Acurast raises $5.4M to decentralize cloud computing using smartphones

Is Your Smartphone Secretly a Cloud Server? Acurast Thinks So! 😂

In a world where the clouds are not just in the sky but also in our pockets, Acurast has managed to snag a whopping $5.4 million to supercharge its network of smartphones, turning them into the unsung heroes of decentralized cloud computing. Who knew your phone could do more than just scroll through memes? 📱💰

The race for decentralized cloud computing is heating up faster than a summer sidewalk! On May 26, in a press release that could make even the most stoic investor raise an eyebrow, Acurast announced its latest financial triumph. They’ve raised $5.4 million to fuel their decentralized cloud solution. Talk about a power move!

The sale was wrapped up on May 22, with tokens priced at a mere $0.09, giving the company a fully diluted valuation of $90 million. In a bid to keep things fair and square, the sale was open to the public, with a minimum purchase of $100 and a maximum allocation of $2 million per user. Because who doesn’t want to be a part of the next big thing, right? 💸

According to the firm, this newfound capital will be funneled into enhancing their network of smartphones that power the decentralized cloud. This network is not just a pretty face; it supports a plethora of use cases, including blockchain infrastructure and decentralized AI. It’s like a Swiss Army knife for tech enthusiasts!

“Most of the newly raised capital will be used to enhance our protocol, which continues proving that compute can be verifiable, confidential, energy-efficient, and truly decentralized, powered by the phones in our pockets,” said Alessandro De Carli, President of the Board and Co-Founder of Acurast. Sounds fancy, doesn’t it? 🤓

Decentralized cloud is gaining traction

Acurast has surpassed 72,000 smartphones, enabling a staggering 256 million transactions so far. According to the company, this makes it the most decentralized computing network today. Who knew that your old smartphone could be a part of something so revolutionary? 📈

“The ACU token lies at the heart of this economy. Acurast allows anyone and everyone to run compute with their mobile phones, providing real decentralization, and become stakeholders in the network powering a secure, scalable, and decentralized computer economy while incentivizing active collaboration and sustainable growth,” Alessandro De Carli. Sounds like a win-win, doesn’t it? 🏆

Traditionally, cloud computing has been the playground of tech giants like Amazon, Google, and Microsoft, who throw billions at global data centers and sell their services like hotcakes. But fear not! Decentralized cloud solutions are here to shake things up, relying on distributed networks of servers—sometimes even your personal devices, as in Acurast’s model. This means users can tap into the idle computing power of their devices in exchange for rewards. It’s like finding money in your couch cushions, but way cooler!

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2025-05-26 16:21