Akash: Solving Web3’s Centralization Problems

Key Insights

• Akash enables projects to reduce their dependence on major cloud providers and increase the decentralization and resiliency of their core blockchain infrastructure.
• Akash offers developers the ability to build full-stack decentralized applications through key partnerships with other Web3 infrastructure projects, making it the premier Web3-native cloud platform.
• Akash’s cloud is used by a variety of projects for hosting full/validator nodes, miners, middleware, and front ends.
• The addition of GPUs to Akash’s platform will allow the network to handle data-intensive workloads such as machine learning, rendering, and cloud gaming. This will unlock new use cases that will bring additional demand to the network.
• The Akash Network continues to grow despite the crypto bear market, with the number of active leases up 41% since the beginning of 2022.

The original premise of Web3 was to build open distributed systems that were decentralized, trustless, and secure. By reintroducing the original philosophy behind Web1, which emphasized open protocols that were decentralized and community governed, Web3 aimed to recreate the internet as we know it today without the centralization issues that have plagued Web2. But the overarching problem is that most Web3 projects are built on the same centralized cloud platforms that Web2 companies have relied on.