Hivello receives strategic investment led by Animoca Brands, and the token will be listed soon

Hivello is a platform focused on the aggregation of DePIN (Decentralized Physical Infrastructure Network), enabling users to earn profits on multiple decentralized networks through idle computing resources. The platform announced that Animoca Brands, a global leader in promoting digital ownership and creating an open meta-universe, is leading its latest round of financing.

This financing will be used to promote the innovative development of Hivello and accelerate the simplification and popularization of DePIN technology. The core goal of Hivello is to make the DePIN network easier to use, and to aggregate different DePIN protocols, help users make profits from multiple Web3 protocols using idle computing resources. Hivello aims to remove the technical barriers to decentralized networks so that more people can participate in the Web3 ecosystem without professional knowledge.

In addition, Hivello's Token Generation Event (TGE) will be launched 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 be the core of Hivello’s decentralized economy for staking, rewards, and wider DePIN ecosystem participation.

To further explore the future of DePIN, Hivello and Animoca Brands will be broadcast live on X Spaces on February 11 at 5pm (HKT) / 9am (UTC).

Animoca Brands is a world-leading blockchain and gamification company. It has invested in more than 540 projects in the Web3 field, committed to promoting digital property rights and decentralization projects to help the development of the open metaverse. This investment will benefit Hivello from Animoca Brands' rich experience and innovative technologies, accelerate its layout in the DePIN field, and allow more users to benefit by contributing computing resources.

Hivello focuses on making DePIN networks easier to use and accessible, eliminating the technical barriers for users to enter decentralized networks. Animoca Brands’ mission is to empower global users and promote the development of digital property rights, and both companies focus on providing real ownership and autonomy of digital assets.

Yat Siu, co-founder and executive chairman of Animoca Brands, said:

“Animoca Brands is committed to building a more equitable digital ecosystem that allows all users to enjoy the benefits of digital ownership. We are very pleased to support Hivello, making the DePIN network easier to use and driving true digital ownership and the open meta-universe.”

Domenic Carosa, co-founder and chairman of Hivello, said:

“We very much welcome Animoca Brands to be a strategic investor and lead investor in this round of financing. Animoca Brands’ professional capabilities and innovative experience in the digital field and blockchain industry will greatly contribute to the development of Hivello.”

$HVLO Token will be issued by the Swiss HVLO Association (HVLO Association) and licensed by Hivello Holdings.

About Hivello

Hivello is a DePIN aggregation platform where users can earn money on multiple decentralized networks by contributing idle computing resources.

About Animoca Brands

Animoca Brands is a world-leading digital entertainment, blockchain and gamification company. It has won the Deloitte Tech Fast Award and was listed on the Financial Times Asia-Pacific High Growth Companies 2021 List. Its product portfolio covers REVV and SAND tokens, as well as multiple popular games and IPs, including The Sandbox, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP, Formula E, and more. Animoca Brands has several subsidiaries such as The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, Lympo and Grease Monkey Games.