DePIN project Hivello completes $1 million Pre-Seed funding round with participation from NGC and others.

According to BlockBeats news on December 14th, Hivello, a decentralized physical infrastructure network (DePIN) project, has completed a $1 million Pre-Seed round of financing. This round of financing was participated by NGC, Blockchain Founders Fund, Side Door Ventures, IDG, Bing Ventures, MEXC Exchange, XT.com Exchange, Genesis Block, and NxGen. It is reported that Hivello is committed to promoting the popularity of decentralized services worldwide and is expected to integrate up to 100 DePINs within the next 12 months.