Hivello secures strategic investment, focusing on DePIN platform development

Hivello, as a platform focused on aggregating decentralized physical infrastructure networks (DePIN), recently announced that it has received a strategic investment from a global leading digital property and open metaverse company. This round of financing will be used to promote Hivello's innovative development and accelerate the simplification and popularization of DePIN technology.

The core goal of Hivello is to make the DePIN network easier to use by aggregating different DePIN protocols, helping users to utilize idle computing resources to earn yields across multiple Web3 protocols. The platform is dedicated to eliminating the technical barriers of decentralized networks, allowing more people to participate in the Web3 ecosystem without the need for specialized knowledge.

It is noteworthy that Hivello's Token Generation Event (TGE) will take place today, and it will simultaneously launch on two well-known trading platforms, marking a new stage in the development of the Hivello ecosystem. The $HVLO token will become the core of Hivello's decentralized economy, used for staking, rewards, and broader participation in the DePIN ecosystem.

The investor is a globally leading blockchain and gamification company that has invested in over 540 projects in the Web3 space, dedicated to advancing digital property rights and decentralized projects, and supporting the development of an open metaverse. This collaboration will allow Hivello to benefit from the investor's rich experience and innovative technology, accelerating its layout in the DePIN field, enabling more users to earn rewards through contributing computing resources.

The co-founder and executive chairman of the investors stated: "We are committed to building a fairer digital ecosystem that allows all users to enjoy the benefits of digital property rights. We are very pleased to support Hivello in making the DePIN platform more user-friendly and promoting the development of true digital ownership and an open metaverse."

Domenic Carosa, co-founder and chairman of Hivello, stated: "We warmly welcome this company as a strategic investor and lead investor in this round of financing. Their expertise and innovative experience in the digital field and blockchain industry will greatly support Hivello's development."

The $HVLO token will be issued by the Swiss HVLO Association and authorized by Hivello Holdings.

Hivello, as a DePIN aggregation platform, allows users to earn rewards by contributing idle computing resources across multiple decentralized networks. This innovative model is expected to play a significant role in the future Web3 ecosystem, providing users with more opportunities to engage with decentralized networks.