Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) investee Hivello has announced a strategic partnership with IoTeX which will bring together Hivello’s DePIN aggregator platform with IoTeX’s ecosystem of DePIN projects.
Hivello’s platform allows users to earn passive income by utilizing their computer’s resources to earn tokens.
Through the integration with IoTeX, Hivello users will able to dual-mine the Hivello-based DePIN they are contributing to and $IOTX.
Hivello will also be listed on IoTeX’s DePINScan.io platform, which Blockmate Ventures said will provide enhanced visibility to a valuable audience of potential users of the Hivello platform.
“This collaboration signifies a significant step forward in our journey to create a vibrant and inclusive DePIN ecosystem,” Hivello co-founder and chairman Domenic Carosa said in a statement.
“By joining forces with IoTeX, we are poised to drive greater adoption and empower users worldwide to participate in the decentralized economy.”
Raullen Chai, IoTeX CEO, added: “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.”
Blockmate Ventures is a venture creator focussing on building fast-growing technology businesses relating to cutting-edge sectors such as blockchain, climate and energy storage.
It owns a 67% stake in Hivello which completed an upsized US$2.5 million funding round with its latest pre-money valuation of $9 million in February 2024.