The First Enterprise-Grade Cloud Based on Web3 Technology

Hamburg, Germany – April 17, 2023 – Impossible Cloud, the revolutionary cloud platform that offers decentralized, multi-service cloud solutions, today announced the general availability of its enterprise-grade, native cloud storage solution which delivers all the capabilities of traditional cloud storage along with the key benefits of decentralized web3 technology. These include increased speed, affordability and security, all at a 50%-to-75% cost savings compared to traditional cloud providers.

Importantly, Impossible Cloud’s services can be procured using fiat currencies, and does not require tokens or cryptocurrency -- eliminating a critical roadblock that has slowed B2B adoption of web3 technologies.

"Businesses of all sizes, including global corporations, have been largely ignored in the push to web3,” said Dr. Christian Kaul, Co-Founder of Impossible Cloud. “Our solution delivers all the benefits of web3, but without the technical complexity that has held back mainstream business adoption. This solution is designed to unlock theB2B potential of web3 and has never been more timely, as traditional cloud providers continue to raise pricing while underperforming in their delivery.”

Supporting almost unlimited capacity, Impossible Cloud’s Object Storage solution offers a scalable, cost-efficient alternative for organizations that require reliable and secure storage. The solution is designed especially for enterprises and SMBs that utilize centralized public cloud providers, such as AWS S3, as well as on-premises private clouds.

By tapping into under utilized capacity from top-tier data centers, Impossible Cloud enables off-site, disaster-resistant storage that is Kubernetes-friendly andS3-compatible. The platform ensures low latency, rapid uploads and downloads with millisecond throughput speeds, and is designed for 100% durability without any single point of failure -- guaranteeing 99.95% availability, which is higher than industry standard.

Impossible Cloud’s Object Storage has been developed for deployment within minutes with just a single line of code and it features 24/7 engineering support. The platform combines the intrinsic benefits of web3 security with industry-leading security protocols and best practices -- such as IAM, advanced file-versioning, encryption, and immutable buckets that protect data against accidental deletions and offer protection from ransomware and viruses.

Impossible Cloud operates out of enterprise-grade data centers that are fully compliant with standards such as ISO27000 and SOC 2 Type II, among others. It supports all S3 API standard retention modes for object lock, as well as a retention period that protects and allows users to control access for greater confidentiality, surveillance or compliance.

Impossible Cloud Storage is ideal for organizations that require performant and secure storage for big data, backups and archives. With a transparent and flexible pricing structure, there are no unexpected or hidden costs and customers can rapidly scale as their needs grow without exorbitant price increases.

Earlier this month, Impossible Cloud announced a €7 million seed round co-led byHV Capital and 1kx, and joined by Protocol Labs, TS Ventures, and very earlyVentures to accelerate the launch of its innovative platform.

###

About Impossible Cloud

Impossible Cloud is a revolutionary cloud platform that offers decentralized, multi-service cloud solutions. The platform is based on web3 technology and decentralized infrastructure, which allows it to be scalable, secure, and cost-effective.With just a single line of code, customers can access Impossible Cloud's Storage.

For more information, please visit: www.impossiblecloud.com.

Press Contact

Albert Heape

Bob Gold & Associates

310-320-2010

pr@impossiblecloud.com

‍