Hivello Secures Strategic Investment Led by Animoca Brands Ahead of Token Listing

Hivello will use the funds to further innovate and achieve its objectives of simplifying DePIN nodes and making them more user-friendly.

Blockmate (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) is a venture creator that builds fast-growing technology businesses in high-growth sectors. Recently, the company announced a strategic investment from Animoca Brands, led by a Token Generation Event (TGE) on Gate.io and MEXC.

Here's a closer look at the key highlights and what they mean for Blockmate and the Web3 ecosystem.

Animoca Brands leads a $7.5 million Series A investment in Blockmate, valuing the company at $43.5 million post-money. This investment will be used to further develop Hivello's Web3 technology, expand the team, and drive user acquisition.

Blockmate is a venture creator that builds fast-growing technology businesses in high-growth sectors. The company's portfolio includes Hivello, an aggregator of decentralized physical infrastructure (DePIN) projects.

Blockmate is also announcing Hivello's TGE, which will be taking place on Gate.io and MEXC. The token will be used to power Hivello's decentralized economy, enabling staking, rewards, and 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.

This news is significant for several reasons. First, it highlights the growing interest from major Web3 companies in Blockmate and its portfolio of projects. Animoca Brands is one of the leading Web3 companies globally, with a portfolio of over 340 investments. This investment will help Blockmate to further scale its operations and expand its reach in the Web3 ecosystem.

Second, Hivello's TGE is an important milestone for the company and the DePIN sector. The token will be used to power Hivello's decentralized economy, enabling staking, rewards, and broader participation in DePIN networks. This will help to drive the growth and adoption of DePIN technology.

Finally, the event will be an opportunity for the community to learn more about Hivello, Blockmate, and the future of Web3. Attendees will be able to hear from the company's leadership team, ask questions, and get the latest updates on Hivello's growth and upcoming initiatives.

To stay up to date on the latest from Blockmate, be sure to follow the company on social media and subscribe to the Blockmate newsletter.