➤ NGP Capital, an early investor in Xiaomi, recently made a strategic investment in Impossible Cloud Network.
NGP is an early investor in Xiaomi, Helium, and Workfusion, focusing long-term on key technology and infrastructure investments. The discerning eye of Xiaomi's financial backers is not to be underestimated.
👉 ICN aims to be the Amazon Web Services of Web3.
ICN operates in the DePIN track, but its true competitors are not only other Web3 protocols but also the giants of Web2 cloud computing.
Currently, Filecoin only offers storage, and IO net only provides computing power. Unlike DePin projects that 'provide a single service,' ICN is a complete, composable protocol stack that integrates 'storage + computing + network' with a single protocol.
Provides an integrated and comprehensive ecosystem user experience, creating a developer-friendly, globally-oriented next-generation cloud service platform in a composable, censorship-resistant, and permissionless manner.
1️⃣ Ecosystem Landscape
Ecosystem Flywheel: New Nodes → Lower Costs → More Customers → Higher Profits → Attract More Nodes
ICN is not a pure on-chain project 'with only nodes and tokens,' but packages 'decentralized resources' into SaaS that enterprises can directly procure through multi-service cloud and channel partnerships, creating a positive flywheel effect.
2️⃣ Powerful Infrastructure
Over 50PB of storage is online, with reserve orders exceeding 250PB, globally distributed, processing 20 to 50 million files daily, and has been implemented in several data centers across Europe.
2️⃣ Profitability
ICN has already served over 1,000 enterprise customers, with annual revenue exceeding $5 million, representing a project with stable cash flow.
As the fastest-growing cloud service provider in Europe, the project has strong financing capabilities, having previously raised $31 million, and with NGP's strategic investment valuing it at $470 million, the funding reserves are even more abundant.
The HyperNode presale launching in Q4 2024 had initial node sales reaching approximately $12.73 million, locking in early power contributors.
3️⃣ Team Background
CEO: Kai Wawrzinek, formerly a co-founder of the NASDAQ-listed company Goodgame Studios.
Has achieved billions of dollars in success in the gaming industry, being a serial entrepreneur with a track record of success.
Other team members also have rich experience in cloud infrastructure and blockchain projects.
💡 In summary
Stable cash flow profitability, projects with rich commercialization experience, backed by top-tier capital, greatly enhance the capital synergy value of ICN.
In the DePIN track, ICN simultaneously meets three key elements: technology implementation, real revenue, and capital backing. Future highlights will be the launch of GPU services and expansion into the North American market.
The Token Generation Event (TGE) is approaching, and expectations for Tier 1 listings are high.
