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Akash Network (AKT) is a decentralised and open-source platform that provides a marketplace for cloud computing resources. Through this platform, those needing computing power can connect with providers offering their surplus capacity and conduct direct transactions using the network's native token, AKT.
The Akash Network ecosystem is built to provide decentralised solutions for cloud storage, resource access, and data ownership, all at a lower cost than traditional centralised platforms. It also leverages the Interplanetary File System (IPFS) for storage and censorship-resistant operations.
The platform was founded by Greg Osuri and Adam Bozanich, each bringing extensive expertise in software engineering and cloud architecture.
Akash Network is backed by key investors such as George Burke and Infinite Capital. It has also partnered with Solana and the Cosmos Interchain Foundation to expand its functionality and interoperability with other blockchain systems.
The AKT token is integral to the blockchain’s operations, enabling payments, incentivising resource providers, and facilitating governance by allowing token holders to vote on network upgrades.
