Web3 cloud platform ICN completes €28.80 million financing round, valuation reaches €398.00 million, led by NGP Capital

Impossible Cloud Network (ICN), a decentralized cloud platform based in Zug, Switzerland, has announced the completion of a €28.80 million funding round, bringing its latest valuation to €398.00 million. The round was led by NGP Capital, with participation from 1kx, Protocol Labs, and others. ICN is also launching its native token, $ICNT, and plans to list it on several centralized exchanges, including Binance and Kraken. ICN is committed to building a permissionless Web3 cloud infrastructure, positioning itself as an alternative to traditional cloud giants such as AWS. [Odaily星球日报]