Hivello and Zulu have teamed up to enhance decentralized infrastructure and expand the Bitcoin ecosystem.

Date – 13-Aug-2024

Hivello and Zulu Forge Strategic Partnership to Enhance Decentralized Infrastructure and Bitcoin Ecosystem

Hivello Holdings Ltd., a leading decentralized physical infrastructure network (DePIN) aggregator, has announced a strategic partnership with Zulu Network, a pioneer in Bitcoin Layer 2 solutions. This collaboration aims to accelerate growth and innovation within the Bitcoin ecosystem and beyond.

The alliance grants Hivello access to Zulu Network’s extensive global infrastructure and international audience, significantly extending Hivello’s reach to potential users interested in generating passive income through unused computing resources. This partnership is also expected to bolster Hivello’s position within the Bitcoin ecosystem, with future integrations of Bitcoin and DePIN on the horizon.

Justin Rosenberg, CEO of Blockmate Ventures, commented, “Our partnership with Zulu opens new avenues for Hivello to integrate into the expanding Bitcoin ecosystem. Zulu’s network of over 755,000 users underscores the growing demand for Hivello’s innovative DePIN solutions.”

Hivello Holdings, which Blockmate Ventures owns a 67% stake in, recently completed a successful $2.5 million funding round, valuing the company at $9 million as of February 2024.

The strategic partnership will leverage Hivello’s DePIN expertise and Zulu’s advanced blockchain technology to drive innovation in the Web3 space. The collaboration is set to enhance transparency, accessibility, and interoperability within the blockchain ecosystem and boost the adoption of decentralized applications (dApps) and DePIN technologies.

Eric Lifson, Co-Founder of Zulu, stated, “Partnering with Hivello allows us to broaden our platform’s capabilities into the DePIN sector, providing users with enhanced opportunities to engage with decentralized infrastructure projects.”

Domeninc Carosa, Chairman & Co-founder of Hivello, added, “Our collaboration with Zulu opens up new possibilities for our users, connecting them with the Bitcoin ecosystem and expanding our footprint within the blockchain space.”

Additionally, Hivello Holdings has clarified that the previously announced token launch will be managed by the Swiss-based HVLO Association, with Hivello Holdings serving in an advisory capacity.