ICON Foundation

ICON Foundation

Creating a blockchain ecosystem that has already begun to hyperconnect the world.

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Financials

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Revenues, earnings & profits over time
USD201820192020202120222023
Revenues000000000000000000000000
% growth----(41 %)-
EBITDA000000000000000000000000
Profit000000000000000000000000
EV000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget000000000000000000000000

Source: Dealroom estimates

More about ICON Foundation
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ICON Foundation is a non-profit organization dedicated to developing open-source infrastructure that connects various blockchains, fostering seamless interoperability. The foundation supports a decentralized network of partners who contribute to the growth and security of the ICON Network and its broader ecosystem. ICON operates in the blockchain and cryptocurrency market, primarily serving developers, blockchain projects, and decentralized finance (DeFi) platforms. The business model revolves around providing grants and funding opportunities to contributors who publish their progress and developments in an open repository. ICON makes money through partnerships, ecosystem growth, and incentivizing liquidity within its network. The foundation is committed to transparency, regularly communicating development progress and challenges. Key initiatives include the Blockchain Transmission Protocol (BTP) for cross-chain communication and Balanced, a cross-chain decentralized exchange (DEX) that allows users to swap assets and borrow against tokens. ICON's efforts aim to expand blockchain connections and enhance integrated chain functionalities.

Keywords: blockchain, interoperability, open-source, decentralized, grants, cross-chain, DeFi, liquidity, transparency, ecosystem.

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