PANews reported on March 4 that Akave, a decentralized cloud storage service provider, announced the completion of a $6.65 million funding round, with participation from Protocol Labs, No Limit Holdings, Blockchange, Lightshift, Blockchain Builders Fund, Big Brain Holdings, Avalanche Foundation, and Filecoin Foundation.
Akave Cloud is an S3-compatible decentralized storage platform built on a dedicated Avalanche Layer 1 blockchain. It is designed to provide enterprises with an alternative to traditional cloud storage, enabling AI applications to run without being locked into specific cloud service providers.


Pi Network has officially confirmed the launch date of its decentralized exchange (DEX), scheduled for Marc