Credbull Secures $5.2 Million Funding Round; Myco.io Partners with Aptos; Aave Launches on ZKsync

Thursday, Aug. 22

Credbull Secures $5.2 Million Funding Round Led by Gnosis VC to Revolutionize On-chain Private Credit

In a significant development for the crypto finance sector, Credbull has successfully closed a $5.2 million funding round, spearheaded by Gnosis VC. This round also saw strategic participation from notable investors such as Outlier Ventures, HODL Ventures, XBTO, LucidBlue Ventures, CryptoHedge, and Marcello Mari from SingularityDAO, among others. Launched in April, Credbull has positioned itself as the first licensed on-chain private credit fund operating on the Polygon PoS blockchain. The team emphasizes that “Credbull aims to democratize private credit RWA investments by bridging the gap between traditional finance and the burgeoning Web3 landscape.”

Web3 Streaming Platform Myco.io Partners with Aptos Foundation to Enhance Content Delivery

In another exciting announcement, Myco.io, a pioneering Web3 streaming platform, has formed a strategic alliance with the Aptos Foundation to facilitate content delivery on the Aptos blockchain. The partnership aims to focus on technical integration while developing builder resources. A spokesperson for Myco.io stated, “This collaboration is dedicated to advancing Web3 technologies and delivering next-generation, decentralized digital streaming experiences.” (APT)

Aave Launches on Ethereum Layer-2 Project ZKsync’s Era Mainnet

Aave, recognized as the largest DeFi lending protocol with a total value locked of $11.9 billion, has announced the launch of Aave V3 on the Era Mainnet, powered by ZKsync. The Aave team highlighted that this integration allows Aave to leverage advanced zero-knowledge technology, facilitating low-cost transactions while ensuring security through cryptographic validity proofs derived from Ethereum. In a statement shared by a project spokesperson, Aave founder Stani Kulechov remarked, “Era Mainnet offers unparalleled scalability and performance. The incorporation of zero-knowledge proofs introduces opportunities for enhanced privacy capabilities and additional security for both users and institutions. Furthermore, the Elastic Chain ecosystem is primed for expansion to accommodate diverse institutional use cases while maintaining robust scalability.” (AAVE) {{ZK}}

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