AKT
Summary
AKT is the native utility token of Akash Network, a decentralized cloud computing marketplace built on the Cosmos SDK and founded in 2015 by Greg Osuri and Adam Bozanich under Overclock Labs. The project operates as a legitimate, open-source DePIN (Decentralized Physical Infrastructure Network) with public governance, audited code, and institutional partnerships including an indirect connection to NVIDIA through the Brev.dev acquisition. No regulatory actions, fraud allegations, or major exploits have been identified, though a responsibly disclosed critical vulnerability was patched in May 2024 and a spam attack disrupted the network briefly in March 2025.
Connected Entities
1 entities · 10 linked investigations- + 5 more
Timeline(15 events)
2015-01-01
Akash Network founded by Greg Osuri and Adam Bozanich under Overclock Labs
Understanding Akash: A Comprehensive Overview - Messari2020-03-01
Private funding round raises $2 million at $0.0591/AKT from DACM, Infinite Capital, and Cypher Capital
Akash Network IEO Funding Rounds - CryptoRank2020-09-01
Akash Mainnet 1 launches with the first functional decentralized cloud marketplace
Akash Network - IQ.wiki2020-10-21
AKT Token Generation Event at $0.39 per token; IEO on BitMax raises $800,000 at $0.35
Akash Network IEO Funding Rounds - CryptoRank2021-03-01
Mainnet 2 launches with Akash Marketplace, flexible bid pricing, IBC compatibility, and deployment tooling
Akash Mainnet 2 - Help Net Security2022-11-01
Mainnet 4 upgrade introduces IP leases and Cosmos IBC3 support for cross-chain transactions
Akash Network - IQ.wiki2023-08-01
Mainnet 6 upgrade introduces GPU support, enabling providers to offer GPU resources to deployers globally
Akash Network - IQ.wiki2024-04-01
Brev.dev integrates Akash GPU resources, making AKT a balance sheet asset for Brev
Exclusive: Brev.dev joins forces with Akash Network - VentureBeat2024-04-28
ChainLight identifies a critical authentication bypass vulnerability allowing impersonation of deployment owners
Finding a Critical Vulnerability in Akash Network - ChainLight2024-05-01
Akash patches and deploys fix for critical authentication vulnerability within 3 days of report; bug bounty paid
Finding a Critical Vulnerability in Akash Network - ChainLight2024-07-16
NVIDIA acquires Brev.dev, indirectly making NVIDIA an AKT balance sheet holder and Akash Network partner
Brev has been acquired by NVIDIA - Akash Network Twitter2024-12-10
CEO Greg Osuri named to CoinDesk Most Influential 2024 list
Greg Osuri: Delivering on DePIN - CoinDesk2024-12-20
AKT debuts as an Exchange-Traded Product on Sweden's Spotlight Stock Market through Valour Inc., with Swedish FSA approval
Akash Network Token Debuts as ETP - BusinessWire2025-03-29
Spam attack targets Akash blockchain and Console, causing network congestion and halting new deployments for several hours
State of Akash Q2 2025 - Messari2025-03-30
Validators raise fees; patch released to prevent recurrence of spam attack
State of Akash Q2 2025 - MessariDecision Log
- hash: 8uJ982uFiTP8NrUo2jqWwoZBCLxYH5cxjWXNJX7dWU6R
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/4/2026, 8:52:48 PM
last updated: 6/4/2026, 8:53:29 PM
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