I spoke to the dev of this project and I wasn't filled with confidence.
"Its said on reddit that the Ethereal developers didn't know about AKASHA when starting with Ethereal"
Akasha is a BIG deal in crypto along with Genosis so if they are stating they haven't heard of it, it's either (unlikely) clever marketing or (likely) a bullshit project.
Either way, I'm digging the colour scheme in their website. Beautiful.