Blockmate subsidiary Hivello enters strategic partnership with Neova to advance decentralised storage

Rhea-AI Summary

Blockmate Ventures (TSX.V: MATE) (OTCQB: MATEF) announced that its subsidiary Hivello Holdings has formed a strategic partnership with Neova, a decentralized storage platform. The collaboration aims to expand Hivello's decentralized storage capabilities and make storage more accessible and profitable.

The partnership focuses on several key areas: Hivello may become a node distributor for Neova's decentralized storage network and integrate Neova's protocol into its platform. Hivello will test Neova's nodes on its testnet before the mainnet launch. Both companies will collaborate on co-marketing efforts to promote decentralized infrastructure solutions.

Hivello specializes in simplifying decentralized node management across multiple protocols, while Neova provides secure, privacy-focused data storage through IPFS technology using peer-to-peer and master nodes.

Positive

• Strategic partnership expanding Hivello's decentralized storage capabilities
• Potential new revenue stream as Neova's node distributor
• Technology integration enhancing Hivello's service offerings

Negative

• None.

TORONTO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”) is pleased to announce that its subsidiary, Hivello Holdings Ltd has partnered with Neova, a decentralised storage platform, to expand Hivello’s decentralised storage capability, making storage more accessible and profitable for all.

Below is the press release from Hivello:

Hivello + Neova: a Strategic Partnership to Advance Decentralized Infrastructure

LONDON and AMSTERDAM, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Hivello, the all-in-one decentralized infrastructure manager, and Neova, a leader in decentralized data storage protocols, are excited to announce a strategic partnership to accelerate the adoption and innovation of decentralized physical infrastructure networks (DePIN).

Hivello and Neova are coming together to explore how their unique strengths can advance decentralized infrastructure and expand the adoption of Web3 technologies. Hivello simplifies running decentralized nodes by aggregating and managing them across multiple protocols, making it easy for non-technical users to contribute to DePIN networks. Neova, on the other hand, is a decentralized storage protocol built on IPFS, offering secure and privacy-first data storage & management through a network of peer-to-peer and master nodes.

Hivello and Neova are exploring several areas of collaboration. These include the possibility of Hivello becoming a node distributor for Neova’s decentralized storage network, as well as integrating Neova’s protocol into Hivello’s platform to enhance user accessibility. Hivello also plans to test Neova’s nodes on its testnet in preparation for the mainnet launch. Additionally, both companies collaborate on co-marketing efforts to promote decentralized infrastructure solutions.

“Neova is pioneering decentralized storage solutions that align with our mission to simplify decentralized infrastructure for everyone,” said Domenic Carosa, Co-Founder & Chairman of Hivello. “Together, we can bridge the gap between innovative protocols and everyday users, opening up new opportunities for collaboration, scalability, and growth in the Web3 space.”

Quentin Clement, CEO of Neova, added: “Hivello’s user-centric approach to decentralized node management is the kind of innovation needed to grow the DePIN ecosystem. This partnership allows us to explore new ways to expand our decentralized storage network while bringing greater accessibility and efficiency to our users. The possibilities here are exciting.”

About Neova

Neova is a decentralized storage protocol that prioritizes privacy, security, and scalability. By leveraging Avail's Data Availability (DA) Layer, Neova ensures robust on-chain verification and seamless data integrity. Unlike conventional storage solutions, Neova enhances data persistence and censorship resistance with a custom IPFS through a hybrid architecture of peer-to-peer networks and master nodes. Its ecosystem includes solutions such as Neova Drive and electronic signature tools, designed to empower users with true data ownership and frictionless accessibility.

About Hivello

Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to generate an extra source of income by mobilizing their idle computers. We aim to create a simple app that allows users to contribute their computer resources with no technical knowledge required.

About Blockmate Ventures Inc.

Blockmate Ventures is a venture creator focussing on building fast growing technology businesses relating to cutting edge sectors such as blockchain, AI and renewable energy. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download the free passive income app at www.hivello.com) and Sunified, digitising solar energy.

The leadership team at Blockmate Ventures have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: www.blockmate.com.

Blockmate welcomes investors to join the Company’s mailing list for the latest updates and industry research by subscribing at https://www.blockmate.com/subscribe.

ON BEHALF OF THE BOARD OF DIRECTORS

Justin Rosenberg, CEO
Blockmate Ventures Inc
justin@blockmate.com
(+1-580-262-6130)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Forward-Looking Information
This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

FAQ

What is the strategic partnership between Blockmate's Hivello (MATEF) and Neova?

Hivello (MATEF) and Neova have partnered to expand decentralized storage capabilities, with Hivello potentially becoming a node distributor for Neova's network and integrating Neova's protocol into its platform.

How will the Hivello-Neova partnership affect MATEF's decentralized infrastructure?

The partnership will enhance MATEF's decentralized infrastructure by integrating Neova's storage protocol into Hivello's platform and expanding node distribution capabilities.

What are the main objectives of the Hivello (MATEF) and Neova collaboration in 2025?

The main objectives include testing Neova's nodes on Hivello's testnet, potential node distribution, protocol integration, and joint marketing efforts to promote decentralized infrastructure solutions.

How will MATEF shareholders benefit from the Hivello-Neova partnership?

Shareholders may benefit from new revenue opportunities through node distribution and enhanced service offerings resulting from the integration of Neova's storage protocol into Hivello's platform.