PANews reported on July 4 that according to EU-Startups, Impossible Cloud Network (ICN), a data sovereignty Web3 cloud platform headquartered in Zug, Switzerland, has completed a financing of 28.8 million euros (about 33.91 million US dollars), bringing its post-investment valuation to more than 398 million euros. This oversubscribed financing combines new capital and previously undisclosed investments, including early investments from 1kx, Protocol Labs, No Limit Holdings and HV Capital. The latest round of strategic financing was led by NGP Capital. ICN's native token $ICNT is also officially launched.

Earlier news revealed that Binance Alpha and Binance Futures will list Impossible Cloud Network (ICNT).