Uniswap Labs launches venture arm for Web 3.0 investments.

Uniswap Labs, the company behind the leading Ethereum exchange Uniswap, has launched a new venture arm.

1/💫 At Labs, we want to onboard millions of users into the web3 economy, with the goal of unlocking universal ownership & exchange for all. But we know we can’t achieve our mission alone.

Today we’re proud to announce the launch of Uniswap Labs Ventures!https://t.co/Y4gSKOd9dC

— Uniswap Labs 🦄 (@Uniswap) April 11, 2022

Uniswap Labs Ventures will focus on Web3 projects across various segments, infrastructure startups, and tools for blockchain development. The division plans to participate in on-chain governance of its investment portfolio.

4/ And in keeping with our ethos of decentralization and community engagement, ULV will be participating in the governance of portfolio protocols.

To start, these protocols include @AaveAave, @compoundfinance, @MakerDao, and @Ensdomains 🥳

— Uniswap Labs 🦄 (@Uniswap) April 11, 2022

Before the venture arm was created, Uniswap Labs had invested in 11 projects, including MakerDAO, Aave, Compound Protocol, PartyDAO, LayerZero and Tenderly. As reported, Haun Ventures raised $1.5 billion across two crypto funds focused on Web 3.0. The firm is linked to former Andreessen Horowitz (a16z) general partner Katie Haun.

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