Web3 cloud platform ICN has completed a €28.8 million funding round at a €398 million valuation, with lead investment from NGP Capital.

Blockbeats

07/04

BlockBeats News, July 4th, Decentralized cloud platform Impossible Cloud Network (ICN), based in Zug, Switzerland, announced the completion of a €28.8 million funding round, with a latest valuation of €3.98 billion. The round was led by NGP Capital, with participation from 1kx, Protocol Labs, among others. ICN also launched its native token, ICNT, and plans to list on various CEXs such as Binance and Kraken.

ICN aims to build permissionless Web3 cloud infrastructure as an alternative to traditional cloud giants like AWS.

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