Zug, Switzerland, October 24th, 2024,
Chainwire
- Leveraging Impossible Cloud’s web2 expertise with 1,000+
enterprise clients, Impossible Cloud Network (ICN) positions itself
as the leading DePIN project globally, with its testnet
facilitating the onboarding of network validators ahead of the node
sale
- ICN is aiming to address large-scale demand with its open
multi-service cloud platform
Today, Impossible Cloud Network (ICN), the first
web3-based cloud platform with mass adoption from business
customers, announced the launch of its incentivized testnet.
Blockchain developers, enthusiasts, and community members are
invited to participate and contribute to the future of
decentralized cloud networks. The testnet, serving as the entry
point for next year's mainnet release, provides a hands-on
environment for users to explore new features, contribute to
platform development, and receive recognition for their
participation.
The decentralized cloud platform represents a tremendous
opportunity. With Impossible Cloud GmbH as the first service
provider, which serves over 1,000 enterprise clients, ICN is
well-positioned to leverage its web2 expertise to deliver scalable,
multi-service solutions that enhance decentralization, offer more
flexibility than traditional systems, and provide a seamless fiat
on-ramp into web3. By integrating web3 capabilities, ICN eliminates
vendor lock-in and promotes a community-driven approach to managing
cloud infrastructure.
“Our testnet is designed to onboard a strong community that will
help us build the next cloud leader, with a focus on driving
enterprise adoption of web3,” said Kai Wawrzinek,
co-founder of ICN. "By working with real clients on real
projects and generating real revenue, we're laying the foundation
for something bigger - not tomorrow, but today. The mainnet is our
ultimate goal, and the testnet is a step toward realizing our
vision of becoming a decentralized alternative to AWS."
ICN’s testnet is designed to achieve two primary objectives:
first, to test and refine the platform for stability and
functionality such as continuous SLA validation; and second, to
deepen community engagement, ensuring that the platform is
optimized to meet real-world needs. The testnet simulates
real-world conditions and serves as a catalyst to onboard more
validators, ensuring a seamless transition to mainnet. It provides
participants with a risk-free environment to contribute to
performance and scalability improvements while receiving
recognition.
ICN will use a FairDrop mechanism, distributing points based on
genuine contributions like bug reports, feature testing, and
community engagement. The top 20,000 contributors will be eligible
for rewards from a pool of 10.5 million ICNT tokens, representing
1.5% of the initial total supply. As the testnet progresses, new
challenges and tasks will be introduced, offering ongoing
opportunities to participate, receive recognition, and influence
ICN’s development.
Backed by investors like 1kx, HV Capital, and Protocol Labs,
Impossible Cloud has raised a total of $18 million to date, with
its most recent round closing in March last year. The company’s
roadmap includes node sale to further decentralize the network
followed by ICN’s introduction of the native token to enable
decentralized governance.
For more details, visit ICN's website: https://www.icn.global/
About Impossible Cloud
Network
Impossible Cloud Network (ICN) is the first web3-based cloud
platform with mass adoption from business customers. Leveraging
web3 technologies, ICN delivers up to 10% faster performance than
other decentralized solutions, offering an enterprise-grade
alternative to traditional cloud providers. Founded by a team that
previously scaled Goodgame Studios into a billion-dollar
enterprise, ICN provides services such as cloud storage and GPU
computing by connecting hardware providers, service users, and
monitoring nodes. By leveraging service-level agreement (SLA)
oracles, ICN ensures high performance and reliability. Impossible
Cloud has raised $18 million from 1kx, Protocol Labs, HV Capital,
TS Ventures, and Very Early Ventures.
Contact
PR Associate
Anouk
Morin
Serotonin
anouk@serotonin.co