Uniswap Launched Venture Capital Branch For Web3 Investment

Uniswap launched venture capital branch for its Web3 investment and the company said that it already invested in 11 companies and protocols like MakerDAO, Aave and LayerZero so let’s read more today in our latest cryptocurrency news.

Popular DEX Uniswap announced that Uniswap launched a venture capital branch focused on investing in Web3 companies. The firm will invest in different stages of development into various projects or technologies that are related to Web3, developer tools, and infrastrcuture but also other areas of interest according to the announcement. The company invested in 11 companies and Web3 protocols like decentralized money market Aave and MakerDAO but also blockchain protocol LayerZero. In the announcement, Uniswap expressed interest in funding but didn’t reveal more projects that it was planning to invest 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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🚀 Thrilled to launch @Uniswap Labs Ventures, which will be investing in innovative projects and companies building in Web3 https://t.co/VdXQpyfxQU

— hayden.eth 🦄 (@haydenzadams) April 11, 2022

In the Twitter thread with the announcement, Uniswap founder Hayden Adams shared that the UVL plans to take part in the governance of the project to invest in and added that it plans to take part in the governance systems of Compound Finance, Aave, Ethereum Name Service, and MakerDAO. There was no mention of the amount of Capital Uniswap’s venture fund under management. Uniswap tapped Matteo Leibowitz as the lead and headed up efforts with Uniswap COO Mary Catherine LAder.

Leibowitz is the former Strategy Lead for Uniswap and was the founder and editor of the Crypto chart newsletter. Crypto companies are starting to diversify via venture capital firms and the centralized exchange FTX launched a  $2 billion fund to invest in the Web3 businesses which led to a $350 million funding for NEAR.  The interest in crypto from venture capital companies is on the rise and there’s a 144% increase in capital inflows to the space between 2020 and 2021 with DEFI being the preferred choice of investment.

As recently reported, The KNC price rallied in excess of 50% after expanding access to different blockchain networks and a Uniswap V3 integration. The outlook for the projects in the DEFI sector started to improve in the past few months as a combination of global events which outlined the benefits of holding the funds outside of the traditional financial systems.