- Making Web3 Mining Easy for Everyone to Use
Hivello, a prominent Web3 mining aggregator for Decentralized Physical Infrastructure Networks (DePINs), has declared that its much awaited app will launch at Consensus 2024.
This comes after a six-month signup process that attracted a lot of interest and saw 19,600 customers sign up for the queue starting in December 2023.
A limited number of individuals selected from the queue will have access to the private beta, which is presently available on Windows. Hivello’s goal is to provide a user-friendly program that will increase accessibility to DePINs and simplify mining. This launch is a significant step toward that goal.
The Hivello app launch follows an expanded investment round that was revealed in January 2024 and saw the firm raise $2.5 million.
Blockchange Ventures, MH Ventures, and Blockchain Founders Fund were among the round’s principal backers. The large investment demonstrates the industry’s faith in Hivello’s potential in the quickly expanding DePIN market.
Research from Messari and HTX Research indicates that by 2028, the DePIN market is expected to increase from $2.2 trillion to $3.5 trillion.
In order to take advantage of this trend, Hivello intends to make Web3 mining more approachable for beginners. This will allow users to generate passive income by allowing them to contribute their computer resources, such as CPU, GPU, bandwidth, and storage, in exchange for tokens.
Hivello is an opt-in, simple-to-use program that solves the high prices and complexity of DePINs. Users may get started with the app in three easy steps: download, install, and earn.
Even users with slower hardware can utilize the platform and get benefits from it thanks to its user-friendly interface and effective resource efficiency.
Co-founder and chairman of Hivello Domenic Carosa emphasized the significance of this launch, citing it as a turning point in the company’s goal to democratize access to DePINs.
He spoke with excitement about the impending private beta testing phase by a small group of people from the long queue, as well as about revealing Hivello at the prominent worldwide event Consensus.
Carosa highlighted that Hivello wants to advance DePIN mining, carve out a space in the Web3 ecosystem, and lower obstacles for people who are interested in learning more about DePINs.
A major turning point has been reached for both Hivello and the larger decentralized financial ecosystem with the introduction of the private beta at Consensus.
Hivello is playing a vital role in democratizing decentralized banking by increasing accessibility to Web3 technologies. 19,600 users have already signed up for the waitlist, indicating the app’s high level of demand. This is in line with Hivello’s goal of democratizing access to decentralized infrastructure.
Hivello’s 67% owner, Blockmate Ventures Inc., declared support for the launch. The company’s most recent pre-money valuation of $9 million in February 2024 and the successful execution of a $2.5 million funding round demonstrate the growing confidence of investors in Hivello’s business plan and market potential.
Hivello is dedicated to growing the DePIN ecosystem and improving user experience even as it develops its platform. With the help of blockchain technology, the startup hopes to make Web3 mining more approachable and accessible to a wider audience while also offering customers the chance to earn passive money.
The private beta’s debut at Consensus 2024 is evidence of Hivello’s commitment to developing the DePIN industry and encouraging community involvement. Hivello is well-positioned to become a major force in the decentralized infrastructure market by emphasizing user-friendly solutions and strong security measures. This will spur development and innovation in the Web3 mining industry.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
