Thursday, Aug. 22
Credbull Closes $5.2M Round Led by Gnosis VC to ‘Democratize Private Credit’ On-chain
In a significant move for the blockchain and finance sectors, Credbull has successfully closed a $5.2 million funding round, which was primarily led by Gnosis VC. The investment attracted strategic participation from several notable entities, including Outlier Ventures, HODL Ventures, XBTO, LucidBlue Ventures, CryptoHedge, and Marcello Mari of SingularityDAO, among others. This funding round is particularly noteworthy as it supports Credbull’s mission to revolutionize the private credit market by integrating traditional finance with Web3 technology.
Launched in April, Credbull positions itself as the first licensed on-chain private credit fund operating on the Polygon PoS blockchain. The platform aims to bridge the gap between conventional financial systems and decentralized finance, thereby democratizing access to private credit investments. By leveraging blockchain technology, Credbull seeks to enhance transparency, reduce costs, and improve access for a broader audience of investors. This initiative is poised to empower both individual and institutional investors by making private credit investments more accessible and efficient.
Web3 Streaming Platform Myco.io to Ship Content on Aptos
In another exciting development, Myco.io, a Web3 streaming platform, has announced a strategic partnership with the Aptos Foundation. This collaboration is set to facilitate the integration of content delivery on the Aptos blockchain. The partnership emphasizes a commitment to advancing Web3 technologies, with a focus on developing robust builder resources that will contribute to the evolution of decentralized digital streaming experiences.
Myco.io aims to create a decentralized framework for content creators and consumers, promoting a fairer revenue distribution model. The integration with Aptos, known for its high throughput and scalability, will enable Myco.io to enhance its platform’s capabilities, delivering seamless streaming experiences while ensuring security and reliability. The partnership reflects a growing trend in the industry where blockchain technology is harnessed to disrupt traditional media and entertainment sectors.
Aave Comes to Ethereum Layer-2 Project ZKsync’s Era Mainnet
Aave, the leading decentralized finance (DeFi) lending protocol, has made a significant announcement regarding the launch of Aave V3 on the Era Mainnet, powered by ZKsync. With a total value locked of approximately $11.9 billion, Aave continues to set the pace in the DeFi space. The new version will leverage advanced zero-knowledge (ZK) technology, which allows for low-cost transactions and enhanced security measures.
According to Aave’s team, the integration of ZK technology enables the platform to provide users with cryptographic validity proofs, ensuring that transactions are both secure and efficient. Aave’s founder, Stani Kulechov, expressed enthusiasm about the Era Mainnet’s capabilities, stating, “This platform offers the highest level of scalability and performance. With zero-knowledge proofs, we can add privacy features and additional security for users and institutions alike.” He further highlighted that the Elastic Chain ecosystem can expand to accommodate various institutional use cases, thereby enhancing scalability without compromising security.
As the DeFi landscape continues to evolve, Aave’s strategic move onto the ZKsync Era Mainnet showcases its commitment to innovation and user security. The collaboration with Chainlink, a leading blockchain oracle project, will also provide secure and reliable price feeds essential for the operation of DeFi protocols.
Protocol Village is a regular feature of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday. Project teams can submit updates here. For previous versions of Protocol Village, please go here.