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Image Credit: VentureBeat

Acurast raises $5.4M for global decentralized cloud using smartphones

  • Acurast has raised $5.4 million for a global decentralized cloud computing network using smartphones.
  • The funds were raised through a community-led investment round by CoinList, with Acurast's ACU token priced at nine cents.
  • The capital raised will be used to enhance the protocol that enables users to participate in confidential compute tasks, decentralized AI, and blockchain infrastructure using smartphones.
  • Acurast's decentralized network has over 72,000 smartphones onboard and offers a high-performance Proof of Stake blockchain for secure decentralized compute.

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