Blockmate Ventures inc ("Blockmate" or the "Company") announces that its subsidiary Hivello has entered into a partnership with Web3 infrastructure company DLTx to expand the Hivello network of Internet of Things (IoT) hotspots. Based in Oslo and publicly listed on the Oslo Stock Exchange, DLTx specializes in protocols that provide predictable value both in utility and economics with a strong track record in identifying growth opportunities in the Web3 space. This includes their involvement in Bitcoin mining for many years as an early investor in one of the largest industrial scale Bitcoin mining operations in North America. By partnering with DLTx, Hivello will secure access to DLTx's suppliers, financiers, and management expertise which have been at the forefront of developing and launching 10 of the most important protocols in the blockchain space, including Ethereum. Hivello will issue equity to DLTx which will receive a 40% stake in Hivello while Blockmate retains the remaining 60%.
Jul-7-2022, 11:05:21 GMT