• Blockmate Ventures (MATE) 100 per cent owned subsidiary, Hivello, has beta launched Web3, an innovative application
  • The application enables an addressable market of more than 100 million internet users to earn up to US$20 per month in passive income
  • The company has planned a full commercial launch at Bitcoin Miami, the world’s largest cryptocurrency conference in May 2023
  • Blockmate Ventures is a Web3 incubator/venture creator
  • Blockmate Ventures Inc. (TSX.V: MATE) is down 14.29 per cent, trading at C$0.03 per share at 3:58 pm ET

Blockmate Ventures (MATE) 100 per cent owned subsidiary, Hivello, has beta launched Web3, an innovative application.

The application enables an addressable market of more than 100 million internet users to earn up to US$20 per month in passive income. They can earn this by simply contributing their idle computing resources.

About Hivello

Hivello is an application that users can download on their phone or computer. With one-click, it will instantly run automated Web3 software in the background that pays passive income in their local currency on a monthly basis.

Justin Rosenberg, CEO of Blockmate Ventures, commented on the announcement.

“Hivello is an innovative passive income generator which has the potential to gather global momentum very quickly. The opportunity for internet users to generate $20 a month from their unique IP address, in minutes, without any technical expertise is revolutionary. Hivello is the bridge between the millions of target users and the growing number of Web3 protocols. It is well placed to reach for the millions in recurring, high margin revenue targeted by its founders.”

Hivello users contribute resources such as hard disk space, bandwidth, or computer processing power to decentralized Web3 projects like Mysterium or Sia, while earning passive income. The application seamlessly acts as an orchestrator, arranging and optimizing the user’s resources for maximum efficiency and reward, while contributing to the growth of the decentralized ecosystem.

Andrew Smith, CEO of Hivello, also commented on the news.

“The launch of Hivello is a game changer for Web3 infrastructure. It empowers a broad range of users to participate in the decentralized ecosystem. We estimate that an old laptop from 2015 can generate $20 a month worth of tokens. More tech-savvy users might utilize a $40 Raspberry Pi to do the same for a quick return on investment.”

Hivello is currently invite-only for the beta launch. The company has planned a full commercial launch at Bitcoin Miami, the world’s largest cryptocurrency conference in May 2023. It will include a global marketing drive to draw attention to the opportunity for users to generate passive income through Hivello from their existing computers.

About Blockmate Ventures

Blockmate Ventures is a Web3 incubator/venture creator. It focuses on businesses that utilize blockchain technology and decentralization to provide greater utility, accessibility and sustainability around everyday services.

Blockmate ecosystem offers tech, services, integrations, digital assets, and advisory to accelerate the incubation of projects towards monetization.

Blockmate Ventures Inc. (TSX.V: MATE) is down 14.29 per cent, trading at C$0.03 per share at 3:58 pm ET.

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