Hivello and Zulu partner to advance decentralized infrastructure and Bitcoin ecosystem
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 Inc (TSX.V: MATE) (OTCQB: MATEF) annuncia una partnership strategica tra la sua partecipata, Hivello Holdings, e Zulu, un innovatore nelle soluzioni Bitcoin Layer 2. Questa collaborazione ha l'obiettivo di aumentare l'esposizione di Hivello all'interno degli ecosistemi Bitcoin e di ampliare la sua portata verso potenziali utenti dell'app Hivello. Punti chiave:
- Hivello ottiene accesso alla struttura globale e al pubblico internazionale di Zulu Network
- Possibili integrazioni di Bitcoin e DePIN all'interno dell'ecosistema di Hivello
- Blockmate detiene una quota del 67% in Hivello Holdings
- Hivello ha recentemente completato un round di finanziamento di 2,5 milioni di dollari a una valutazione pre-money di 9 milioni di dollari
- La partnership mira a promuovere l'adozione di applicazioni decentralizzate e tecnologie DePIN
La collaborazione è prevista per portare vantaggi ad entrambe le aziende e contribuire alla crescita dell'ecosistema Web3.
Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) anuncia una asociación estratégica entre su inversión, Hivello Holdings, y Zulu, un innovador en soluciones de Bitcoin Layer 2. Esta colaboración tiene como objetivo aumentar la exposición de Hivello dentro de los ecosistemas de Bitcoin y mejorar su alcance hacia posibles usuarios de la aplicación Hivello. Puntos clave:
- Hivello accede a la estructura global y a la audiencia internacional de Zulu Network
- Posibles integraciones de Bitcoin y DePIN dentro del ecosistema de Hivello
- Blockmate posee una participación del 67% en Hivello Holdings
- Hivello completó recientemente una ronda de financiamiento de 2.5 millones de dólares a una valoración pre-money de 9 millones de dólares
- La asociación tiene como objetivo impulsar la adopción de aplicaciones descentralizadas y tecnologías DePIN
Se espera que la colaboración beneficie a ambas empresas y contribuya al crecimiento del ecosistema Web3.
Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF)는 자회사인 Hivello Holdings와 비트코인 레이어 2 솔루션 혁신업체인 Zulu 간의 전략적 파트너십을 발표했습니다. 이 협력은 Hivello의 비트코인 생태계 내 노출을 증가시키고 Hivello 앱의 잠재 사용자에 대한 도달 범위를 향상시키는 것을 목표로 합니다. 주요 포인트:
- Hivello는 Zulu Network의 글로벌 구조와 국제 청중에 접근합니다
- Hivello 생태계 내에서 비트코인 및 DePIN 통합 가능성
- Blockmate는 Hivello Holdings의 67% 지분을 소유합니다
- Hivello는 최근 250만 달러의 자금 조달을 완료했으며, 사전 평가 가치는 900만 달러입니다
- 파트너십의 목표는 분산 애플리케이션과 DePIN 기술의 채택을 촉진하는 것입니다
이 협력은 두 회사 모두에게 혜택을 주고, Web3 생태계의 성장에 기여할 것으로 예상됩니다.
Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) annonce un partenariat stratégique entre sa participation, Hivello Holdings, et Zulu, un innovateur des solutions Bitcoin Layer 2. Cette collaboration vise à accroître l'exposition de Hivello au sein des écosystèmes Bitcoin et à améliorer sa portée auprès des utilisateurs potentiels de l'application Hivello. Points clés:
- Hivello accède à la structure mondiale et au public international de Zulu Network
- Intégrations potentielles de Bitcoin et DePIN au sein de l'écosystème Hivello
- Blockmate détient une participation de 67 % dans Hivello Holdings
- Hivello a récemment complété une levée de fonds de 2,5 millions de dollars à une valorisation pré-money de 9 millions de dollars
- Le partenariat vise à promouvoir l'adoption d'applications décentralisées et de technologies DePIN
Il est prévu que cette collaboration profite aux deux entreprises et contribue à la croissance de l'écosystème Web3.
Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) kündigt eine strategische Partnerschaft zwischen seiner Beteiligung Hivello Holdings und Zulu, einem Innovator im Bereich Bitcoin Layer 2-Lösungen, an. Diese Zusammenarbeit zielt darauf ab, die Sichtbarkeit von Hivello innerhalb der Bitcoin-Ökosysteme zu erhöhen und die Reichweite potenzieller Nutzer der Hivello-App zu erweitern. Wichtige Punkte:
- Hivello erhält Zugang zur globalen Struktur und zum internationalen Publikum des Zulu Networks
- Potenzielle Integration von Bitcoin und DePIN innerhalb des Hivello-Ökosystems
- Blockmate hält eine 67%ige Beteiligung an Hivello Holdings
- Hivello hat kürzlich eine Finanzierungsrunde über 2,5 Millionen US-Dollar bei einer Pre-Money-Bewertung von 9 Millionen US-Dollar abgeschlossen
- Die Partnerschaft hat das Ziel, die Adoption dezentraler Anwendungen und DePIN-Technologien zu fördern
Es wird erwartet, dass die Zusammenarbeit beiden Unternehmen zugutekommt und zum Wachstum des Web3-Ökosystems beiträgt.
- Strategic partnership with Zulu Network expands Hivello's reach and potential user base
- Potential integration of Bitcoin and DePIN technologies in Hivello's ecosystem
- Blockmate owns a 67% stake in Hivello Holdings
- Hivello completed a US$2.5 million funding round at a $9 million pre-money valuation
- Partnership aims to drive adoption of decentralized applications and DePIN technologies
- Previously announced token launch will not be completed by Hivello Holdings , but by Swiss-based HVLO Association
TORONTO, Aug. 12, 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 Ltd has entered into a strategic partnership with Zulu, a Bitcoin Layer 2 solutions innovator, to increase Hivello’s exposure within Bitcoin ecosystems.
Partnering with Zulu brings Hivello the benefit of accessing Zulu Network’s global structure and international audience, significantly broadening Hivello’s reach to audiences who meet a profile of likely users of the Hivello app to generate passive income from their unused computing resources. Additionally, this collaboration will enhance Hivello’s footprint in the Bitcoin ecosystem, with potential integrations of Bitcoin and DePIN on the horizon as a cryptocurrency that could be generated or transacted within the Hivello ecosystem.
Justin Rosenberg, CEO of Blockmate Ventures, commented, "This partnership with Zulu opens the door for Hivello to be integrated with the rapidly growing Bitcoin ecosystem. Operating a network with 755k+ users, Zulu’s interest in partnering with Hivello, a leading DePIN aggregator, further validates the broad need for Hivello's application."
Blockmate owns a
Below is the press release from Hivello:
Hivello and Zulu Partner to Advance Decentralized Infrastructure and Bitcoin Ecosystem.
Hivello, a leading DePIN aggregator, and Zulu Network, a pioneer in Bitcoin Layer 2 solutions, are pleased to announce their strategic partnership aimed at accelerating growth and technological innovation. This collaboration brings together Hivello’s expertise in decentralized physical infrastructure and Zulu’s advanced blockchain technology, positioning both companies to enhance their impact in the Web3 ecosystem.
Both Zulu and Hivello share a vision for decentralization, with Hivello's focus on decentralized physical infrastructure (DePIN) complementing Zulu's blockchain innovations, particularly in the realms of EVM compatibility and Bitcoin security.
Through this partnership, Zulu Network plans to explore expanding into the DePIN space by leveraging Hivello’s platform and stack for future integrations. By doing so, Zulu will scale its offerings, attracting more DePIN projects and end-users, and solidifying its presence in the DePIN market.
For Hivello, partnering with Zulu brings the advantage of accessing Zulu Network’s global structure and international audience, significantly broadening Hivello’s reach. Additionally, this collaboration will enhance Hivello’s footprint in the Bitcoin ecosystem, with potential integrations of Bitcoin and DePIN on the horizon.
This strategic partnership is set to deliver substantial benefits to the broader crypto and Bitcoin ecosystems. By combining Zulu’s expertise in Bitcoin Layer 2 technology with Hivello’s advanced DePIN capabilities, the collaboration aims to foster greater transparency, accessibility, and interoperability in the blockchain space. Moreover, this partnership is expected to drive the adoption of decentralized applications (DApps) and DePin technologies, contributing to the overall growth and maturity of the Web3 ecosystem.
Zulu’s Co-Founder, Eric Lifson, added, “Partnering with Hivello enables us to expand our platform’s capabilities into the growing DePIN sector, providing our users with more opportunities to engage with decentralized infrastructure projects. ”
“Partnering with Zulu opens up new possibilities for Hivello users, giving them access to the Bitcoin ecosystem and expanding our reach within the blockchain space,” said Domeninc Carosa, Chairman & Co-founder at Hivello.
Hivello Holdings would like to clarify that the previously announced token launch will not be completed by Hivello Holdings Ltd. Instead, it will be carried out by the Swiss-based HVLO Association, for which Hivello Holdings serves as an advisor.
(ENDS)
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 (download the free passive income app at www.hivello.com) 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.
For more information about Hivello and to stay updated on its developments, visit www.hivello.com.
About Zulu
Zulu Network is a new class of Bitcoin Layer 2 to move the Bitcoin economy forward, empowering the Bitcoin ecosystem through exciting innovations. Zulu is the first Bitcoin Layer 2 to achieve Bitcoin-level security using BitVM2, enabling developers to seamlessly deploy dApps on both EVM & UTXO layers. Join their 755k+ users and start earning and shaping the future on Bitcoin with Zulu.
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.
FAQ
What is the partnership between Hivello and Zulu announced by Blockmate Ventures (MATEF)?
How does the Hivello-Zulu partnership benefit Blockmate Ventures (MATEF)?
What was Hivello's recent valuation and funding round as mentioned in the Blockmate Ventures (MATEF) announcement?
How does the Hivello-Zulu partnership impact the Bitcoin ecosystem, according to Blockmate Ventures (MATEF)?
