Animoca Brands Leads Hivello Funding Round Ahead of Token Listing

Blockmate Ventures (TSX.V: MATE) (OTCQB: MATEF) announced that Animoca Brands is leading an investment round in its subsidiary, Hivello Holdings

Animoca Brands, the company driving digital property rights to help build the open metaverse, is leading a current round of funding in Hivello, a DePIN aggregator that enables users to earn by monetising idle computer resources across multiple decentralised networks.

The funds will be used by Hivello to further innovate and achieve its objectives of simplifying DePIN nodes and making them more user-friendly. Hivello is a DePIN aggregator focused on making DePINs more accessible. By allowing users to contribute their computing resources, Hivello enables them to earn through various Web3 protocols. Its mission is to eliminate the complexities often associated with decentralized networks, empowering users to engage in Web3 projects without needing specialized technical knowledge.

In addition, Hivello’s Token Generation Event (TGE) is taking place on Gate.io and MEXC, marking a significant milestone in the company’s growth and ecosystem development. The $HVLO token will play a crucial role in powering Hivello’s decentralized economy, facilitating staking, rewards, and a broader participation in DePIN networks.

As part of this journey, Hivello and Animoca Brands will be hosting a live discussion to dive deeper into the company’s growth, investment landscape, and future roadmap.

Animoca Brands is a global leader in gamification and blockchain with a large portfolio of over 540 investments in Web3. Its mission is to advance digital property rights and decentralized projects to help build the open metaverse. The investment announced today connects Hivello with Animoca Brands’ extensive experience and innovation, furthering Hivello’s mission to simplify access to DePIN and enable users to earn rewards by contributing their computer resources.

Hivello is dedicated to making DePIN nodes accessible and user-friendly for everyone, breaking down complex barriers often associated with decentralized networks. Animoca Brands’ mission to deliver digital property rights to gamers and internet users worldwide aligns with Hivello’s goal of empowering users by enabling them to contribute to DePIN networks. Both companies focus on providing users with true ownership and control over their digital assets.

Yat Siu, the co-founder and executive chairman of Animoca Brands, said: "Animoca Brands is dedicated to building a more equitable digital framework that enables all users to benefit from the many advantages conferred by digital property rights. 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.’’

Domenic Carosa, co-founder and chairman of Hivello, said: "We welcome Animoca Brands as a strategic partner and lead investor in our latest funding round. Its expertise and innovation in the digital and blockchain space will be instrumental as we continue to simplify access to decentralized physical infrastructure networks.”

About Animoca BrandsAnimoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain and gamification. It develops and publishes a broad portfolio of products, including the REVV token and SAND token; original games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products using popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP and Formula E. The company has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, Lympo, and Grease Monkey Games.

About HivelloHivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to generate an extra source of income by mobilizing their idle computers. We aim to create a simple app that allows users to contribute their computer resources with no technical knowledge required. It's as easy as downloading, installing, and running nodes, making complex technologies accessible and beneficial to all.

For more information about Hivello and to stay updated on its developments, visit www.hivello.com

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, AI and renewable energy. 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.

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