Impossible Cloud Network Launches Testnet to Drive Development of a Decentralized Cloud to Challenge AWS

[PRESS RELEASE – Zug, Switzerland, October 24th, 2024]

• 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.