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Introduction
In an era where digital innovation is paramount, Hivello emerges as a beacon of progress in the Decentralized Physical Infrastructure Networks (DePIN) domain. They recently announced the successful closing of an upsized funding round of a remarkable $2.5 million, raising $1.5m over the last four weeks alone! Hivello is already making waves and aims to redefine the landscape of decentralized services. We can’t wait for you to meet them.
Hivello is transforming the Web3 sphere by streamlining access to decentralized physical infrastructure networks (DePIN), enabling anyone to easily start mining Web3 tokens. Aiming to redefine the Web3 space by making mining accessible to the average user, eliminating the need for specialized technical knowledge.
This process involves a simple three-step setup: downloading and installing Hivello's app on compatible devices, and then beginning to earn tokens from various Web3 protocols, all without the necessity for prior blockchain or Web3 experience. This approach is designed to be inclusive, breaking down barriers to entry in the Web3 space.
Hivello's mission transcends technological advancement, aiming to democratize access to the vast potentials of decentralized infrastructure. Their vision has already garnered unwavering support from a consortium of visionary investors, including stalwarts like Blockchange (USA) and Cypher Capital, alongside other strategic partners such as of course ourselves at MH Ventures. Their collective endorsement, from heavyweights in the space, underscores a shared commitment to a decentralized future.
After rapidly closing their first funding round back in December Hivello had to expand the funding round, reflecting a growing investor appetite for accessible and secure decentralized platforms.
Domenic Carosa, Chairman and Co-Founder of Hivello, commented on the expanded round: "The incredible surge in demand we've seen from investors confirms the pressing need for accessible decentralized infrastructure. The decision to upsize our round allows us to accelerate our mission and bolster our platform ahead of schedule. We are honored by the commitment shown by both new and returning investors who share our vision for the future of DePIN."
Hivello's approach to leveraging underutilized digital assets, such as idle computing power in everyday devices, marks a significant leap towards a more inclusive digital economy.
Ken Seiff, of Blockchange Ventures, had this to say on Hivello's innovative model:
"The internet helped us optimize our cars and our homes - but much more can be done. The blockchain is ideally suited to utilize the massive number of computers across the globe. Working together, these machines can rival the largest cloud providers, allowing owners to monetize without any of the capital expenditure. We are excited to back the great founders of Hivello, which is helping owners generate and optimize revenue by redirecting computation and other digital resources to its highest and best use case."
Armed with additional resources, Hivello is poised for rapid technological evolution, aiming to expedite product development and solidify its leadership in the DePIN sector. The community awaits with bated breath as Hivello prepares to unveil groundbreaking solutions that promise to revolutionize the way we perceive and interact with decentralized networks.
The overwhelming support from the investment community, underscored by Tobias Bauer of the Blockchain Founders Fund, highlights the collective belief in Hivello's team and its pioneering mission.
"Hivello more than doubling their round in only 4 weeks is a testament to the strength of their team and mission - it's great to see other big-name investors backing this innovative company,"
For those intrigued by the prospects of a decentralized DePIN future and Hivello's role in shaping it, discover more details and sign up to their waitlist at www.hivello.com.
Join us as we venture into uncharted territories, led by Hivello's vision of accessible, secure, and decentralized digital worlds.
