Houston Rockets owner of the NBA validates blocks for the Akash network
Billionaire businessman Tilman Fertitta, the sole owner of Fertitta Entertainment, which owns restaurant giant Landry’s, Golden Nugget Casinos and Hotels, and the NBA’s Houston Rockets, has taken his next step to level the cryptocurrency space by getting involved with transaction block validation for the Akash Network begins begin, the world’s first decentralized open source cloud, which uses unused cloud capacities in 8.4 million data centers to provide consumers with lower-cost cloud resources in a secure and smooth market.
“We always strive to be innovative and to be ahead of everyone else,” said Fertitta. “The Akash Network aims to shape the future of cloud computing and is unique among many new blockchain companies in that it has a working product that meets real business needs.”
Fertitta Entertainment goes beyond simply accepting and investing in cryptocurrencies: “We felt it was time to look into mining or validating blocks as the next logical step in our digital asset strategy,” said Trey Zeluff, Director of Digital Asset Strategy. “The Akash Network has turned out to be a promising business model for us, led by a talented team that is capturing the essence of crypto through the use of blockchain technology to decentralize the cloud.”
Fertitta’s validation node will confirm transactions in the Akash network and transfer these transactions to the Akash blockchain. The node earns rewards in Akash tokens (AKT) for this work, similar to how bitcoin miners earn bitcoin for similar activities on the bitcoin blockchain. In addition to validating blocks for the Akash network, Fertitta is also looking for ways to migrate some of its company’s cloud computing needs to the Akash network in order to take full advantage of the savings offered by the new decentralized cloud.
Tilman Fertitta was at the forefront of digital asset adoption. In 2018, his luxury car dealership, Post Oak Motors, became the first dealership in the country to accept Bitcoin, and has since accepted multiple cryptocurrencies in its global hospitality empire, including its restaurants and the Houston Rockets.
Via the Akash network
Akash Network, the world’s first decentralized and open source cloud, accelerates delivery, scaling, efficiency and price performance for high-growth industries such as blockchain and machine learning / AI.
Akash Network, known as Airbnb for Cloud Compute, offers a fast, efficient, and inexpensive solution for application delivery. Akash Network developers have up to three times less access to cloud computing than centralized cloud providers like Amazon (NASDAQ 🙂 Web Services, Google (NASDAQ 🙂 Cloud, and Microsoft (NASDAQ 🙂 Azure.
Leveraging containerization and open source technology, Akash Network uses 85% of the unused cloud capacity in 8.4 million global data centers, so anyone can buy and sell cloud computing.
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