Acurast Secures $5.4 million for Decentralized Cloud Computing
On May 26, Acurast announced a successful $5.4 million fundraising round. This move aims too enhance its decentralized cloud computing network. The sale concluded on May 22, with tokens priced at $0.09, valuing the company at $90 million.
The funding is open to the public, with a minimum investment of $100 and a maximum of $2 million per user. Acurast plans to use the capital to improve its smartphone-based network. This network supports various applications, such as blockchain and decentralized AI.
Alessandro De Carli, President of Acurast, said, “The new funds will help us refine our protocol. We aim to make computing verifiable, confidential, and energy-efficient using smartphones.”
Decentralized cloud computing is gaining popularity. Acurast has over 72,000 smartphones in its network, enabling 256 million transactions. This makes it the most decentralized computing network today.
The ACU token is central to Acurast’s economy. It allows anyone to use their mobile phones for computing tasks, promoting real decentralization. users can become stakeholders and earn rewards for their contributions.
Unlike conventional cloud computing giants like Amazon and google,decentralized solutions like Acurast use distributed networks. This includes personal devices, allowing users to earn rewards for their idle computing power.
