Akash's Greg Osuri: Delivering on DePIN
12/10/2024 22:46
The co-founder of the Akash Network is utilizing DePIN to make computing power more affordable to individual users.
The co-founder of the Akash Network is utilizing DePIN to make computing power more affordable to individual users.
Dec 10, 2024, 2:18 p.m. UTC
For much of 2024, it felt like the three biggest trends in crypto were DePIN, DePIN, and DePIN. And one of the biggest players in DePIN is the Akash Network, which was co-founded by accomplished software developer and founder of AngelHack Greg Osuri.
Think of Akash as an open-source “super cloud” that lets people buy and sell compute, which is now a coveted resource in the age of AI. This is the core concept of Decentralized Physical Infrastructure, aka DePIN — using blockchain technology to organize resources (in this case, compute) that are otherwise fragmented. Akash is meant as a long-term alternative to Nvidia’s centralized chips, intended to make computing more affordable to individual users.
“Akash gives you the right to compute, freedom from censorship, liberty of free thought,” Osuri has said. “$AKT [Akash’s native token] is the currency of compute.” And people are using it. Akash reported that in the third quarter of 2024, year-over-year user fees surged by an eye-popping 1,729%.
This profile is part of CoinDesk's Most Influential 2024 package. For all of this year's nominees, click here.
Jeff Wilser
Jeff Wilser is the author of 7 books including Alexander Hamilton's Guide to Life, The Book of Joe: The Life, Wit, and (Sometimes Accidental) Wisdom of Joe Biden, and an Amazon Best Book of the Month in both Non-Fiction and Humor. Jeff is a freelance journalist and content marketing writer with over 13 years of experience. His work has been published by The New York Times, New York magazine, Fast Company, GQ, Esquire, TIME, Conde Nast Traveler, Glamour, Cosmo, mental_floss, MTV, Los Angeles Times, Chicago Tribune, The Miami Herald, and Comstock's Magazine. He covers a wide range of topics including travel, tech, business, history, dating and relationships, books, culture, blockchain, film, finance, productivity, psychology, and specializes in translating "geek to plain-talk." His TV appearances have ranged from BBC News to the The View. Jeff also has a strong business background. He began his career as a financial analyst for Intel Corporation, and spent 10 years providing data analysis and customer segmentation insights for a $200 million division of Scholastic Publishing. This makes him a good fit for corporate and business clients. His corporate clients range from Reebok to Kimpton Hotels to AARP. Jeff is represented by Rob Weisbach Creative Management.
