Nuvve Announces Hype Token Purchase as Part of its Blockchain Strategy
Nuvve (Nasdaq: NVVE), a vehicle-to-grid technology company, has announced its Board's approval to purchase up to $3 million in Hype tokens as part of its blockchain strategy.
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DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) announced last week its newly launched DeFi Advisory business line will act as the asset manager for Nuvve’s HYPE treasury strategy
“This move is not just about crypto, it’s about where our industry is going and how Nuvve intends to lead it,” said Gregory Poilasne, CEO of Nuvve. “The Hype blockchain offers real-world applications that align with our roadmap and global expansion including but not limited to the smart energy ecosystem.”
DeFi Technologies (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) announced last week it will manage Nuvve's HYPE treasury strategy through its newly launched DeFi Advisory business line. This marks the first step in a bold new blockchain-driven growth initiative.
The strategic investment aligns with Nuvve’s broader business objectives and is supported by the company’s recently filed
Hype token, launched in 2021 by a consortium of decentralized infrastructure developers, has emerged as one of the fastest-growing Layer 1 blockchain ecosystems supporting scalable, energy-efficient smart contracts. Hype is designed to power next-generation applications across industries, from renewable energy to mobility, finance, and beyond.
About Nuvve Holding Corp.
Nuvve Holding Corp. is a global leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. Nuvve’s platform enables electric vehicles to store and discharge energy, transforming EVs into mobile energy resources and helping to stabilize the grid. Nuvve’s mission is to lower the cost of EV ownership while supporting the transition to a cleaner, more resilient energy infrastructure.
For more information, visit www.nuvve.com.
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Source: Nuvve Holding Corp.