Acurast Invests $11 Million to Address Cloud Computing Limitations Using Decentralized Smartphone Networks
- Acurast secured $11M in funding led by CoinList to advance its smartphone-powered decentralized compute network for Web3. - The platform aims to address cloud computing bottlenecks by transforming mobile devices into verifiable processing nodes. - This round highlights growing crypto VC interest in compute networks, with $122M raised across 10 projects in the same week. - Acurast's strategy aligns with trends in utility-driven tokenomics and decentralized infrastructure adoption.
Acurast, a decentralized network focused on verifiable computing, has obtained $11 million in new funding to further its goal of decentralizing Web3 computing by utilizing a worldwide network of smartphones. This funding round, with CoinList, Scytale Digital, and P2O2 at the helm,
This financial boost highlights Acurast’s plan to harness distributed smartphone networks, enabling scalable and verifiable computing solutions. By converting mobile phones into decentralized processing nodes, the platform seeks to overcome limitations of conventional cloud computing, while also improving data security and operational efficiency. The new funds will support global growth and enhancements to its AI-powered infrastructure, as noted in a recent celebratory post from the Acurast team
Acurast’s decentralized computing model is in line with similar efforts within the blockchain industry,
The investment climate for crypto startups remains strong despite wider economic uncertainties. Investors are showing greater interest in projects with practical applications in areas such as AI, carbon reduction, and cross-chain technology. For example,
Acurast’s achievements also emphasize the value of both geographic and technological diversity. The Generation Essentials Group (TGE), as an example,
Looking ahead, Acurast will contend with established names like Beam Global and new entrants in the computing field.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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