For most of 2024, it seemed like the three biggest trends in the cryptocurrency space were DePIN, DePIN, and DePIN. One of the biggest players in DePIN is the Akash Network, which was co-founded by accomplished software developer and AngelHack founder Greg Osuri.
Think of Akash as an open source “supercloud” that allows people to buy and sell computing, which is now a coveted resource in the age of artificial intelligence. This is the basic concept of decentralized physical infrastructure, also known as DePIN – using blockchain technology to organize resources (in this case, computing) that are fragmented. Akash is intended to be a long-term alternative to Nvidia’s mainframe chips, which aims to make computing more accessible to individual users.
“Akash gives you the right to reckoning, the freedom from censorship, and the freedom to think freely,” Ossori said. He said. “$AKT [Akash’s native token] It is the currency of the account.” And people use it. Akash I mentioned That in the third quarter of 2024, user fees rose year over year by a staggering 1,729%.
This profile is part of CoinDesk’s Most Influential Pack of 2024. To all of this year’s nominees, Click here.