🚀 Akash Network: The Decentralized Cloud Computing Marketplace Transforming the Industry! 💻⛓️
🚀 Let's dive into key features and potential of #Akash Network in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Akash Network is disrupting the cloud computing landscape, offering a decentralized marketplace for buying and selling unused computing resources. By democratizing access to cloud computing, Akash aims to lower costs and increase efficiency for users worldwide.
2️⃣ Technology and Features: Built on the Cosmos SDK, Akash Network utilizes a unique reverse auction system for pricing, offering features like persistent storage and dedicated IP leasing. Powered by Kubernetes and secured by its native token, AKT, Akash Network delivers a robust and secure cloud computing solution.
3️⃣ Whitepaper Analysis: Akash Network's whitepaper outlines its revolutionary approach to cloud computing, leveraging blockchain technology to drive innovation. With a focus on serverless container orchestration and an economic incentive structure, Akash sets a clear roadmap for its launch and adoption.
4️⃣ Use Case: AKT, Akash Network's native utility token, plays a crucial role in governing, securing the blockchain, and incentivizing participants. With AKT, developers can build and deploy decentralized applications, unlocking new possibilities in cloud computing.
5️⃣ Team and Leadership: Founded by Greg Osuri and Adam Bozanich, Akash Network boasts a team with extensive experience in cloud engineering and blockchain technology. Their leadership ensures the project's vision is realized with precision and expertise.
6️⃣ Partnerships: Akash Network has forged strategic partnerships with industry leaders like ConsenSys, Status, Chainlink, and MakerDAO, enhancing its ecosystem and expanding its reach. Integration with platforms like Kava further strengthens Akash's position in the blockchain space.
7️⃣ Security and Audits: Secured by a Proof-of-Stake (PoS) blockchain, Akash Network prioritizes security with features like Audited Attributes, empowering users to control their trust settings. While platform audits are pending, Akash remains committed to enhancing its security measures.
8️⃣ Tokenomics: AKT serves as a versatile token for staking, governance, and payment for leasing compute resources. With a circulating supply of 227.36 Million and a maximum supply of 388.53 Million AKT ensures liquidity and utility within the Akash ecosystem.
9️⃣ Exchanges: AKT is readily available on various exchanges, including KuCoin, Kraken, Gate.io, and Coinbase, providing users with accessibility and liquidity for trading and investment opportunities.
🔟 Recent Developments: AKT's addition to Coinbase's roadmap and the ongoing AKT 2.0 efforts highlight Akash's continued growth and innovation. With new token features and utility in the pipeline, Akash is poised for further expansion and impact in the cloud computing industry.
1️⃣1️⃣ Conclusion: Akash Network's pioneering approach to decentralized cloud computing positions it as a frontrunner in revolutionizing the industry. With its strong technology, visionary leadership, and strategic partnerships, Akash Network is set to shape the future of cloud computing and blockchain integration.
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SpaceCatch (#CATCH )
SpaceCatch.io is a classic mobile game with augmented reality and geolocation support, similar to the world-famous game Pokémon GO. However, unlike this renowned game, SpaceCatch offers much-improved combat mechanics, an engaging storyline, and, last but not least, the implementation of play-to-earn and move-to-earn concepts.
In the vast landscape of crypto gaming, #SpaceCatch emerges as a shining star, offering an unparalleled experience that sets it apart. Unlike other games that focus solely on profits, SpaceCatch prioritizes the satisfaction of its players, crafting a meticulously designed ecosystem powered by cutting-edge technologies. Moreover, SpaceCatch goes beyond the traditional crypto game formula by establishing a thriving ecosystem and encompassing every aspect of the gaming experience. 
Pokémon GO Killer - A Lot More Fun, Engaging, Based on P2E, M2E, and AR Technologies
With SC you'll embark on an extraordinary journey into a groundbreaking metaverse game set in a parallel universe invaded by aliens. Having subjugated galaxies far and wide, they decided to target Earth because it was full of life and seemed lacking in brainy beings.
To join the fight against these space invaders, players just need to snap a selfie and get whisked away into the attacked metaverse, becoming tough Catchers. But catching these tricky aliens isn't a breeze – players need special power-ups earned through physical activities to beat them. Plus, players can create strong weapons and shields using in-game rewards.

To make the experience more immersive, SpaceCatch offers a fun adventure through two modes: Play-to-Earn (P2E) and Move-to-Earn (M2E). In the P2E mode, players battle to win digital goodies, working towards saving Earth. In the M2E mode, players are encouraged to move, earning rewards like Non-Fungible Tokens (NFTs) that improve characters and gear.
Moreover, striving for excellence, the SpaceCatch team adds cutting-edge tech to the game, showing off the magic of Augmented Reality (AR). You can dive into the SpaceCatch world by using your phone to explore aliens seamlessly mixed into your surroundings – whether it's a mall, home, park, or supermarket. AR makes the game even better, bringing the SpaceCatch universe to life in an exciting and immersive way.
It must be noted that the SpaceCatch team is keeping up with technological trends, and the entire ecosystem is built on the AKT cloud solution. NFTs are on Arbitrum and there are future plans to migrate the entire project to Arbitrum. This has also earned SpaceCatch the attention of the entire crypto community.
If you remember the hype of Pokémon GO, SpaceCatch takes it to the next level by seamlessly blending gaming fun with the real world. So, get ready to be hooked as the game and reality mix, making it a real challenge to put your phone down during this extraordinary AR-powered escapade.

AKASH NETWORK ( AKT)
#AkashNetwork is a decentralized cloud computing marketplace. It aims to provide a more efficient, open, and affordable cloud solution compared to traditional cloud services. The key aspects of Akash Network include:
Decentralization: Unlike traditional cloud providers which are centralized, Akash Network operates on a decentralized network of data centers. This means that anyone with compute resources can offer them on the Akash marketplace.Lower Costs: By leveraging underutilized cloud resources from various providers, Akash Network can offer cloud computing services at a lower cost compared to mainstream cloud providers.Open Source and Transparent: The platform's code is open-source, allowing for transparency and community-driven development.Security and Privacy: Decentralization in cloud computing can enhance security and privacy, as there's no single point of failure or control.Token Economy: Akash Network uses its own cryptocurrency token, AKT, to facilitate transactions within its ecosystem. This token is used for payments, governance, and security (staking) within the network.Use Cases: It's suitable for a wide range of applications, including web hosting, big data, blockchain projects, machine learning workloads, and more.
The Akash Network represents a significant shift in the cloud computing paradigm, moving away from centralized providers to a more distributed, open, and cost-effective model. This approach aligns with the broader trends in blockchain and decentralized technologies, emphasizing user empowerment, lower costs, and increased efficiency.
CELESTIA (TIA)
Celestia (TIA) is a unique cryptocurrency that powers a modular data availability network. This network enables the development and deployment of individual blockchains and decentralized applications with minimal overhead and enhanced scalability. A key feature of Celestia is its use of data availability sampling technology, which allows light nodes to verify the availability of transaction data without needing to download the entire dataset. This technology significantly contributes to the scalability of the network.
The TIA token, native to the Celestia network, serves several critical functions. It is used for paying for storage space, securing the network, and participating in governance processes. The circulating supply of TIA tokens is around 155.73 million.
Celestia's approach is quite innovative in the blockchain space. It focuses on providing a platform where developers can easily create and launch their own blockchains, similar to deploying smart contracts. This flexibility and ease of use position Celestia as a promising player in the field of modular blockchains.
The Celestia network and its TIA token have gained attention in the cryptocurrency market, with various exchanges listing it and a noticeable trading volume. This suggests a growing interest and potential for the network and its native token.
SEI (SEI)
Sei is a Layer-1 public blockchain that specializes in the exchange of cryptographic assets like NFTs and social tokens. It aims to address the scalability issues faced by exchanges operating on Layer 1 blockchains. Sei offers a unique proposition by being the fastest blockchain in the industry, with a focus on optimizing every layer of the stack for trading applications. This makes it particularly suitable for applications that involve trading, such as NFT marketplaces or gaming economies.
Key features of Sei include:
A transaction finality time of 380 milliseconds, which is significantly faster than many other blockchains.A transaction throughput of 20,000 orders per second.A novel consensus mechanism called Twin-turbo consensus, which is credited for its industry-leading performance.Market-based parallelization, which is unique among blockchain platforms.A native matching engine for exchange teams to leverage.Frontrunning protection to combat malicious activities common in other ecosystems.
The SEI token, which is native to the Sei blockchain, plays several roles within its ecosystem, including payment for network and transaction fees, participation in DAO governance, serving as collateral, and validating nodes. The total supply of SEI tokens is 10 billion, with a circulating supply of 1.8 billion.
Sei's mainnet launch was notable for its simultaneous listing on multiple top-tier cryptocurrency exchanges, including Binance, Coinbase, and OKX. This simultaneous listing is relatively rare for new tokens and speaks to the strong fundamentals and industry support for Sei.
Sei's vision extends beyond just DeFi applications and encompasses a wide range of digital assets, including gaming assets, social tokens, and NFTs. Its infrastructure is designed to support the mass adoption of these digital assets with a focus on security, scalability, and user-centric features.
ARBITRUM (ARB)
#Arbitrum is a Layer 2 scaling solution for the Ethereum blockchain, designed to enhance the efficiency of Ethereum's smart contract transactions while significantly reducing transaction costs. It operates by handling complex computational tasks, such as transaction processing and data storage, on a second layer, thus alleviating congestion and cost from the main Ethereum network.
Arbitrum employs a technology known as "optimistic rollups" to process transactions. Optimistic rollups work by executing transactions off-chain before settling them on-chain, thus allowing the Ethereum blockchain to confirm a batch of transactions rather than validating each one individually. This method not only speeds up transaction processing but also optimizes block space by storing only the necessary data on the Ethereum blockchain.
The Arbitrum token, known as ARB, is used within the Arbitrum ecosystem primarily for governance. Holders of the ARB token can participate in decentralized governance decisions within the Arbitrum DAO (Decentralized Autonomous Organization). The voting process for these decisions takes about 21-37 days before they can be executed. Additionally, the Arbitrum DAO votes to elect members of the Arbitrum Security Council.
Arbitrum's ecosystem has seen significant growth, with a wide range of decentralized applications (DApps), particularly in the DeFi (Decentralized Finance) sector, opting to use Arbitrum for increased throughput and lower fees. This growth is reflected in the platform's increasing number of unique addresses and the variety of DApps available on it.
Comparing Arbitrum to other blockchain solutions, it stands out for its high compatibility with the Ethereum Virtual Machine (EVM) and its robust developer tooling. This compatibility makes it easier for developers to work with Arbitrum using existing Ethereum development tools. Additionally, Arbitrum's unique optimistic rollup technology sets it apart from other Layer 2 solutions, such as ZK-rollups, by offering an efficient and cost-effective way to scale Ethereum transactions.
TECTUM (TET)
#Tectum is the only Blockchain network to employ proprietary Proof-of-Utility (PoU) Consensus and super-fast Network Protocol as described in the Tectum White Paper. PoU protocol optimizes data distribution, and the Network Protocol enables nodes to distribute and validate over 1 Million digital events per second, making Tectum the fastest Blockchain in the world by far. To put this into perspective, Bitcoin processes from 4.6 to 7 Transactions Per Second (TPS), Ethereum from 12 to 25 TPS, Cardano 250 TPS, and Solana 29,000 TPS. Tectum is not only the fastest blockchain in the world, but also the most secure and the most adaptable, reaching speeds of 1.38 Million TPS during peak performance.
A SoftNote is the flagship product of Tectum and is positioned as the first “Transactionless” Payment System boasting truly instant payment capabilities and a zero-fee policy for the end user.
One of the key features of Tectum is its ability to store hashes mapped back to original data stored at a lower level, rather than directly in the blockchain. This approach isolates heavy transaction-related information from the main pipeline and is validated by hashing, signing, and encrypting the bundles at the end of each transaction. This method ensures that event-related information is instantly verifiable and publicly accessible while maintaining high security standards.
Tectum's ecosystem includes the SoftNote, which is a flagship product described as a "next-generation" NFT with practical, real-world use cases. SoftNote is touted as the first transactionless payment system, providing instant payment capabilities and a zero-fee policy for end-users. It allows for transactions without actual blockchain involvement, only requiring "handover" signatures via passcode and serial numbers. This system gives SoftNote cash-like properties and enables it to be used in various formats, such as printed on paper or sent digitally.
The Tectum Token (TET) is another aspect of the ecosystem, combining attributes of both Tectum Coin (TEC) and SoftNote. The TET token can be exchanged for various items within the ecosystem, such as a minting license for SoftNote or buying TEC at its collateral value.
Tectum also features a wallet interface that facilitates the instant transfer and conversion of cryptocurrencies like Bitcoin, with minimal fees and a user-friendly interface. Additionally, the platform has implemented a quantum-proof authentication method, called 3FA, which provides an added layer of security beyond traditional two-factor authentication.
Overall, Tectum aims to offer practical solutions to existing problems in finance and crypto, with a clear path toward peer-to-peer and peer-to-retail mass adoption. Its technology and features address challenges in a convenient way and offer extended security in the digital finance space.
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Akash Network (AKT) saw a significant price surge of 20% in the last day, reaching $5.66, propelled by robust Q1 performance. The platform reported revenue of $140K, driving analysts to set ambitious price targets up to 100%.
Additionally, AKT broke through the crucial resistance level of $5.0. The token’s market cap now stands at $1.336 trillion, with a notable daily trading volume increase of 350% to $232 million.
Akash Network Reports Strong Q1 Revenue Growth
The team behind Akash Network recently announced significant quarterly revenue growth, revealing that the platform generated over $140k in revenue during Q1 2024. This impressive growth is attributed to increasing interest in DePIN and rising demand from developers, resulting in higher usage of the AKT token.
Praetor App Simplifies Provider Setup
On May 8, the Akash Network team introduced Praetor, a user-friendly platform designed to streamline the process of setting up a provider on Akash. Praetor App offers a simplified user interface, making it easier for individuals to become cloud providers on the Akash Network without the need for Command-line Interface usage. Since merging with Overclock Labs in April, efforts to open-source Praetor are well underway.
The team also shared insights into the product strategy of the Praetor App, also known as the Akash Provider Console, on GitHub. According to the post, the Overclock and Praetor teams have collaborated closely to synchronize their product strategy and roadmap, ensuring a cohesive approach to the development and enhancement of the platform.
Bullish Momentum for Akash Network (AKT)
Akash Network (AKT) has experienced a notable surge of 15.63% in the last 24 hours, reaching a current trading price of $5.64. The token’s upward movement has seen it surpass a diagonal trendline on the 4-hour timeframe, with efforts to maintain the previous week’s high of $5.095 as a support level.

According to analysis by TraderAAG, if AKT falls below the $5.095 support level, there could be an opportunity for a retest of the trendline. This scenario presents a potential opportunity for traders to increase their positions in anticipation of a bullish reversal.

Trader Andrew Griffiths has identified a cup and handle formation for AKT, indicating a bullish outlook. This formation suggests an upward target range between $7.9 to $12.1, potentially signaling further price appreciation for Akash Network in the near term.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#AkashNetwork #AKT

In the past 24 hours, Aakash Network's price surged to $16.30, while AKT remains 18% below its previous all-time high.
Akash Network peaked near $6.8576 on April 23, then dropped by about 46%, stabilizing around $3.70, aligning with 61.80% Fibonacci retracement.Yesterday, Akash Network formed a Marubozu candlestick, indicating strong momentum, and breached a triangle pattern.The daily RSI slope suggests a bullish divergence, and with AKT trading above all moving averages, it indicates further upside potential.If AKT holds above the triangle pattern, it could hit $7 first, then $10 in the coming months.According to Coin Gabbar analysis, If we reverse from $6.20, prices might drop to $5, supported by a pattern, possibly reaching $4 due to panic selling.
KEY LEVELS :
RESISTANCE LEVEL : $7.00-$10.00
SUPPORT LEVEL : $4.00-$2.500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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