STOCK TITAN

Blockmate subsidiary, Hivello, launches its passive income application in public beta

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Blockmate Ventures announces that its investee, Hivello Holdings, has launched a public beta version of its passive income application. The Hivello Windows app, which was private beta launched in May 2024, has attracted nearly 30,000 users to its waitlist. The platform enables users to generate passive income by utilizing unused computing power for Web3 DePIN (Decentralized Physical Infrastructure Networks) mining. According to Messari, the DePIN sector is projected to reach $3.5 trillion by 2028. Blockmate holds approximately 50% stake in Hivello, positioning itself to benefit from the growing demand for decentralized infrastructure solutions.

Blockmate Ventures annuncia che il suo investito, Hivello Holdings, ha lanciato una versione beta pubblica della sua applicazione per il reddito passivo. L'applicazione Hivello per Windows, precedentemente lanciata in beta privata nel maggio 2024, ha attirato quasi 30.000 utenti nella sua lista d'attesa. La piattaforma consente agli utenti di generare reddito passivo utilizzando la potenza di calcolo inutilizzata per il mining di Web3 DePIN (Reti di Infrastruttura Fisica Decentralizzate). Secondo Messari, il settore DePIN è previsto raggiungere $3,5 trilioni entro il 2028. Blockmate detiene circa il 50% delle quote in Hivello, posizionandosi per beneficiare della crescente domanda di soluzioni infrastrutturali decentralizzate.

Blockmate Ventures anuncia que su empresa participada, Hivello Holdings, ha lanzado una versión beta pública de su aplicación de ingresos pasivos. La aplicación de Hivello para Windows, que se inició en beta privada en mayo de 2024, ha atraído casi 30,000 usuarios a su lista de espera. La plataforma permite a los usuarios generar ingresos pasivos utilizando la potencia de cálculo no utilizada para la minería de Web3 DePIN (Redes de Infraestructura Física Descentralizadas). Según Messari, se prevé que el sector DePIN alcance $3.5 billones para 2028. Blockmate posee aproximadamente el 50% de participación en Hivello, posicionándose para beneficiarse de la creciente demanda de soluciones de infraestructura descentralizadas.

Blockmate Ventures는 투자 회사 Hivello Holdings가 패시브 수익 애플리케이션의 공개 베타 버전을 출시했다고 발표했습니다. Hivello 윈도우 앱은 2024년 5월에 비공식 베타로 출시되었으며, 대기자 명단에 거의 30,000명의 사용자가 등록되었습니다. 이 플랫폼은 사용자가 Web3 DePIN(분산 물리적 인프라 네트워크) 채굴을 위해 사용하지 않는 컴퓨팅 파워를 활용하여 패시브 수익을 생성할 수 있게 합니다. Messari에 따르면 DePIN 분야는 2028년까지 3.5조 달러에 이를 것으로 예상됩니다. Blockmate는 Hivello의 약 50% 지분을 보유하고 있으며, 분산 인프라 솔루션에 대한 증가하는 수요로부터 이익을 얻을 수 있는 위치에 있습니다.

Blockmate Ventures annonce que sa société investie, Hivello Holdings, a lancé une version bêta publique de son application de revenus passifs. L'application Hivello pour Windows, qui a été lancée en bêta privée en mai 2024, a attiré près de 30 000 utilisateurs sur sa liste d'attente. La plateforme permet aux utilisateurs de générer des revenus passifs en utilisant une puissance de calcul inutilisée pour le minage Web3 DePIN (Réseaux d'Infrastructure Physique Décentralisée). Selon Messari, le secteur DePIN devrait atteindre 3,5 billions de dollars d'ici 2028. Blockmate détient environ 50 % des parts d'Hivello, se positionnant ainsi pour bénéficier de la demande croissante de solutions d'infrastructure décentralisées.

Blockmate Ventures gibt bekannt, dass sein Portfolio-Unternehmen Hivello Holdings eine öffentliche Beta-Version seiner passiven Einkommensanwendung gestartet hat. Die Hivello Windows-App, die im Mai 2024 in der privaten Beta gestartet wurde, hat fast 30.000 Benutzer auf ihre Warteliste gezogen. Die Plattform ermöglicht es Nutzern, passives Einkommen zu generieren, indem sie ungenutzte Rechenleistung für das Mining von Web3 DePIN (Dezentralisierte Physische Infrastruktur Netzwerke) nutzen. Laut Messari wird erwartet, dass der DePIN-Sektor bis 2028 3,5 Billionen USD erreicht. Blockmate hält etwa 50 % der Anteile an Hivello und positioniert sich damit, um von der wachsenden Nachfrage nach dezentralen Infrastruktur-Lösungen zu profitieren.

Positive
  • Strong user interest with 30,000 waitlist subscribers
  • Strategic positioning in DePIN sector projected to reach $3.5T by 2028
  • Blockmate owns ~50% stake in Hivello, providing significant exposure to DePIN market
Negative
  • None.

TORONTO , Nov. 19, 2024 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”) is pleased to announce that its investee, Hivello Holdings, has launched a public beta version of its passive income application at www.Hivello.com.

The Hivello Windows app was private beta launched in May 2024 and has generated significant interest with almost 30,000 users subscribing to the waitlist. The platform simplifies Web3 DePIN mining for novices that want to apply unused computing power to generate passive income and contribute to the growing global network of decentralised digital infrastructure.

The increasing prominence of Decentralized Physical Infrastructure Networks (DePIN) is further solidifying the opportunity for Hivello. DePIN enables the decentralized sharing of physical assets, offering an efficient, peer-to-peer alternative to traditional centralized systems. Messari projects this sector to reach $3.5 trillion by 2028 (https://www.forbes.com/councils/forbestechcouncil/2024/07/02/the-quiet-rise-of-depin-why-you-should-pay-attention-to-decentralized-physical-infrastructures-networks/).

Domenic Carosa, Chairman of Hivello and Blockmate Board Director, said, “As the DePIN sector continues to gain traction, Hivello’s team is focused on adding more revenue generating DePIN’s to the Hivello platform allowing us to grow as the demand for decentralized infrastructure rises.”

Justin Rosenberg, CEO of Blockmate, said, “With DePIN becoming a key focal point for venture capital investment and development, Blockmate’s circa 50%1 stake in Hivello represents a unique opportunity to gain exposure to a promising platform at the forefront of this transformation. As Hivello prepares for its next phase of growth, Blockmate Ventures stands to benefit from the increasing interest in decentralized infrastructure solutions, further reinforcing the value of its investment in Hivello.”

About Blockmate Ventures Inc.

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. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello and Sunified, digitising solar energy.

The leadership team at Blockmate Ventures have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: www.blockmate.com.

Blockmate welcomes investors to join the Company’s mailing list for the latest updates and industry research by subscribing at https://www.blockmate.com/subscribe.

About Hivello
Hivello, led by distinguished blockchain payment solution pioneers, is dedicated to transforming the accessibility of decentralized services globally. Users can start earning tokens in minutes, as simply as installing an app – no wallet, blockchain, or web3 experience necessary.

As a pioneer in the Decentralized Physical Infrastructure Networks (DePIN) sector, Hivello stands at the vanguard of democratizing access to decentralized infrastructure.
Download our free passive income app at www.hivello.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Justin Rosenberg, CEO
Blockmate Ventures Inc
justin@blockmate.com
(+1-888-218-6863)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Forward-Looking Information
This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

________________
1
This would be the resulting holding after all the SAFE Notes from the past and the completion of the current investment round are converted into Hivello shares.


FAQ

What is the waitlist size for Hivello's passive income app (MATEF)?

Hivello's passive income application has attracted almost 30,000 users to its waitlist since its private beta launch in May 2024.

What is the projected market size for DePIN by 2028 according to Messari?

According to Messari, the Decentralized Physical Infrastructure Networks (DePIN) sector is projected to reach $3.5 trillion by 2028.

What is Blockmate's ownership stake in Hivello (MATEF)?

Blockmate Ventures holds approximately 50% stake in Hivello Holdings.

BLOCKMATE VENTURES INC

OTC:MATEF

MATEF Rankings

MATEF Latest News

MATEF Stock Data

7.88M
90.64M
18.2%
Capital Markets
Financial Services
Link
United States of America
Vancouver