According to Crypto Rover, ICN Protocol has successfully closed a funding round at a $470 million valuation, an impressive figure for a Web3 infrastructure protocol (source: @rovercrc on Twitter, May 22, 2025). The key highlight for traders is NGP Capital joining as a new investor, with NGP funded entirely by Nokia. This strategic partnership links ICN Protocol to Nokia’s Bell Labs, which boasts over 16,000 researchers. Such institutional backing signals growing confidence in Web3 infrastructure and could drive increased liquidity and investor interest in related crypto assets. Market participants should monitor ICN Protocol and Web3 infrastructure tokens for potential bullish momentum following this high-profile investment.