Akash Network (AKT): A Decentralized AI Compute Supercloud

The currently unfolding revolution in artificial intelligence (AI) has created a lot of enthusiasm, both among consumers and businesses. However, supporting all this enthusiasm and pushing the boundaries of what AI can do comes at a significant cost, as AI algorithms often require tremendous computing resources and processing capacity. Centralized servers and even traditional cloud service providers struggle to meet the ever-growing demands of AI computations. Fortunately, blockchain platforms that enable crypto-based trade in decentralized computing resources provide a great alternative to Web 2.0–based solutions.

In the niche of decentralized computing services, few projects can rival the fame and efficiency of Akash (AKT), one of the pioneers of blockchain-based trade in cloud computing resources. Launched in 2018, Akash is a leading decentralized cloud computing platform, offering flexible and affordable access to GPU, CPU, memory and storage resources sourced from a network of providers worldwide. In essence, the Akash network operates as a decentralized cloud computing marketplace.

In 2023, Akash took its cloud services to a completely new level with the launch of the Akash Supercloud — a "cloud of clouds" that enables the distributed trade of GPU computing power with a focus on AI use cases.

Key Takeaways:

• Akash (AKT) is a blockchain platform that facilitates the decentralized trade of computing resources, such as CPU, GPU, memory and storage capacity.

• Begun in 2018, the platform added AI-focused GPU capacity trade functionality with the launch of its Supercloud in August 2023.

• The platform's native crypto asset, AKT, is used for governance, staking, purchasing access to computing resources and incentive payments to resource providers.