Blockmate Ventures Chairman Domenic Carosa announced an exciting collaboration between their portfolio company Hivello and XYO, the world’s largest Decentralized Physical Infrastructure Network (DePIN). This partnership aims to extend the reach of the Hivello app while creating new passive income opportunities for XYO network users.
XYO, with its 8 million nodes operating across more than 150 countries, allows users of its COIN app to earn passive income by contributing geographical data, with users spending an average of 3 hours per day on the platform. Similarly, the Hivello desktop app, which entered public beta on November 19, 2024, provides users with a simple way to monetize unused computing power.
Carosa also told Proactive that by integrating Hivello’s desktop interface with XYO’s mobile-enabled ecosystem, the partnership enables users to maximize earning potential by tapping into decentralized income streams. This synergy lowers technical barriers, enhances user access to passive revenue, and leverages idle resources like computing power and geographical data for financial benefits.
This collaboration underscores Blockmate Ventures' commitment to fostering innovative platforms that empower users to participate in decentralized economies and earn from unused resources.