BLOCKMATE VENTURES INC - MATEF STOCK NEWS

Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) announces a strategic partnership between its investee, Hivello Holdings , and Zulu, a Bitcoin Layer 2 solutions innovator. This collaboration aims to increase Hivello's exposure within Bitcoin ecosystems and enhance its reach to potential users of the Hivello app. Key points:

• Hivello gains access to Zulu Network's global structure and international audience
• Potential integrations of Bitcoin and DePIN within Hivello's ecosystem
• Blockmate owns a 67% stake in Hivello Holdings
• Hivello recently completed a US$2.5 million funding round at a $9 million pre-money valuation
• The partnership aims to drive adoption of decentralized applications and DePIN technologies

The collaboration is expected to benefit both companies and contribute to the growth of the Web3 ecosystem.

Blockmate Ventures announced that its investee, Hivello Holdings, has partnered with IoTeX, a DePIN modular infrastructure platform. This collaboration aims to boost the global visibility of Hivello by enabling users to dual-mine the Hivello-based DePIN and $IOTX. IoTeX, with a market cap exceeding $380 million, will list Hivello on its DePINScan.io platform, enhancing Hivello's reach. Blockmate, owning a 67% stake in Hivello, noted that Hivello completed a $2.5 million funding round in February 2024, valuing it at $9 million. The partnership seeks to simplify Web3 mining, encouraging passive income generation by using idle computing power and integrating IoTeX's technology into Hivello's platform.

Blockmate Ventures' investee, Hivello Holdings, has announced a token launch for its DePIN platform, scheduled for August 30, 2024. Supported by strategic partnerships with Luna PR, Winn.Solutions, and Forgd, the initiative aims to simplify Web3 mining for users and generate passive income through unused computing power. The Hivello Windows app, which launched in private beta in May 2024, attracted over 20,000 waitlist subscribers. In February 2024, Hivello completed a $2.5 million funding round, achieving a pre-money valuation of $9 million. Additionally, Hivello was recognized as a Top 20 startup at the Proof of Talk Conference in Paris.

Blockmate Ventures is excited to announce the private beta launch of the Hivello app at Consensus 2024 in Austin, Texas. Hivello, a Web3 mining application, has garnered significant attention with 19,600 users on its waitlist. The app simplifies Web3 mining for novices, enabling passive income through decentralized physical infrastructure networks (DePINs) like CPUs, GPUs, and data storage. Blockmate, holding a 67% stake in Hivello, recently completed a $2.5 million funding round, valuing the company at $9 million. The DePIN market is estimated to grow from $2.2 trillion to $3.5 trillion by 2028. The app aims to democratize access to decentralized infrastructure, offering an easy-to-use platform compatible even with lower-end hardware.

Blockmate Ventures Inc (MATEF) held an investor briefing to discuss plans for Hivello after closing a $2.5 million fundraising round. The presentation outlined the go-to-market strategy and business model for Hivello, a platform enabling users to generate passive income through access to decentralised physical infrastructure. The company also granted 2,520,000 restricted share units to certain directors and officers in lieu of cash remuneration.

Blockmate Ventures Inc. will be hosting an online briefing to provide investors with a progress update on Blockmate investee Hivello, which recently raised USD$2.5m. The funding was secured through a Simple Agreement for Future Equity (SAFE) instrument fundraising round, resulting in a post-money implied valuation of Blockmate’s 67% stake at USD $6.7 million (CAD $8.9 million) or 8.1 cents per Blockmate share. The webinar will feature a presentation by Blockmate CEO, Justin Rosenberg, and Blockmate Chairman/Hivello Co-Founder, Domenic Carosa, followed by a Q&A session. The briefing will take place on Monday, 5 February 2023, at 6.00pm (EST) / 3.00pm (PST).

Blockmate Ventures Inc announced that its investee, Hivello Holdings, secured an additional USD $1.5 million, bringing the total raised to $2.5 million. The extended funding round attracted prominent new investors, including Blockchange, Cypher Capital, and Primal Capital. The post-money implied valuation of Blockmate's 67% stake is USD $6.7 million or 8.1 cents per Blockmate share. The funding will enable Hivello to expand its technological capabilities and strengthen its market position as a leader in DePIN services.

Blockmate Ventures Inc (MATE) proudly announces the successful completion of a USD$1 million capital raise by its subsidiary, Hivello Holdings, with a pre-money valuation cap of USD$5 million. The post-money valuation of Blockmate's stake is estimated at USD$4 million (CAD 5.3 million). The raise attracted leading investors in the Decentralized Physical Infrastructure Networks (DePIN) sector, including NGC Ventures, Blockchain Founders Fund, Side Door Ventures, IDG, Bing Ventures, MEXC Exchange, XT.com Exchange, Genesis Block, and NxGen. Hivello aims to leverage underutilized computing power to create a DePIN network, providing internet users with a platform to generate passive income. The integration of up to 100 DePINs over the next 12 months is expected to mark a significant leap in the availability of decentralized services.

Blockmate Ventures Inc (MATE) completes divestiture of Midpoint to management team, reducing annual net cash outflows by approximately $500,000. The divestiture allows the company to focus on higher growth technology investments and capitalize on blockchain and climate technology sectors.