Hivello and IoTeX Form Strategic Partnership in DePIN Ecosystem

Hivello, an investee of Blockmate Ventures, has formed a strategic partnership with IoTeX, a leading blockchain in the decentralized physical infrastructure networks (DePIN) space. The collaboration will integrate Hivello’s DePIN aggregator platform with IoTeX’s ecosystem, enabling support for new DePINs launched on the IoTeX chain and promoting Hivello to millions of consumers globally. Hivello aims to create a vibrant DePIN ecosystem by leveraging spare computing resources for a sharing economy, targeting both consumers and enterprises. The company is currently raising funds to expand its technology and customer base.