Akash Network Makes Important Advancements in Development Despite Market Volatility

Akash Network keeps making important advancements in its development despite the continuous volatility in the cryptocurrency market.

Akash Network Continues Making Strides in Development Amidst Crypto Market Turmoil

Recent developments showcase the network’s dedication to removing barriers and increasing accessibility for both users and developers.

1-Click Deployments on Akash Network

Quasarch Cloud Platform has notably enabled 1-click deployments on Akash Network. This development is particularly significant as it removes the requirement for any cryptocurrency interaction with the platform. By eliminating entry barriers, Quasarch is simplifying user access to the capabilities of Akash Network.

Quasarch Cloud Platform has successfully enabled 1-click deployments on @akashnet_ no crypto required. The barrier is lower than ever! Leave a comment if you want to be part of the first wave of users to have access to the platform and get free credits. Powered by $AKT ? pic.twitter.com/GzZpMQh4S7

— Quasarch (@quasarch_cloud) July 4, 2024

The complexity of cryptographic transactions may have deterred some users, but this move is set to attract a wider audience.

Furthermore, Prime Intellect has integrated the Akash Supercloud into its new compute platform, enhancing the appeal of Akash Network. This integration enables artificial intelligence developers to access high-performance GPUs through Akash’s permissionless marketplace.

This notably includes NVIDIA H100 GPUs at competitive rates, starting from as low as $1.65 per hour. This development will attract AI developers seeking affordable and efficient computing resources, bolstering Akash Network’s presence within the technological landscape.

Prime Intellect has integrated the Akash Supercloud into its new compute platform.

Now, AI developers can access high-performance GPUs from Akash's permissionless marketplace, including NVIDIA H100 as low as $1.65/hour, directly through @PrimeIntellect. https://t.co/YGlhsaphK2 pic.twitter.com/mcFjdSq5rD

— Akash Network (@akashnet_) July 1, 2024

Current Market Performance and Partnership

Despite these promising developments, the native token of Akash Network, AKT, has witnessed less than stellar market performance.

At the time of writing, data from CoinMarketCap shows the price of AKT is trading at over $3.12, down by 4.23% over the last 24 hours. However, there are indications of a slight recovery over the past few hours, suggesting possible resistance amidst the broader market downturn.

Among the latest achievements of Akash Network is its partnership with Coinbase Prime. According to a CNF report, this collaboration focuses on institutional-grade, secure custody for AKT tokens. Additionally, it enables on-chain staking for users, providing a safe and efficient way to stake their tokens.

This partnership underscores Akash Network’s goal to enhance security and offer robust staking solutions for its users.