Hivello Secures Funding Round Led by Digital Entertainment, Blockchain and Gamification Leader Animoca Brands

Hivello is a DePIN aggregator that enables users to earn by monetising idle computer resources across multiple decentralised networks

Web3 decentralized physical infrastructure network (DePIN) aggregator Hivello has announced raising $3.5 million in a latest funding round, led by Animoca Brands.

The funding will be used by Hivello to further simplify access to decentralized physical infrastructure networks, enabling users to earn for monetising their idle computer resources across multiple decentralised networks, such as Filecoin, Storj and Arweave. It will also be used to drive adoption of the Hivello token ($HVLO) and the DePIN Network.

Speaking on the latest funding round, 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.”

The $HVLO token will be issued by the Swiss-based HVLO Association under license from Hivello Holdings. Applications for the Hivello DePIN Aggregator are now open for early access.

About Hivello

Founded in 2021 by Domenic Carosa and Justin Ho, Hivello is a Web3 company enabling users to earn for contributing to a decentralized network of physical infrastructure providers. The Hivello DePIN Aggregator enables users to earn Filecoin, Storj and Arweave tokens for providing decentralised storage. It also provides access to other decentralised networks, such as Golem, Render and Akash.

The Hivello DePIN Aggregator is currently in beta and will be launching early 2023. To apply for early access, visit the Hivello website.

Keep up to date with the latest from Hivello on Discord, LinkedIn and Medium.

About Animoca Brands

Animoca 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.

Animoca Brands’ portfolio of blockchain investments also includes C2X, Dapper Labs (NBA Top Shot), OpenSea, Harmony, Bitski, and Axie Infinity. For more information visit the Animoca Brands website and follow on Twitter or LinkedIn.

Attachment

Hivello announces $3.5 million funding round led by Animoca Brands