Acurast raises $5.4M for global decentralized cloud using smartphones
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Summary
Acurast has raised $5.4m to develop a decentralised cloud computing network using smartphones as the key infrastructure.
The funds will be used to expand the protocol which aims to prove that compute can be verifiable, confidential, energy-efficient and decentralised, says co-founder Alessandro De Carli.
Acurast allows users to both participate in confidential compute tasks, decentralised AI and blockchain infrastructure and earn rewards using their smartphone processing power.
The firm claims it is now the most decentralised and verifiable compute network in the world, eliminating the need for centralised data centres, with over 72,000 smartphones registered worldwide.
The Acu tokens raised will be used for network fees, settlement layers, staking and governance.