Justin Rosenberg discusses Hivello and the opportunity for internet users to effortlessly generate a passive income
Following the beta launch of Hivello - an passive income generating app - Blockmate CEO Justin Rosenberg was featured on The Power Play to discuss how Hivello will be a game changer where internet users can effortlessly generate up to $20 per month without any technical expertise in blockchain or crypto.
The full interview can be viewed here
Below is also a transcript of the interview.
SD: Welcome back to the Market Herald. I'm Simon Druker and you are watching the Power Play. My guest today is the CEO of Blockmate Ventures, Justin Rosenberg. Justin, thanks for dropping by.
JR: Great to be here.
SD: The big news today is you are launching a passive income tool that requires virtually no experience. Tell us about Hivello.
JR: Great. Thank you, Simon. We're really excited to announce this beta launch. Blockmate owns a hundred percent of Hivello, and this passive income generator that the Hivello team has built enables someone to earn passive income within minutes with no expertise required. Now, we expect in the near term each user to generate up to $20 per month, which isn't enough to retire on in Toronto, but in many developing countries we think it's going to be very popular. How we've been able to create this is by Hivello being the bridge between the millions of users around the world with an internet connection and the decentralized physical infrastructure networks, otherwise known as DePIN, the fastest growing sector in web three that want to lay this network and connect these users to their infrastructure whether it be file storage or telecommunications.
SD: So your company referred to this technology, this development, is a game changer in the industry. Why use that type of language? Why do you believe that? And how does that push you forward?
JR: The key feature of this application is how quick and easy it is for a user with no experience to start earning a passive income.So other passive income opportunities could be starting affiliate marketing, being an influencer, et cetera. All of those types of passive income tools take a lot of effort to set up. And other mining strategies also either are harder to set up, more costly in hardware to set up, or the returns aren't as good. And in this case, on your spare hardware that you've got, or on a Raspberry Pi that could cost you about $70, you could be earning a return of about 500% per annum.
SD: So how does this position you as a company moving forward? What's your next step from here?
JR: So as a company generally, as we announced recently, we expect to close a deal with our other hundred percent subsidiary called Midpoint, which is an FX platform. And, we'd like to sign our first partner deal by 30 June of this year. And with regards to Hivello, we're inviting people to join the waitlist for this free application, and we're looking to launch the app in time for the world's largest crypto conference which is Bitcoin Miami in May.
SD: Okay. Certainly exciting stuff and we'll be paying close attention. Justin, thanks so much for taking a few minutes out of your day for us today.
JR: Great pleasure. Thank you, Simon.
SD: All right. That is Justin Rosenberg, the CEO of Blockade Ventures, joining us here at the Power Play. Till next time in Vancouver, I'm Simon Druker. Thanks so much for watching.
