Blockmate Ventures Inc, listed on the Toronto Stock exchange, announced that its 100% owned subsidiary Hivello has beta launched an innovative application that enables an addressable market of more than 100 million internet users to earn up to US$20 per month in passive income, simply by contributing their idle computing resources.
Hivello is an application that users can download on their phone or computer, and with one-click instantly run automated Web3 software in the background that pays passive income in their local currency on a monthly basis.
Blockmate Ventures CEO Justin Rosenberg commented, “Hivello is an innovative passive income generator which has the potential to gather global momentum very quickly. The opportunity for internet users to generate $20 a month from their unique IP address, in minutes, without any technical expertise is revolutionary. With Hivello being the bridge between the millions of target users and the growing number of Web3 protocols, Hivello is well placed to reach for the millions in recurring, high margin revenue targeted by its founders.”
Hivello users contribute resources such as hard disk space, bandwidth, or computer processing power to decentralized Web3 projects like Mysterium or Sia, while earning passive income. The application seamlessly acts as an orchestrator, arranging and optimizing the user’s resources for maximum efficiency and reward, while contributing to the growth of the decentralized ecosystem. Hivello earns a margin of all revenue generated through the platform. (...)