Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) announced that its subsidiary Hivello has integrated the Swarm network into its decentralized infrastructure platform.
Swarm, a decentralized data storage and content distribution protocol, is the tenth Decentralized Physical Infrastructure Network (DePIN) now supported by Hivello.
Designed to simplify access to Web3 opportunities, Hivello aggregates decentralized networks that enable users to monetize underutilized computing power such as storage, bandwidth, and GPU without requiring technical expertise or high-end hardware.
Swarm joins a growing list of DePINs available on Hivello, including Golem, Filecoin, Livepeer, and others.
With this addition, users can now contribute storage and bandwidth to Swarm and earn rewards directly through Hivello’s app.
“By integrating more DePIN networks into the Hivello platform, users are being offered more opportunities to allocate their computing resources towards, and in turn gaining greater freedom of choice to earn their preferred reward,” Blockmate Ventures CEO Justin Rosenberg said in a statement.
“Such democratization of resources increases the power of Hivello users who can change their allocations at any time to maximise their returns without any technical knowledge of blockchain or mining.”
Domenic Carosa, Hivello chairman and co-founder, added that DePIN is not just a trend but a new way for everyday users to earn a passive income stream.
“By making it simple to participate, we’re not just growing the DePIN ecosystem—we’re building an entirely new funnel to onboard Web2 users into Web3,” Carosa said.
Shares of Blockmate Ventures moved higher on the update, adding about 9.5% on Tuesday morning.