Uniswap Labs Ventures will invest in Web3 companies and protocols and will even participate in the governance systems of some of the projects it invests in.
The firm says it has already invested in 11 companies and Web3 protocols such as Aave, MakerDAO, LayerZero, and others, with plans to participate in the governance systems of some projects.Popular decentralized exchange Uniswap has announced the formation of Uniswap Labs Ventures , a venture capital fund focused on investing in Web3 companies and projects.
The firm will invest at any stage of development into various projects or technologies related to Web3, infrastructure, developer tools, and consumer-facing applications as areas of interest according to theThe firm has already invested in 11 companies and Web3 protocols, including decentralized money market Aave, the decentralized autonomous organization behind the DAI stablecoin, MakerDAO, and blockchain bridging protocol LayerZero.
In the announcement, Uniswap expressed what it looked for in other projects it was interested in funding, but did not reveal any further projects it was planning on investing in. “We’re also focused on investing in projects that are closely aligned with our values: building for the long term, collaborating openly with communities, and putting users first.”
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