Akash Network Selects Solana for Planned Move From Cosmos

Akash Network’s core team has chosen Solana for a planned departure from its Cosmos sovereign chain, with plans to rebuild its decentralized compute marketplace as a native program on Solana’s mainnet.

Akash Network co-founder Greg Osuri announced the selection. The team plans to submit a migration proposal on akashnet-2, which must reach a 33.4% quorum and win majority approval.

If the proposal passes and two independent audits are completed, Akash would issue its native token, AKT, as an SPL token on Solana after a two-week wait. A one-way migration portal would remain open for two years, allowing holders to move AKT at a 1:1 ratio while keeping its code, decimal places and total supply unchanged.

The marketplace switch date has not been set. A separate governance vote will determine it after the audits and a migration rehearsal. Existing workloads would continue for 90 days after the switch before the old chain shuts down. Staking rewards would end at the switch, while validator roles and revenue would end when the old chain stops.

The next step is submission of the migration proposal.