LONDON and AMSTERDAM, May 25, 2022 (GLOBE NEWSWIRE) — Blockmate Ventures Inc. (TSX.V: MATE) (FSE: 8MH1) (“Blockmate” or the “Company”) announces the launch of a wholly owned Hivello, a specialist in the deployment of Internet of Things (IoT) blockchain infrastructures. The first blockchain to be connected to Hivello is Helium, which provides connectivity to a decentralized IoT network that rewards participants within the network.

By joining the Hivello Network, individuals and landlords can earn passive income by hosting a Hivello hotspot on their premises, similar to a landlord renting out their room on Airbnb.

The Helium IoT blockchain network operates globally, independent of cellular network operators and with low power consumption. It has more than 800,000 connected access points that transfer data from IoT devices to the cloud using the network’s LoRaWan protocol and includes customers such as Sales Force and Lime using the network.

Using a proprietary algorithm, Hivello is able to maximize the gain capacity of each access point belonging to the network, performing location analysis powered by data science, radio frequency analysis and years of team experience. This allows potential sites to be reviewed in minutes, not hours or days.

Certified Hivello network participants then receive a package tailored specifically for their type of location that includes the best access point, with the best antenna and accessories based on the IoT activity of the geographic location.

Hivello was co-founded by Andrew Smith who has over 15 years of experience in online, mobile and FinTech businesses. In his most recent venture before co-founding Hivello, Andrew co-founded cryptocurrency payments and regtech firm Banxa Holdings Inc (TSXV: BNXA) in 2014, where he served as Director of European Operations before co-founding Hivello in beginning of 2022.

Mobile networking industry representative GSMA estimates that by 2025 there will be more than 24.6 billion connected IoT devices worldwide.

Dom Carosa, CEO and Chairman of Blockmate, said, “We are excited to launch the Hivello business as the first company added to the Blockmate portfolio since completing the acquisition of Blockchain World in March 2022. Hivello is the first to be added to the Blockmate portfolio. a long series as Blockmate grows its ecosystem of blockchain projects that can be accelerated towards monetization through access to Blockmate’s resources. We look forward to working closely with Andrew and the Hivello team as they expand the network of Hivello Access Points around the world.

Blockmate Ventures and Hivello Investor Briefing

On Thursday, June 2, 2022 at 11 a.m. EDT, Blockmate Ventures will hold a special investor briefing to provide investors with an overview of the Blockmate business.

The briefing will include an update from Blockmate CEO and Chairman Dom Carosa, who will also be joined by Hivello CEO and Co-Founder Andrew Smith.

Presentation topics will include:

  • Blockmate’s blockchain incubation vision and track record of successful projects
  • The Hivello revenue model and regional targets for IoT hotspots
  • An Updated Strategy for Blockmate Midpoint’s Asset with Ways to Maximize Revenue
  • A new consumer-centric de-fi (decentralized finance) platform

Following the presentation, Mr. Carosa and Mr. Smith will answer questions from investors and analysts in attendance.

Investors are invited to attend by registering here: Click to register

Upon registration, a login link will be sent to the registered email address which will also include instructions on how to attend the briefing using a computer or device smart with a valid internet connection.

Blockmate invites investors to join the company’s mailing list for the latest industry updates and research by signing up at:

About Blockmate Ventures Inc.
Blockmate Ventures is a Web3 business incubator/builder focused on businesses that use blockchain technology and decentralization to provide greater utility, accessibility, and sustainability around everyday services. By working with potential founders, incubating projects can benefit from the Blockmate ecosystem which offers technologies, services, integrations, digital assets and guidance to accelerate project incubation to monetization.

Blockmate Ventures’ management team has successfully founded successful technology companies from the Dotcom era to the social media era and sees Web3 technology as the vehicle for a democratized future. Learn more about being a Blockmate at:


Dom Carosa (CEO and President)

For more information, contact:
Dom Carosa, CEO and President
Blockmate Ventures Inc.
[email protected]

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

Forward-looking information
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