Hivello, a platform focused on DePIN (decentralized physical infrastructure network) aggregation that enables users to earn yield on idle computing resources across multiple decentralized networks, announced that Animoca Brands, a global leader in advancing digital property rights and building an open metaverse, is leading its latest funding round.
The financing will be used to promote Hivello's innovative development and accelerate the simplification and popularization of DePIN technology. Hivello's core goal is to make the DePIN network easier to use, by aggregating different DePIN protocols, helping users to use idle computing resources and earn income in multiple Web3 protocols. Hivello aims to eliminate the technical barriers to decentralized networks and allow more people to participate in the Web3 ecosystem without professional knowledge.
In addition, Hivello's Token Generation Event (TGE) will be held today and will be launched simultaneously on Gate.io and MEXC, marking a new stage in the development of the Hivello ecosystem. $HVLO Token will become the core of Hivello's decentralized economy and will be used for staking, rewards, and broader DePIN ecosystem participation.
To further explore the future of DePIN, Hivello and Animoca Brands will host a livestream on X Spaces on February 11 at 5pm (HKT) / 9am (UTC).
Animoca Brands is a leading global blockchain and gamification company that has invested in more than 540 projects in the Web3 field, committed to promoting digital property rights and decentralized projects, and helping the development of the open metaverse. This investment will enable Hivello to benefit from Animoca Brands' rich experience and innovative technology, accelerate its layout in the DePIN field, and allow more users to gain benefits by contributing computing resources.
Hivello focuses on making the DePIN network more accessible and barrier-free, removing technical barriers for users to enter the decentralized network. Animoca Brands' mission is to empower global users and promote the development of digital property rights. Both companies focus on providing true digital asset ownership and autonomy.
Yat Siu, Co-founder and Executive Chairman of Animoca Brands, said:
“Animoca Brands is committed to building a fairer digital ecosystem where all users can enjoy the benefits of digital property rights. We are very pleased to support Hivello to make the DePIN network more accessible and promote the development of true digital ownership and the open metaverse.”
Domenic Carosa, Co-founder and Chairman of Hivello, said:
“We are delighted to welcome Animoca Brands as a strategic investor and lead investor in this round. Animoca Brands’ expertise and innovation in the digital and blockchain industries will be a great addition to Hivello’s growth.”
$HVLO Token will be issued by the Swiss HVLO Association and authorized by Hivello Holdings.
About Hivello
Hivello is a DePIN aggregation platform where users can earn income on multiple decentralized networks by contributing idle computing resources.
About Animoca Brands
Animoca Brands is a global leader in digital entertainment, blockchain and gamification, winner of the Deloitte Tech Fast Award and listed in the Financial Times Asia Pacific High Growth Companies 2021 list. Its product portfolio includes REVV and SAND tokens, as well as several popular games and IPs, including The Sandbox, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP, Formula E, etc. Animoca Brands has multiple subsidiaries, such as The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, Lympo and Grease Monkey Games.
