Renowned tech VC backs Web3 project at $470m valuation

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

CLOUD-7.04%

UNI-2.934%

HNT+3.1599998%

Source: Coinmarketcap

Updated: May 22 2025

Investment Announcement: Impossible Cloud Network (ICN) has secured investment from NGP Capital, valuing the company at $470 million and highlighting the growing demand for decentralized cloud solutions that offer cost savings and data sovereignty compared to traditional providers like AWS.
Future Prospects: ICN is preparing to launch its native token $ICNT, which will enhance ecosystem growth and governance, while positioning itself as a competitive alternative to major tech giants in the cloud services market.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Renowned tech VC backs Web3 project at $470m valuation

About the author

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