Crypto.com Adds Akash Network AKT for On-Chain Staking, Earn up to 19% Rewards

• Akash Network partners with Coinbase Prime for secure institutional-grade custody of AKT tokens.
• Akash community successfully deploys Grok on 8x NVIDIA H100 GPUs, marking a key milestone.

Crypto.com has announced that the Akash Network’s native token, AKT, is now available for on-chain staking via the Crypto.com App. With the versatility and security of the platform combined, this integration allows users to stake their AKT tokens and earn up to 19% rewards.

$AKT is now available for on-chain Staking in the Crypto․com App!

Start staking to secure your favourite blockchain while earning up to 19% rewards

Enjoy the flexibility of unstaking your assets in a secure and convenient manner.@akashnet_ pic.twitter.com/RuSrAi6gwa

— Crypto.com (@cryptocom) June 27, 2024

Another Strategic Partnership of Akash Network 

Accompanying the encouraging trend, Akash Network and Coinbase Prime have recently teamed to provide institutional-grade custody services for AKT tokens. This cooperation seeks to offer institutional investors a dependable and safe custody solution, which is essential to the wider use of AKT.

Through improved security and accessibility, this collaboration is predicted to greatly increase institutional participants’ confidence in the cryptocurrency market.

Major Milestones in Decentralized Cloud Computing

Akash Network is advancing the subject of decentralized cloud computing significantly. With the successful deployment of Grok on an eight-node NVIDIA H100 GPU cluster, the Akash community has reached a significant milestone.

With this accomplishment, Akash becomes the first decentralized cloud to operate Grok, demonstrating both its capabilities and the strength of its infrastructure.

Akash has also created and put into service the SDXL inference application on its platform. Using multiple NVIDIA GPUs, this software offers a simple user interface for dealing with multiple top open-source models.

Akash is dedicated to promoting permissionless and decentralized AI development, as this development highlights.

Meanwhile, the price of AKT has risen substantially in line with the encouraging developments. As of writing this, AKT is trading at about $3.55, up 8.95% on the previous day. Besides, the token has shown a positive tendency during the last week, rising by 13.64%.