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Hivello App Launched at Blockchain Consensus Trade Show — TradingView News
TORONTO, May 30, 2024 (GLOBE NEWSWIRE) — Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Agency”) is pleased to announce that its investee, Hivello Holdings, launched its passive income generation app in private beta at the Consensus 2024 conference in Austin, Texas.
The app has attracted considerable interest with 19,600 users signing up to the waiting list of the platform which simplifies Web3 mining for beginners who want to use unused computing power to generate passive income via blockchain channels.
Consensus is the world’s largest, longest-running and most influential gathering bringing together all aspects of the cryptocurrency, blockchain and Web3 community.
Blockmate owns a 67% stake in Hivello which successfully completed a $2.5 million funding round with its latest pre-money valuation of $9 million in February 2024.
Below is Hivello’s press release detailing the launch of the app:
DePIN mining aggregator ‘Hivello’ launches private beta application
With over 19,600 subscribers on the waitlist, this milestone marks a significant step towards creating a comprehensive, future-focused platform that increases awareness of DePINs and simplifies mining through a convenient and easy-to-use application.
- Hivello, a Web3 mining application, revealed its private beta application at the Consensus event
- During the registration period, which began six months ago, more than 19,600 waitlist requests were received, reflecting interest in line with Hivello’s mission to democratize access to decentralized infrastructure.
- The application will allow users to earn passively via DePINs such as GPU, CPU, data storage and more.
- The launch follows its recently announced boosted funding round, with the company raising $2.5 million from backers including Blockchange Ventures, MH Ventures and Blockchain Founders Fund.
(London, Netherlands, 30 May 2024) – Hivello, a decentralized physical infrastructure network (DePIN) aggregator for Web3 mining, today revealed its highly anticipated app at Consensus, following an enrollment period that began in December 2023. The private beta, currently available on Windows, will be published starting from a selected group of users chosen from the pool of 19,600 subscribers on the waiting list. This milestone marks a significant step towards creating a comprehensive, future-oriented platform that increases awareness of DePINs and simplifies mining through a convenient and easy-to-use application.
The launch follows its large funding round announced in January 2024, with the company raising $2.5 million through notable backers such as Blockchange Ventures, MH Ventures, and Blockchain Founders Fund.
According to HTX Research and Messari, the potential market size of the DePIN industry is estimated at $2.2 trillion, with growth forecast to reach $3.5 trillion by 2028. Recognizing this, Hivello is committed to making DePINs easily accessible worldwide, simplifying the concept of web3 mining for beginners. Users will be able to earn passive income by contributing their computing resources such as CPU, GPU, bandwidth and storage to earn tokens.
Hivello addresses the fragmented, expensive and complex sentiment surrounding DePINs, through a familiar, opt-in application that can onboard the masses to DePIN in three simple steps: download, install and earn. The platform’s intuitive design and features ensure simple navigation, with the application optimizing resources even on the slowest hardware.
Domenic Carosa, co-founder and president of Hivello, highlighted the launch as the next key step in Hivello’s long-term vision, saying: “We are incredibly excited to launch Hivello at the prestigious global event, Consensus, following our successful registration phase. We’re eager for users to test the private beta, which will be available to a select group of the 19,600 members on the waitlist. Our mission has always been to bring DePINs to the masses, and we believe that Hivello will not only remove barriers for those who are curious about DePINs, but will also help create its niche in the Web3 sphere. This launch brings us as a company and community closer to the advancement of DePIN mining, the expansion of the DePIN ecosystem, and the recognition that DePIN protocols deserve.”
The private beta launch at Consensus represents a pivotal moment for Hivello and the broader decentralized finance ecosystem by bringing Web3 technology to the masses.
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About Blockmate Ventures Inc.Blockmate Ventures is a venture capital creator focused on building fast-growing technology businesses related to cutting-edge sectors such as blockchain, climate and energy storage. By working with potential founders, incubating projects can benefit from the Blockmate ecosystem that offers technology, services, integrations and consultancy to accelerate project incubation towards monetization. Recent projects include Hivello (download our free passive income app at www.hivello.com) and Sunified, which digitizes solar energy.
Blockmate Ventures’ leadership team has successfully founded successful technology companies from the Dotcom era through the social media era. Learn more about being a Blockmate at: www.blockmate.com.
Blockmate invites investors to subscribe to the Company’s mailing list for the latest updates and industry research by subscribing at https://www.blockmate.com/subscribe.
About Hivello
Hivello, led by distinguished pioneers of blockchain payment solutions, is dedicated to transforming the accessibility of decentralized services globally. Users can start earning tokens in minutes, as easily as installing an app – no experience with wallets, blockchain or web3 required.
As a pioneer in Decentralized Physical Infrastructure Networks (DePIN), Hivello is at the forefront of democratizing access to decentralized infrastructure.
For more information about Hivello and to stay updated on its developments, visit www.hivello.com
Hivello media contact:
owais@lunapr.io
ON BEHALF OF THE BOARD OF DIRECTORS
Justin Rosenberg, CEO
Blockmate Ventures Inc
justin@blockmate.com
(+1-888-218-6863)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
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