AKT (Akash Network) — Digital Asset Research

What AKT Is

AKT is the native token of Akash Network, an open-source decentralized marketplace where independent providers lease unused CPU/GPU capacity to tenants through a reverse-auction mechanism, positioned as a decentralized alternative to AWS/Azure/GCP. AKT is used for staking (PoS security), governance, and gas; ACT is a separate non-transferable, USD-pegged "compute credit" minted by burning AKT. Akash runs its own SDK-based Layer 1 chain in the Cosmos ecosystem, founded by Greg Osuri/Adam Bozanich (Overclock Labs) [1][20][23].

Market Snapshot (with conflicting data)