Amsterdam’s Hivello secures funding to enable users to earn from idle computer resources; here’s how

Amsterdam-based Hivello, an all-in-one decentralised infrastructure aggregator, announced that Animoca Brands, the company driving digital property rights to help build the open metaverse, is leading its current funding round.

Hivello aggregates decentralised physical infrastructure networks (DePIN) projects that allow users to monetise idle computer resources across multiple decentralised networks.

Domenic Carosa, co-founder and chairman of Hivello, says, “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.”

Capital utilisation

Hivello will use the proceeds to develop its DePIN node solutions and advance its goal of simplifying access to decentralised networks. 

As a DePIN aggregator, Hivello allows users to contribute computing resources and earn through Web3 protocols. The company aims to remove barriers to participation in decentralised networks, enabling users to engage in Web3 projects without technical expertise.

Yat Siu, the co-founder and executive chairman of Animoca Brands, says, “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.”

Additionally, Hivello and Animoca Brands will host a live discussion about the company’s growth, investment landscape, and future roadmap. The event will be streamed live on LinkedIn and X. 

Hivello’s Token Generation Event (TGE) is live on Gate.io and MEXC. The $HVLO token will be used for staking, rewards, and participation in DePIN networks within Hivello’s decentralised economy. The token will be issued by the Swiss-based HVLO Association under license from Hivello Holdings.

Event details:

• Date & Time: February 11 at 5 PM HKT | 9 AM UTC | 4 AM EST | 10 AM CET
• Where to Watch: Streaming live on LinkedIn and X

The partnership!

Founded by Domenic Carosa, Justin Rosenberg and Andrew Smith, Hivello aims to simplify participation in DePIN by making nodes easier to use and removing technical barriers. This allows more people to contribute computing resources without needing advanced knowledge.

“We are in the process of building a radically simple desktop app. This app is designed to empower users by enabling them to earn a passive income simply by contributing their computer resources. This innovative approach not only benefits the users but also strengthens the overall network,” says Hivello.

Animoca Brands, which promotes digital property rights, shares a similar vision by enabling users to have greater control over their digital assets. The company already has over 540 Web3 investments.

The partnership between the two companies aligns in supporting decentralised systems where users can actively participate and benefit from their contributions.