Uniswap Labs launches venture arm to invest in Web 3.0
- April 12, 2022
- 0
Uniswap Labs, the company behind the development of leading Ethereum exchange Uniswap, has created a new venture division. 1/💫 At Labs, we want to engage millions of users
Uniswap Labs, the company behind the development of leading Ethereum exchange Uniswap, has created a new venture division.
1/💫 At Labs, we want to engage millions of users in the web3 economy to unlock universal ownership and exchange for all. But we know that we cannot achieve our mission alone.
We are proud to announce the launch of Uniswap Labs Ventures today!https://t.co/Y4gSKOd9dC
— Uniswap Labs 🦄 (@Uniswap) April 11, 2022
Uniswap Labs Ventures will focus on Web3 projects, infrastructure initiatives and blockchain development tools in various segments. The division plans to participate in the on-chain management of investment objects.
4/ And in line with our values of decentralization and community engagement, ULV will participate in the management of portfolio protocols.
To start, these protocols include: @AaveAave, @compoundfinance, @MakerDaoand @Ensdomains 🥳
— Uniswap Labs 🦄 (@Uniswap) April 11, 2022
Prior to founding its venture arm, Uniswap Labs invested in 11 projects, including MakerDAO, Aave, Compound Protocol, PartyDAO, LayerZero, and Tenderly.
Recall that Haun Ventures has raised $1.5 billion in two crypto funds focused on Web 3.0. The firm is affiliated with former Andreessen Horowitz (a16z) general partner Cathy Haun.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
