Akash Network
530 Brannan St, #404, San Francisco, California, 94107, United States
Overview
Akash Network is the world's first distributed peer-to-peer marketplace for cloud compute and provides a fast, efficient, and low-cost deployment solution. Developers leveraging Akash Network can launch decentralized applications such as DeFi apps, blogs, games, data visualizations, block explorers, blockchain nodes, and other blockchain network components at a fraction of the cost compared to centralized cloud providers like Amazon Web Services (AWS), Google Cloud, and Microsoft Azure. Utilizing open-source technology, Akash Network leverages 85% of underutilized cloud capacity in 8+ million global data centers, enabling anyone to buy and sell cloud computing.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Blockchain
- Cloud Computing
- Internet
- Software
- Web Development
Investment portfolio
- Passage
Led · Equity · Jul 2023
Passage provides a platform for creating and connecting 3D virtual worlds and experiences, transforming static pages into immersive, interactive places. The platform is built with Cosmos and leverages technologies like Unreal Engine 5; it is blockchain-agnostic and supports in-browser streaming, cross-world commerce for fungible tokens and NFTs, decentralized social functionality, and 3D communication infrastructure. Passage supports a native token, PASG, designed for governance and decentralized 3D assets and to incentivize open-source development and creator contributions. PASG is backed by a SaaS-style revenue model, with up to 50% of profits directed to network security via staking incentives. Led by founder and Chief Creative Officer Lex Avellino, the company plans to use new funding to further develop its world-building tools, build out a social dashboard and enterprise solution, and add tooling for open-source contributions and technology partnerships like Sortium. Passage is based in Road Town, British Virgin Islands.