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COINTURK FINANCE > Business > Hivello Secures Investment from Animoca Brands to Expand Decentralised Network Access
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Hivello Secures Investment from Animoca Brands to Expand Decentralised Network Access

Overview

  • Hivello secures investment from Animoca Brands to expand decentralised network access.

  • The funding will support DePIN node development and improve accessibility for users.

  • Hivello’s $HVLO token is live for staking and participation in DePIN networks.

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COINTURK FINANCE 1 year ago
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Hivello, based in Amsterdam, has announced that Animoca Brands is leading its latest funding round. The company focuses on aggregating decentralised physical infrastructure networks (DePIN) to enable users to monetise idle computing resources. This investment highlights the growing interest in decentralised networks and their potential in Web3 ecosystems. Hivello aims to make it easier for individuals to participate in these networks, even without technical expertise. The funding will be used to enhance DePIN node solutions and further simplify access to decentralised networks.

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Contents
How will the investment be used?What role does Animoca Brands play?

Previously, Hivello has been developing solutions to expand decentralised network participation, and this investment builds upon its earlier initiatives. Animoca Brands has been actively involved in Web3 and blockchain projects, with over 540 investments in the sector. This collaboration reinforces both companies’ commitment to decentralisation and digital property rights. Compared to earlier funding rounds, this investment signals a stronger push toward accessibility and adoption in decentralised infrastructure.

How will the investment be used?

Hivello plans to utilise the funding to advance its DePIN node solutions and remove technical barriers, allowing a broader audience to engage in decentralised networks. The company’s platform aggregates multiple decentralised computing projects, ensuring that users can contribute resources and earn rewards without complex setups. This strategy seeks to make participation in Web3 projects more accessible, bridging the gap between technical and non-technical users.

Co-founder and chairman of Hivello, Domenic Carosa, stated,

“We welcome Animoca Brands as a strategic partner and lead investor in our latest funding round. Its expertise and innovation in the digital and blockchain space will be instrumental as we continue to simplify access to decentralised physical infrastructure networks.”

The investment is expected to accelerate the adoption of Hivello’s services, making DePIN nodes simpler and more user-friendly.

What role does Animoca Brands play?

Animoca Brands, known for its involvement in digital property rights and blockchain-based projects, has been expanding its portfolio across Web3 and decentralised initiatives. The company’s support for Hivello aligns with its broader mission of promoting equitable access to digital assets and decentralised technologies.

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

“Animoca Brands is dedicated to building a more equitable digital framework that enables all users to benefit from the many advantages conferred by digital property rights. We are thrilled to support Hivello’s efforts to make DePIN nodes more accessible and user-friendly, helping to advance and simplify true digital ownership, network effects, and the open metaverse.”

The partnership is expected to enhance the usability of decentralised computing, encouraging more people to participate in the growing Web3 economy.

Hivello’s Token Generation Event (TGE) is live on Gate.io and MEXC, offering the $HVLO token, which will be used for staking, rewards, and engagement in DePIN networks. The token is issued by the Swiss-based HVLO Association under license from Hivello Holdings. In addition, Hivello and Animoca Brands will host a live discussion on LinkedIn and X to provide insights into their growth strategies and investment roadmap.

The collaboration between Hivello and Animoca Brands highlights the increasing relevance of decentralised computing in the digital economy. By simplifying DePIN participation, Hivello aims to make decentralised infrastructure more accessible. As blockchain-based projects continue to evolve, reducing technical barriers remains a key focus for expanding user participation in Web3 ecosystems. The development of a simplified desktop application could further encourage widespread adoption, making it easier for individuals to contribute computing power without requiring extensive knowledge of blockchain technology.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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