
Akash Network
Decentralized compute marketplace and deployment platform.
Date | Investors | Amount | Round |
---|---|---|---|
$2.0m | Early VC | ||
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Akash Network operates a decentralized cloud compute marketplace, enabling users to deploy docker containers efficiently and cost-effectively. The platform serves developers, businesses, and blockchain enthusiasts by offering a marketplace of pre-made solutions, including blogs and blockchain nodes. Akash Network leverages a unique pricing model where deployers specify their preferred price for resources, and providers compete to fulfill these requests, ensuring lower costs and greater choice. The business model is community-driven and open-source, powered by a Layer 1 blockchain and the AKT utility token. Akash Network generates revenue through transaction fees and the utility of its native token, AKT. The company operates in the cloud computing market, focusing on decentralization to provide self-sovereign control to its users.
Keywords: decentralized, cloud computing, docker containers, marketplace, blockchain, AKT token, cost-effective, open-source, community-driven, self-sovereign control.