ICN: Xiaomi's backers bet on Web3 full stack cloud, where is the strong valuation of 470M? At the end of May, ICN (Impossible Cloud Network) @ ICN_Protocol announced that it had received strategic investment from NGP Capital, with a valuation of $470 million. Many people's first reaction was: "Xiaomi has invested in Web3? ”Although this is not a direct move by Lei Jun, it was made by NGP Capital, the hardcore fund that had previously invested in Xiaomi, Helium, and WorkFusion. This means that ICN is not a storytelling project, but a real infrastructure player favored by traditional hardcore capital. What is ICN? Why is it favored by long-term oriented institutions? ICN is positioned as a full stack of decentralized cloud, dedicated to building the infrastructure layer of decentralized Internet, a unlicensed and composable cloud platform integrating storage, computing and network. It not only provides Web2 level performance and experience, but also has Web3's anti censorship and community driven features, challenging the monopoly of centralized giants such as AWS and Google Cloud. ➡️ This is not an abstract vision, but a project that has already been implemented in the European market: -Revenue Strength: In 2024, ICN has achieved an annual revenue of $5 million, serving over 1000 enterprise clients with a growth rate of over 2000%. Reserve orders exceeding 250PB, real-time running storage of 50PB, daily processing of 20-50 million files, verified by real market. -Leading position in Europe: As the fastest-growing cloud service provider in Europe, ICN was founded by serial entrepreneurs, with founder Kai Wawrzinek having experience listing Goodgame Studios on NASDAQ. The team has raised $31 million in funding (1kx, Protocol Labs, etc.). -Community and Nodes: With over 250000 community members and 220000+test network users, its HyperNode+SLA Oracle model incentivizes participation through high rewards and low rewards (18.4% released in the first month), resulting in node sales revenue exceeding $12 million. -Future plan: The mainnet and ICNT tokens are expected to be launched in Q2 2025, with confirmed support from multiple centralized exchanges. The brand is active in global activities such as PBW and Token2049. Unique highlight: ICN is known as the "AWS of Web3" not only due to its full stack architecture, but also because it achieved commercial results before issuing coins. Compared to the closed system of Web2 giants, ICN provides an alternative solution that is resistant to censorship and has low entry barriers; Compared to other DePIN projects, ICN's multi business integration and B2B verification are more competitive. ➤ Comparison and Economic Model between ICN and Other DePIN Projects Compared to "point projects" that only focus on a certain resource (such as Filecoin limited to storage and Akash/IO.net focused on computing power), ICN has chosen a more difficult but high-value path - to create a unified architecture and modular composable "decentralized AWS": In addition, the HyperNode+SLA Oracle dual layer structure proposed by ICN has also refreshed the node mode, encouraging communities to participate in platform construction through "contributing resources to obtain profits", opening up channels for future B2C expansion. Economic Model: The total supply of ICNT is 700 million pieces (700000000), expected to be gradually released within 60 months (5 years). Node rewards, ecological development, and team allocation are all released in a decreasing or linear manner to avoid excessive short-term selling pressure, and the team and investors have not unlocked in the first 12 months, reflecting long-term commitment. ➤ Outlook for the Next Stage of DePIN Track The DePIN track is moving from a single function (such as storage and computing power) to a full stack infrastructure. ICN has seized this trend, especially when AI and data services demand higher computing power and architecture. Decentralized cloud has become the "water, electricity, and coal" of Web3 due to its high cost, flexibility, and controllability, and is an indispensable infrastructure. The potential of ICN: 🔸 Full stack vision: The integrated design of storage, computing power, and network makes ICN a "one-stop" solution for developers and enterprises, which may support decentralized AI, social, and other scenarios in the future. 🔸 Community driven: Through node dividends and ICNT tokens, ICN drives B2C growth, similar to the bottom-up model of Bitcoin miner communities. 🔸 Challenge Web2 giants: ICN's ultimate goal is to compete with AWS and Alibaba Cloud, providing enterprise level services in a decentralized manner to avoid censorship and lock in risks. Conclusion: The cloud of Web3 should not be defined by the Web2 giants ICN is driving a less noisy 'infrastructure revolution'. It's not about improving a specific functional module, but about rebuilding the entire underlying technology. It makes people rethink whether a decentralized world should also have its own AWS? We have all witnessed Xiaomi's investment story, and today its investors are investing in a new future in Web3. ⏰ The TGE project is approaching, and some current perspectives on participation are for reference: the previous Galxe Galaxy mission has ended, and we can focus on the HyperNode plan and participate in the construction of low threshold nodes; Or participate in social media posts with mouth slapping. Log in to the official website:/world.icn.global. After selecting the country, link the wallet and Twitter. Try to use the old wallet link as it involves the anti witch Github score test. Remember to mark ICNTWorldDomination when posting Those interested can follow the official Twitter account @ ICN_Protocol or the Chinese Twitter account @ ICN_China to learn more about the latest developments in Q2 mainnet and tokens.