Uniswap Labs launched venture capital arm for Web 3.0 investments
Uniswap Labs Ventures will participate in the governance of the projects in which funds have been invested
12.04.2022 - 09:55
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What’s new? Uniswap Labs, the company behind the development of the Uniswap decentralized exchange protocol, has launched a new venture capital arm. Uniswap Labs Ventures will invest in Web 3.0 protocols and projects. The unit will fund teams at various stages of development, from infrastructure creation to user applications. This is reported in the company’s press release. The size of the Uniswap Labs Ventures fund was not disclosed.
What is known about Uniswap Labs Ventures? Uniswap Labs has invested in 11 projects such as MakerDAO, Aave, and Tenderly before establishing a venture arm. Uniswap Labs Ventures plans to participate in the governance systems of the MakerDAO, Aave, Compound, and Ethereum Name Service protocols.
What is known about Uniswap? It is a decentralized protocol to exchange cryptocurrencies, built on the Ethereum blockchain. The first version of Uniswap was developed by Hayden Adams and launched in November 2018.
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