Akash NetworkAKT

Akash Network is a decentralized marketplace for cloud computing, where anyone can rent out spare computing power and others can lease it, and AKT is its native token. It was created by Overclock Labs, a company founded by Greg Osuri and Adam Bozanich. The first Akash mainnet launched in September 2020, and a second version, which added the marketplace and connections to other Cosmos chains, followed in March 2021. In recent years the project has focused on GPUs for artificial intelligence workloads.

Akash launched as its own proof-of-stake blockchain, built with the Cosmos SDK. Providers, which can be data centers, companies or individuals, offer their computing resources. A user who wants to run an application posts the requirements, such as the number of processors, the memory and the highest price, and providers bid for the order. The applications run in containers. AKT is used to pay for computing, to stake and secure the network, and to vote on governance proposals.

AKT has a maximum supply of about 388.5 million tokens. New AKT has been issued as staking rewards under rules that are set by governance. Current circulating and total supply figures are shown at the top of this page.

AKT reached its all-time high of about $8 in April 2021, and it has traded below that level since. You can see the full price history on the chart above.

Follow the live Akash Network price on this page. Cointelegraph's AKT price index shows the AKT to USD rate, 24-hour change, market cap, trading volume, all-time high and year-to-date return, plus the circulating supply. Use the interactive Akash Network price chart to compare timeframes from six hours to all time, and the AKT to USD converter to check any amount in seconds. For daily updates, see our blockchain news page.