Brian Chesky\u2019s bank account had dwindled to $1,000. He had no\u00a0job.<\/p>\n
And the rent on his San Francisco apartment was about to jump by\u00a025%.<\/p>\n
With his back against the wall, Chesky tried a \u201csilly\u201d idea to make some\u00a0cash.<\/p>\n
He put three inflatable mattresses in his spare bedroom and offered to rent them to attendees of an upcoming conference in\u00a0town.<\/p>\n
Chesky built a basic website and advertised it as Air Bed and Breakfast<\/em>.<\/p>\n Fast-froward 15 years, and home-sharing pioneer Airbnb (ABNB) is now an $86 billion company, making Chesky a billionaire.<\/p>\n Airbnb allows you to earn some extra cash renting out a spare room in your\u00a0house.<\/p>\n It allows you to make money renting out your idle chips to users who need some extra computing power.<\/p>\n Akash has been around for roughly six years. Its first offering was a decentralized cloud computing service. Think Amazon Web Services, but instead of running on a few giant data centers, it\u2019s powered by thousands of individuals around the\u00a0world.<\/p>\n That business has hummed along. But the AI boom\u200a\u2014\u200akicked off by ChatGPT\u2019s launch less than one year ago\u200a\u2014\u200apresented an even bigger opportunity for\u00a0Akash.<\/p>\n AI systems are powered by a special type of computer chip called graphics processing units (GPUs). Unlike traditional chips, GPUs can perform thousands of calculations all at once, making them perfect for fast-thinking AI \u201cbrains.\u201d<\/p>\n And ChatGPT doesn\u2019t just need a couple dozen chips. It was trained on 10,000 Nvidia (NVDA)<\/a> GPUs! It also needs thousands more to keep the system up and running\u00a024\/7.<\/p>\n Akash launched its \u201cAI Supercloud\u201d last month. As I said, it\u2019s like Airbnb for GPUs. It allows folks to rent out their idle GPUs to companies that can\u2019t get their hands on\u00a0them.<\/p>\n Users love Akash. It gives them access to AI chips they can\u2019t get anywhere else\u200a\u2014\u200aand at a fraction of the cost, as I\u2019ll show you in a\u00a0moment.<\/p>\n It\u2019s also great for folks who sign up to rent their idle GPUs. When your chip is used, you get paid in Akash\u2019s crypto token (AKT). Folks can then sell AKT for real US\u00a0dollars.<\/p>\n Say you pay $100 to access GPUs on Akash\u2019s network. Akash takes anywhere from $4 to $20 as a fee, funneling the rest through to the GPU provider.<\/p>\n Akash\u2019s AI Supercloud enjoyed huge growth since launching on September 1,\u00a02023.<\/p>\n There are now 644 top-end Nvidia GPUs available to rent on its network, as you can\u00a0see:<\/p>\n That\u2019s still a drop in the ocean compared to cloud giants like Meta<\/a> and Microsoft<\/a>, which have over 100,000\u00a0GPUs.<\/p>\n But given the AI chip shortage, Akash\u2019s GPU capacity should keep growing.<\/strong> Not only can Akash give firms access to sought-after GPUs, but it does so at much lower prices than competitors.<\/p>\n We cobbled together numbers from various sources and found Akash can offer GPU power anywhere from 15% to 30% cheaper than Microsoft, Amazon, or\u00a0Google.<\/p>\n Access hard-to-find AI chips at slashed prices? Sounds like a winning business to\u00a0me.<\/p>\n RiskHedge Venture<\/em><\/a> <\/em>members know tokenomics is a key part of our analysis.<\/p>\n It\u2019s one of the most important\u200a\u2014\u200aif not the<\/em> leading driver\u200a\u2014\u200aof a crypto\u2019s price. A well-designed token can cause mediocre projects to soar. Bad tokenomics can weigh on even the best, fastest-growing cryptos.<\/p>\n There are two key pillars to every crypto\u2019s tokenomics.<\/p>\n Akash makes money through \u201ctake rates,\u201d which currently range from 4% to\u00a020%.<\/p>\n The majority of these fees are then paid out to AKT holders who secure the network by \u201cstaking\u201d their tokens. In the stock market, they\u2019d call this paying a \u201cdividend\u201d or returning money to shareholders.<\/p>\n You can currently stake your AKT tokens and earn a 16%\u00a0yield.<\/p>\n Akash created 344 million AKT tokens when it ICO\u2019d in\u00a02019.<\/p>\n Roughly 30% of those tokens were released right\u00a0away.<\/p>\n Another 45% were gradually introduced into circulation over the past four years. This includes all the tokens awarded to \u201cinsiders,\u201d like early investors and Akash employees.<\/p>\n In other words, some three quarters of all AKT tokens that will ever exist are already in circulation today.<\/p>\n The remaining 25% will slowly be released over the next six years, mostly paid out to stakers who secure the\u00a0network.<\/p>\n Here\u2019s a snapshot of Akash\u2019s supply schedule. There are no massive unlocks on the horizon, which is what we want to\u00a0see:<\/p>\n Today, Akash is a tiny crypto with a $1 billion market cap\u200a\u2014\u200asmall enough to rank outside the largest 100\u00a0cryptos.<\/p>\n Yet, it\u2019s solving one of the biggest problems in the world right now\u200a\u2014\u200aaccess to AI\u00a0chips.<\/p>\n I first recommended AKT to my Venture<\/em><\/a> <\/em>members in October 2023. By March, we sold half of that position for a 650% profit. We continue to hold the other half 440% into profit. It\u2019s a great crypto to keep in your portfolio.<\/p>\n For more insights, <\/strong>subscribe to my investing letter The\u00a0Jolt\u26a1<\/em><\/strong><\/a>.<\/em><\/strong><\/p>\n I publish fresh research on stocks and crypto every Monday and\u00a0Friday.<\/p>\n Click here to subscribe<\/a>.<\/p>\n My most up-to-date crypto recommendation are available to Venture<\/em><\/a> <\/em>members. <\/em>You can learn more about it by clicking\u00a0here<\/a>.<\/p>\n \u2014 Stephen McBride, Chief Analyst at <\/em>RiskHedge<\/em><\/a><\/p>\n This under-the-radar crypto created Airbnb for AI chips<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Brian Chesky\u2019s bank account had dwindled to $1,000. He had no\u00a0job. And the rent on his San Francisco apartment was about to jump by\u00a025%. With his back against the wall, Chesky tried a \u201csilly\u201d idea to make some\u00a0cash. He put three inflatable mattresses in his spare bedroom and offered to rent them to attendees of […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-28179","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28179"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28179"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28179\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Akash (\u201cah-cash\u201d) Network (AKT) is like \u201cAirbnb for computer\u00a0chips.\u201d<\/strong><\/h3>\n
Better\u2026 faster\u2026\u00a0cheaper<\/h3>\n
Analyzing Akash\u2019s tokenomics<\/h3>\n
#1: How will the tokens accrue value from the underlying businesses?<\/h4>\n
#2: What does its supply schedule look\u00a0like?<\/h4>\n