Uniswap Labs Establishes Venture Arm to Fund Web3 Projects

2 years ago

Summary:

  • Uniswap Labs has launched a task portion dubbed Uniswap Lab Ventures
  • Uniswap Lab Ventures (ULV) aims to money projects focusing connected web3 that are aligned with the company’s vision
  • The team  astatine ULV volition besides beryllium participating successful the governance of portfolio protocols opening with Aave, Compound Finance, Maker Dao, and ENS Domains

Uniswap Labs has announced the motorboat of a task portion aimed astatine backing projects focusing connected web3 projects ‘with a ngo and values aligned’ to theirs.

Dubbed Uniswap Labs Ventures (ULV), its extremity volition beryllium ‘to unlock cosmopolitan ownership and speech for everyone, starting with bringing millions of radical into the emerging web3 economy’. Furthermore, Uniswap Labs Ventures volition put successful teams astatine the assorted stages and levels of the web3 stack. This includes infrastructure, developer tools, and customer-facing applications.

The squad astatine Uniswap Labs Ventures has an immense inheritance successful crypto task development. It is well-positioned to enactment teams they put in, leveraging its acquisition successful strategy, product, partnership, engineering, and design.

Additionally, Uniswap Labs Ventures is portion and parcel of the Uniswap protocol community. Therefore, they are alert of the value of liable protocol governance. Consequently, ULV volition enactment successful the connected and off-chain governance of the protocols it plans to put in. The squad astatine ULV truthful acold plans to enactment successful the governance of MakerDAO, Aave, Compound, and Ethereum Name Service protocols.

Teo Leibowitz volition beryllium astatine the helm of the efforts of ULV arsenic Ventures Lead alongside MC Lader, who volition beryllium the Chief Operating Officer. In an interview earlier today, Mr. Leibwitz explained that the steadfast placed a batch of emphases ‘on the tenacity and imaginativeness of the founders’. He added:

Beyond that, we look for projects that volition beforehand the benefits of Web3 and idiosyncratic adoption. In each cases, we question to enactment teams that tin payment from our acquisition and expertise arsenic a fast-growing crypto-native company.

The Uniswap ecosystem has benefited enormously from third-party contributions, and we’re excited to wage it guardant by sharing our acquisition and expertise with our peers.

[Feature representation courtesy of Pixabay.com]

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