Hivello Launches App to Simplify Web3 Mining and Expand DePIN Accessibility

Thursday, May 30, 2024 2:33 PM
25
Hivello Launches App to Simplify Web3 Mining and Expand DePIN Accessibility cover

Hivello, a Decentralized Physical Infrastructure Networks (DePINs) aggregator, has launched its app at the Consensus 2024 event, following a successful six-month waitlist period with 19,600 users. The app aims to simplify Web3 mining, enabling users to earn tokens by contributing their computer resources. Hivello recently raised $2.5 million in funding, reflecting investor confidence in its potential. The DePIN market is expected to grow significantly by 2028, and Hivello is positioned to capitalize on this growth by making decentralized finance more accessible to a wider audience.

Related News

Top DePIN Crypto Mining Projects for Maximizing Passive Income cover
a month ago
Top DePIN Crypto Mining Projects for Maximizing Passive Income
Discover the top DePIN crypto mining projects for June 2024, designed to maximize passive income and crypto investments. DePIN, or Decentralized Physical Infrastructure Networks, integrates blockchain with physical systems, set to thrive in the upcoming bull market. Dive into the top 10 projects and
WeatherXM: Decentralizing Weather Data with Web3 and IoT cover
a month ago
WeatherXM: Decentralizing Weather Data with Web3 and IoT
WeatherXM is revolutionizing weather forecasting by leveraging Web3 technology and IoT to create a decentralized network of weather stations. This approach allows for more accurate and hyperlocal weather data, accessible to everyone from farmers to scientists. The community-driven network encourages
Hivello Launches Private Beta App for Web3 Mining at Consensus 2024 cover
a month ago
Hivello Launches Private Beta App for Web3 Mining at Consensus 2024
Blockmate Ventures' investee, Hivello Holdings, has launched a private beta of its passive income generation app at the Consensus 2024 conference. The app, which simplifies Web3 mining for novices, has attracted 19,600 users to its waitlist. Hivello aims to democratize access to decentralized infras