Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) announced that its subsidiary Hivello, a DePIN aggregator that enables users to monetize idle computing resources, has secured strategic investment led by Animoca Brands ahead of the launch of its token.
Animoca Brands is a blockchain and gamification company with a portfolio of over 540 Web3 investments
Also participating in the investment round are Taisu Ventures, NGC, Blockchange and Contango.
Hivello’s associated token HVLO, will be listed on Gate.io and MEXC this week.
Blockmate Ventures will not be directly issuing any tokens or receiving any proceeds from the token listing. The token will be issued by the Swiss-based HVLO Association under a licensing agreement with Hivello Holdings Ltd.
Domenic Carosa, Hivello co-founder and chairman, welcomed Animoca Brands as a strategic partner.
“Its expertise and innovation in the digital and blockchain space will be instrumental as we continue to simplify access to decentralized physical infrastructure networks,” Carosa said.
Animoca Brands co-founder Yat Siu added: “We are thrilled to support Hivello’s efforts to make DePIN nodes more accessible and user-friendly, helping to advance and simplify true digital ownership, network effects, and the open metaverse.’’
To discuss its future plans, Hivello and Animoca Brands will host a live X Space event on February 11 at 4 am Eastern Time. The event can be found here.