Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) highlighted that 67%-owned investee company Hivello Holdings is launching a native token for its platform with the support of three new commercial partners.
Hivello has developed a decentralized physical infrastructure networks (DePIN) platform designed to allow consumers with no technical knowledge to generate passive income from sharing their computer resources for web3 mining projects.
The token launch is scheduled for August 30, just over three months since the Hivello app was private beta launched and has drummed up more than 20,000 users on the waitlist.
Hivello said it had partnered with Luna PR agency, recognized for its expertise in Web3 and emerging technologies; Winn.Solutions, a technical growth agency; and blockchain performance agency Forgd to assist with the promotion and the launch.
The investee said Luna PR's experience within the Web3 space would help it reach "a broader audience across both seasoned crypto enthusiasts and newcomers who can seamlessly participate in the decentralized economy", while Winn, which operates on a referral-only basis, is expected to help with launch strategy alongside FORGD, who will provide the tools and protocol performance pre and post-TGE.
Hivello, which raised US$2.5 million at a pre-money valuation of $9 million in February, also was named in the top 20 startups at the Proof of Talk Conference in Paris this week.
The conference assessor shared: “The solution is innovative in its approach to aggregating multiple DePIN nodes into a single, user-friendly console. This level of integration and simplification is not commonly seen in the current market."