Hivello Launches App to Simplify Web3 Mining and Expand DePIN Accessibility

Thursday, May 30, 2024 2:33 PM
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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.

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