Altcoin Surge by 44% This Week Amid Successful AI Testing
A little-known altcoin is beating a shaky crypto market this week by starting its own rise and making big gains.
Akash Network (AKT) is a decentralized, open-source cloud network that works with machine learning, blockchains, and artificial intelligence (AI). It also works with decentralized finance (DeFi) apps and organizations.
The project’s native token, AKT, went from being worth $0.319 per week to being worth $0.462 per week, which is a gain of more than 44%.
This week, the price of Akash Network went up because the project worked on trying AI on its testnet.
Describes the Twitter account for the project,
“The Akash GPU Testnet has completed an incredible week of progress. Multiple leading AI models were tested on an Nvidia A100 via the Akash GPU Testnet, bringing Akash one step closer to creating the AI Supercloud…
All of this effort leads to the Incentivized Akash GPU Testnet, which will bring in the community to provide GPU compute, deploy and benchmark models, and create deployment specs – while earning rewards for participating.”
A graphics processing unit (GPU) with a lot of power is an Nvidia A100.
Last week, Greg Osuri, the founder of Akash Network, said that AI apps are now on the testnet.
“Akash GPU Testnet now hosts amazing AI apps like AutoGPT, BabyAGI, and Stable Diffusion, flawlessly leveraging a decentralized GPU market.
This is the first instance an Opensource Supercloud can host Opensource AI.
When the mainnet launches in a few weeks, it’s not difficult to understand why there is a chance we’ll run out of GPUs with the current levels of demand to run these models.”
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