Popular decentralized exchange Uniswap has announced the creation of Uniswap Labs Ventures (ULV), a new venture capital fund centered on investing in Web3 corporations and tasks.
According to the announcement officially launched on April eleven, Uniswap Labs Ventures will invest at any stage of growth for several tasks or technologies linked to Web3, infrastructure, developer equipment and consumer-oriented applications.
two / Uniswap Labs Ventures (ULV), will act as the investment arm of Labs, investing in web3 protocols and corporations with a mission and values aligned with ours🤝
– Uniswap Labs (@Uniswap) April 11, 2022
Uniswap Labs Ventures has invested in eleven Web3 corporations and protocols, which include Aave, Compound, the decentralized autonomous organization (DAO) behind the DAI stablecoins, MakerDAO and the LayerZero bridge. In the announcement, Uniswap expressed what it seems for in other tasks to make funding choices, but did not disclose other tasks it is incubating or the sum of capital underneath which ULV is managed.
In an accompanying publish, Uniswap founder Hayden Adams shared that ULV programs to participate in managing the tasks it invests in and explained it also programs to participate in the governance techniques of Aave, Compound Finance, Ethereum Name Service (ENS) and MakerDAO.
– hayden.eth (@haydenzadams) April 11, 2022
Uniswap has consequently turn out to be the final representative to fill the listing of the well-known “players” of the industry aimed at the Web3 section, a subject that has aroused a whole lot of curiosity in current months, quite a few investment agreements and big-scale growth.
Examples contain Bessemer ($ 250 million), Griffin Gaming Partners ($ 750 million), The Graph ($ 205 million), Stacks ($ 165 million), Haun Ventures ($ one.five billion), Avalanche ($ a hundred million) and Nexo ($ 150 million).
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