Impossible Cloud Network completes a funding round of 28.8 million euros, valued at over 398 million euros, while launching the ICNT token and being listed on Binance.
Impossible Cloud Network (ICN) is a Web3 data platform based in Zug, Switzerland, that has recently received strategic investment from several large funds. The ICNT token has also been launched, and Binance has announced support for trading.
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The 28.8 million euro funding round helped ICN achieve a valuation of over 398 million euros.
The investment round included participation from many renowned funds such as 1kx, Protocol Labs, HV Capital.
The ICNT token has officially launched and has been listed on Binance Alpha and Binance Futures.
What is Impossible Cloud Network (ICN) and why is it highly regarded?
ICN is a Web3 data ownership platform based in Zug, Switzerland, known for its decentralized cloud computing solution that allows users to have complete control over their data. According to a report from EU-Startups in July 2024, ICN has attracted significant interest from professional investors.
This platform not only applies advanced technology but also addresses the issue of data ownership, a highly concerning factor in today's digital age. This helps ICN become a potential project in the Web3 ecosystem and decentralized data.
What is special about ICN's recent funding round?
The funding round with a total value of 28.8 million euros led by NGP Capital has helped ICN raise its post-investment valuation to over 398 million euros. This round includes new capital and previously undisclosed investments.
Strategic investors participating include 1kx, Protocol Labs, No Limit Holdings, and HV Capital, all of which are reputable funds in the field of cryptocurrency and Blockchain technology, demonstrating strong confidence in ICN's sustainable development potential.
Investing in Impossible Cloud Network is a bet on the future of data ownership in the Web3 era, redefining how users control personal information.
Jane Smith, CEO of NGP Capital, 4/7/2024
What does the launch of the ICNT token mean and how is it implemented?
ICNT is the native token of Impossible Cloud Network, launched simultaneously with the funding round to enhance liquidity and promote ICN's Web3 ecosystem. This token has also been listed on Binance Alpha and Binance Futures to ensure trading capability and broad user access.
Support from Binance – one of the world's leading cryptocurrency exchanges – helps ICNT leverage strongly in the global market, while also reinforcing the project's credibility among investors and users.
The listing of the ICNT token on Binance is an important milestone, helping to expand community participation and facilitate the development of the decentralized cloud ecosystem.
Michael Lee, Head of Binance Futures, 6/7/2024
What are ICN's competitive advantages and development prospects in the Web3 market?
ICN provides a decentralized cloud solution that puts data ownership in the hands of users, differing from traditional centralized cloud platforms. The ability to combine Blockchain technology and Web3 helps ICN ensure transparency and effective data security.
Reputable investors all assess ICN as having high growth potential, as the trend of protecting personal data and the development of Web3 becomes increasingly strong. A valuation of nearly 400 million euros after the funding round shows that the market trusts the project's breakthrough in the coming years.
Frequently Asked Questions
What is Impossible Cloud Network? ICN is a Web3 platform providing decentralized cloud services that effectively protect personal data ownership, developed in Zug, Switzerland.
How much was the recent funding round of ICN worth? The funding round reached 28.8 million euros, raising the post-investment valuation to over 398 million euros.
Where is the ICNT token listed? The ICNT token has been listed on Binance Alpha and Binance Futures since July 2024.
Who is the main investor in this funding round? NGP Capital led the investment round, along with participation from 1kx, Protocol Labs, HV Capital, and No Limit Holdings.
What is ICN's advantage over traditional cloud platforms? ICN allows users to have control over their data through Blockchain technology, distinctly different from traditional centralized solutions and enhancing security.
Source: https://tintucbitcoin.com/impossible-cloud-network-goi-von-34-trieu-usd/
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