNT): A decentralized wireless network for IoT devices, using a Proof of Coverage consensus algorithm. It incentivizes network coverage through HNT tokens. - Akash Network (AKT): An open-source cloud computing platform connecting server owners with users needing cloud resources, operating on the Tendermint blockchain. - NEAR Protocol: A community-powered cloud platform with high transaction speeds, simplifying developer experiences with intuitive features. - Arweave (AR): Known as 'the permaweb,' Arweave offers indefinite data storage through its blockweave technology. - Theta Network (THETA): A blockchain-based video streaming network where users earn tokens by sharing bandwidth and compute resources. - Render Network (RNDR): A decentralized GPU network for 3D rendering, connecting node operators with artists and developers. - Node AI (GPU): Provides access to GPU and AI technologies, allowing users to participate in the AI ecosystem. - Streamr (DATA): A decentralized data exchange for real-time data transactions, incentivizing data providers and consumers. - Bittensor (TAO): Combines blockchain with machine learning, incentivizing nodes for AI calculations and governance. DePIN projects enhance security, scalability, and efficiency by connecting physical assets with blockchain technology. This integration forms a robust ecosystem with three layers: physical infrastructure, middleware, and the blockchain itself. The future of DePIN looks bright, with a growing market size and potential applications in various sectors. Investments in DePIN projects like Helium are considered promising for 2024. However, it's crucial to conduct thorough research before investing in any cryptocurrency project.

The Akash Accelerate Summit, held on May 28, 2024, in Austin, Texas, brought together top experts in Decentralized AI (DeAI) and Decentralized Infrastructure Network (DePIN). The historic event focused on exploring the potential of these technologies and their future development. The summit highlighted the partnership between DePIN and DeAI, with DePIN providing the necessary computing power for DeAI, enabling a more collaborative and democratic approach to AI development. Key takeaways from the summit included the growth of the Akash Network, real-world applications of DeAI, opportunities and threats of mass adoption, and the importance of privacy-preserving AI techniques. The event emphasized the role of DePIN as a foundation for DeAI, fostering innovation and equitable distribution of AI capabilities.