Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) is excited to announce that its investee, Hivello Holdings, has entered into a strategic partnership with IoTeX, a leading modular infrastructure platform for Decentralized Physical Infrastructure Networks (DePIN). This collaboration significantly boosts the global visibility and reach of Hivello’s innovative platform, further establishing its presence in the rapidly growing DePIN ecosystem.
Hivello, known for its DePIN aggregator platform, has formed a strategic collaboration with IoTeX to integrate IoTeX’s advanced DePIN technologies. This partnership allows Hivello users to dual-mine the DePIN projects they support on Hivello’s platform and IoTeX’s native token, $IOTX. With $IOTX boasting a market capitalization of over US$380 million, this integration presents a lucrative opportunity for users to maximize their earnings from Web3 mining activities.
By simplifying the concept of Web3 mining, Hivello enables users, even novices, to leverage their unused computing resources to generate passive income. As part of the partnership, IoTeX will provide the necessary APIs and SDKs for seamless integration of their DePIN technologies into Hivello’s platform. Additionally, Hivello will be featured on IoTeX’s DePINScan.io platform, increasing its exposure to a broader audience and potential users.
This collaboration aligns with Hivello’s mission to simplify Web3 mining and expand its user base. IoTeX, renowned for its robust, high-performance, and EVM-compatible blockchain, offers flexibility and scalability for various DePIN applications. The integration with IoTeX not only enhances Hivello’s technological capabilities but also positions it as a key player in the decentralized infrastructure landscape.
Domenic Carosa, Co-Founder and Chairman of Hivello, stated, “This collaboration signifies a significant step forward in our journey to create a vibrant and inclusive DePIN ecosystem. By joining forces with IoTeX, we are poised to drive greater adoption and empower users worldwide to participate in the decentralized economy.”
Echoing this sentiment, Raullen Chai, CEO of IoTeX, expressed, “We’re excited to work with the leading software DePIN aggregator Hivello on a variety of fronts. We plan to offer Hivello’s contributor base to the DePINs building on our chain, integrate Hivello into DePINScan, and explore the dual-mining of $IOTX and DePIN tokens from DePINs on Hivello, integrating these devices into our ecosystem as well.”
This strategic partnership builds on Hivello’s recent momentum, following its successful completion of an upsized US$2.5 million funding round in February 2024, which valued the company at $9 million. The launch of Hivello’s private beta application attracted over 20,000 signups, demonstrating strong market interest and potential for widespread adoption.
Blockmate Ventures, which holds a 67% stake in Hivello, sees this partnership as a crucial milestone in Hivello’s journey to revolutionize the DePIN space. The collaboration underscores Hivello’s commitment to fostering innovation and driving the adoption of decentralized infrastructure solutions on a global scale.
As Hivello and IoTeX navigate the burgeoning DePIN sector, this partnership promises to unlock new opportunities for both companies, enhancing their technological offerings and expanding their market reach. The integration of cutting-edge DePIN technologies and the dual-mining capabilities highlight the innovative spirit driving Hivello and IoTeX forward in their shared mission to advance the decentralized economy.
For more updates on Hivello and its partnership with IoTeX, stay tuned for further announcements and developments in this exciting space.
Source: OTCMarkets
