In a major boost for decentralized infrastructure, Acurast, a blockchain-based cloud computing network powered by smartphones, has successfully raised $5.4 million to expand its innovative platform. The public token sale, which closed on May 22, priced the ACU token at $0.09, giving the project a fully diluted valuation of $90 million.
Public-Powered, Fairly Distributed Cloud Computing
Acurast’s raise stands out not only for its size but also for its structure. The sale was open to the public, with purchase allocations ranging from $100 to $2 million per user, underscoring the project’s commitment to fair distribution and community participation.
The funding will be used to scale and refine Acurast’s protocol, which utilizes a network of over 72,000 smartphones to offer decentralized computing services. These devices have collectively processed over 256 million transactions, making Acurast one of the most active and decentralized computing networks in operation today.
Redefining the Cloud: From Centralized Giants to Pocket-Powered Grids
In an industry historically dominated by centralized tech giants like Amazon, Google, and Microsoft, Acurast offers a radically different model. Instead of relying on expensive, energy-intensive data centers, Acurast leverages idle computing power from everyday mobile phones turning anyone into a node in its decentralized network.
“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.
The Role of the ACU Token
At the center of the Acurast ecosystem is the ACU token, which fuels transactions, incentivizes participation, and aligns stakeholders through decentralized governance.
“Acurast allows anyone to run compute with their mobile phones, providing real decentralization,” De Carli explained. “The ACU token incentivizes active collaboration, supports sustainable growth, and enables users to become stakeholders in a scalable and secure computer economy.”
With use cases spanning blockchain infrastructure, decentralized AI, and edge computing, Acurast aims to become a backbone for next-generation decentralized applications.
A Growing Sector with Global Implications
The success of Acurast comes as interest in decentralized cloud solutions continues to grow. Startups and enterprises around the world are looking for alternatives to centralized infrastructure, particularly in regions where access to high-performance cloud services is limited or prohibitively expensive.
Acurast’s model offers not only decentralization but also inclusivity and energy efficiency crucial traits in an era of rising demand for scalable, democratized computing power.
With $5.4 million in new capital, a robust public network, and a bold vision to transform cloud computing, Acurast is rapidly emerging as a pioneer in decentralized infrastructure. As the world searches for alternatives to centralized data monopolies, Acurast’s smartphone-powered network could become a defining force in the decentralized computing revolution.
