Blockmate Ventures Investee Hivello Partners with Theta Networks for Enhanced Passive Income Opportunities

Blockmate Ventures investee Hivello has partnered with Theta Networks, aiming to enhance passive income opportunities for users. The integration allows users to contribute idle computing resources to the Theta Network in exchange for token rewards. Theta Network provides decentralized video streaming technology, and this partnership aligns with Hivello's objective of expanding earning potential for its user base.

Blockmate Ventures Inc.'s investee, Hivello Holdings, has successfully integrated the Theta Network into its platform, offering users new passive income opportunities. The integration allows Hivello users to contribute idle computing resources to the Theta Network in exchange for token rewards. This strategic partnership aims to enhance earning potential for Hivello's user base by leveraging decentralized video streaming technology.

Theta Network, a leading decentralized infrastructure for video, AI, and entertainment, provides efficient video streaming tech and reduces costs for content delivery. Instead of relying on centralized servers, Theta uses a decentralized network of users who share excess bandwidth and computing resources, earning tokens in return. This setup delivers faster, more reliable streams while lowering infrastructure expenses. High-profile content partners such as Samsung, Sony, and Lionsgate highlight the growing demand for such computing power.

Justin Rosenberg, CEO of Blockmate Ventures, commented on the integration: "Integrating Theta Network strengthens the Hivello platform and boosts the value of user participation. Off the back of Hivello’s first buy-back and burn last month, this partnership is a great signal towards expanding the Hivello user base and enhancing the sustainability of the ecosystem as networks like Theta seek more computing power to process video streaming and AI content."

Hivello's decision to integrate Theta Network is driven by a core objective: to provide new earning opportunities for its user base. This integration allows users to seamlessly monetize their idle GPU and CPU resources by connecting to the Theta Network, thereby expanding the earning potential available on the Hivello platform. By adding Theta, Hivello helps its community simplify access and participation in the Decentralized Physical Infrastructure Network (DePIN) space, reinforcing its position as a central hub for such networks.

Domenic Carosa, Co-founder & Chairman of Hivello, stated: "Integrating Theta Network is an exciting step in our journey to build the most comprehensive aggregator of DePIN. This partnership not only provides our users with new, high-demand earning opportunities but also reinforces our commitment to supporting the growth and stability of key players in the decentralized space. We're proud to welcome Theta as our 11th network."

About Blockmate Ventures Inc.
Blockmate Ventures (TSX.V: MATE) is a Blockchain & Web3 venture builder investing in and operating scalable blockchain, mining, and digital infrastructure companies. From decentralized computing with Hivello to Blockmate Mining, the Company’s portfolio provides investors with diversified exposure to emerging sectors within Web3 and beyond.

References:
[1] https://www.stocktitan.net/news/MATEF/blockmate-investee-hivello-integrates-with-theta-network-to-boost-p700ryfa7wzx.html
[2] https://www.morningstar.com/news/globe-newswire/9511006/blockmate-investee-hivello-integrates-with-theta-network-to-boost-user-earnings