« A very strong play for the Cloud Computing Narrative »
Decentralized cloud computing is blowing up in the crypto world for two key reasons: massive demand for cloud services (whether you’re a solo dev or a big corporation), and blockchain’s unique edge in decentralization.
I dug into Akash Network—and it’s one of the most exciting players in this space.
Here’s why:
-What’s Akash Network?
Akash lets people and companies rent out unused computing power.
Instead of massive data centers with idle servers, Akash turns that spare capacity into a marketplace—think Airbnb for cloud resources.
The result? It’s cheaper, more efficient, and more accessible than relying on giants like Amazon or Google.
In the usual cloud model, you’re often stuck paying for services you don’t fully use. Akash flips the script, letting you set your price, and providers bid for your business.
This can make cloud deployment up to 10x cheaper than AWS or Google Cloud.
And here’s the kicker: no vendor lock-in. Akash gives developers total control of their cloud setup, freeing them from being trapped in one ecosystem.
Built on Cosmos SDK and Tendermint’s BFT engine, Akash is secure, scalable, and perfect for projects of any size.
-How Akash Works
Akash runs on a reverse auction model. Users post their cloud needs, and providers with extra capacity bid for the job.
Running on Kubernetes ensures seamless management, whether you’re coding on your laptop or deploying big workloads.
And everything’s powered by the Akash Token (AKT), which handles payments, governance, and security across the platform.
-Q2 2024: Akash’s Big Leap Forward
Adoption is always my top metric when evaluating projects.
For decentralized computing, I’m looking at revenues, GPU capacity, and new partnerships.
Akash crushed it in Q2 2024 (source: messari io):
- Demand Surge: New leases jumped 44% QoQ, with 27,000 new deals. Revenue for providers hit $176,000, an 8% increase.
- GPU Explosion: Akash boosted its GPU supply by 91%, fueled by AI/ML projects like Brev (now part of NVIDIA) and Prime Intellect.
- New Projects: Platforms like Passage, Venice, and NeuralAI onboarded, expanding Akash’s reach into AI/ML and Web3.
- Global Growth: Akash’s provider network grew 2%, adding new contributors from Brazil, Mexico, and Australia.
- Staking Wins: AKT stakers saw a 22x increase in rewards, thanks to higher supply and demand.
-Team
Greg Osuri serves as Aksash Network CEO.
Since 2008, Osuri has been active in cloud architecture and entrepreneurship. He created Akash to offer a decentralized alternative to the conventional cloud market.
His career includes launching four other companies and holding key roles at major organizations like IBM and Kaiser Permanente.
Additionally, he co-founded AngelHack, a leading global developer platform, and Overclock Labs, focused on building a decentralized web.
Adam Bozanich, the CTO of Akash, brings extensive experience in software engineering, having worked in high-level positions at companies such as Symantec and Topspin Media.
Prior to Akash, he co-founded Sprouts Tech and partnered with Osuri at Overclock Labs, setting the stage for Akash’s launch.
-Where to buy Akash Network
$AKT is an asset listed on many platforms, so it’s pretty easy to buy it.
You can find $AKT on Kraken, Gate.io or Kucoin. There is also XT.com that supports AKT. I personally use XT but it’s a T3-CEX. You should probably stick with the most established exchanges.
-In Short
Akash is making waves by decentralizing, cutting costs, and offering total flexibility.
It’s tapping into underused compute power and paving the way for a more open, efficient cloud ecosystem.
