Akash

**Regulators Acknowledge Benefits of Decentralized Physical Infrastructure Networks (DePIN)** Regulators have recognized the unique advantages brought by decentralized physical infrastructure networks (DePIN), as stated by Greg Osuri, the founder of Akash, a DePIN protocol. Osuri aims to persuade regulators that DePIN should be supervised differently from other crypto sectors. A recent meeting with a key staffer from the U.S. House committee overseeing commerce and trade was described as 'productive' by Osuri. Akash and competitor InFlux Technologies have joined forces to establish a DePIN and Web3 advocacy group to create a regulatory framework for the sector. Advocates of DePIN emphasize the real-world value these projects offer by granting users control over physical infrastructure networks using blockchain technology. Alvaro Garcia from Borderless Capital highlighted that DePIN projects stand out from traditional crypto ventures as their value is derived from outside the crypto sector. Osuri echoed this sentiment, mentioning that regulators are taking notice of DePIN's disruptive potential in mainstream markets. VCs like Borderless Capital have shown interest in DePIN, with a recent $100 million fund dedicated to the sector, investing in projects like Helium and GEODNET. Osuri argues for a distinct regulatory approach for DePIN compared to sectors like DeFi. Akash and InFlux Technologies have formed an advocacy group to educate regulators on the unique value proposition of DePIN. Osuri stressed the importance of differentiating DePIN from other crypto sectors in regulatory discussions to ensure lawmakers understand its distinct characteristics and benefits. Despite utilizing crypto features, Osuri believes that emphasizing the advantages of DePIN is more crucial than focusing on the 'crypto' aspect.

**Decentralized Physical Infrastructure Networks (DePINs)** DePINs have emerged as a critical part of the blockchain industry, disrupting traditional infrastructure models in data storage, computing power, and connectivity. The market cap for DePIN projects is estimated at $20 billion, attracting investments from top venture capital firms like Andreessen Horowitz and Binance Labs. Projects such as IoTeX and Akash Network are successfully onboarding contributors to their decentralized networks, with IoTeX having over 100,000 connected devices and Akash Network boasting more than 50,000 contributors for decentralized cloud computing. The potential for DePIN to transform markets like the Internet of Things (IoT) is significant, especially with the IoT market projected to reach $500 billion. DePIN, short for 'decentralized physical infrastructure networks,' utilizes blockchain to maintain networks of physical hardware, offering solutions in various applications like sensors, wireless infrastructure, and energy grids. By incentivizing peer-to-peer hardware infrastructure through cryptocurrency tokenomics, DePIN projects are gaining traction in sectors like road mapping, telecommunications, and data storage.

InFlux Technologies (Flux) and Akash Network have partnered to establish a DePIN advocacy group aimed at addressing regulatory clarity and government commitment to the decentralized technology sector. This collaboration seeks to promote education, industry awareness, and engagement with government agencies, lawmakers, and regulators. CEO and Co-founder of InFlux Technologies, Daniel Keller, emphasized the importance of creating regulatory frameworks that balance consumer protection with the transformative potential of decentralized technologies. The partnership between Flux and Akash Network is crucial for fostering growth and integrity in the Web3 and DePIN ecosystem. Akash Network, known as the 'Airbnb for data centers,' is a key player in decentralized computing services, offering computing resources through a secure marketplace. On the other hand, Flux provides decentralized cloud solutions for Web3, DePIN, and AI, bridging the infrastructural gap and enabling easier access to computing resources for developers and enterprises. By collaborating, Flux and Akash Network aim to influence U.S. regulations, propose industry-specific frameworks, and promote innovation and consumer interests within the blockchain sector.

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.