According to CoinDesk, Credbull, which launched the first licensed on-chain private credit fund on the Polygon PoS blockchain in April, has closed a $5.2 million funding round led by GnosisVC. The round also saw participation from Outlier Ventures, HODL Ventures, XBTO, LucidBlue Ventures, CryptoHedge, and Marcello Mari of SingularityDAO. Credbull aims to democratize private credit RWA investments by bridging traditional finance with Web3 technologies.

In other news, the founders of VitaDAO have introduced a new protocol named BIO, designed to enable global communities of patients, scientists, and biotech builders to collectively fund and commercialize new therapeutics. The protocol completed its first round of TGE, raising $6.2 million in a public sale with participation from VCs like Zee Prime and 1kx ID Theory. BIO aims to create shared IP ownership among its members and uses Molecule's on-chain IP framework to manage intellectual property generated from supported projects.

Additionally, Myco.io, a Web3 streaming platform, has announced a strategic partnership with Aptos Foundation to deliver content on the Aptos blockchain. The collaboration will focus on technical integration, developing builder resources, and advancing Web3 technologies to provide decentralized digital streaming experiences.

Aave, the largest DeFi lending protocol with a total value locked of $11.9 billion, has launched Aave V3 on the Era Mainnet powered by ZKsync. This integration allows Aave to access advanced ZK technology with low-cost transactions while maintaining security through cryptographic validity proofs from Ethereum. Chainlink will provide secure and reliable price feeds for the platform. Aave founder Stani Kulechov highlighted the scalability, performance, and privacy capabilities offered by Era Mainnet, which can accommodate various institutional use cases.

Lastly, Mira, a decentralized AI infrastructure platform, has appointed Ninad Naik, a former Uber executive, as its chief product officer. Naik will lead product innovation at Mira, contributing to the platform's mission to expand global AI access through decentralization. Naik previously led the core marketplace product for Uber's food and grocery delivery business globally and held multiple leadership roles at Amazon across its AI, hardware, and marketplace businesses.