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Uniswap launches venture capital fund in Web3 projects

Uniswap said it has invested in 11 companies and Web3 protocols such as Aave, MakerDAO, LayerZero and others, with plans to participate in the governance system of some projects.

The largest decentralized exchange (DEX) on Ethereum, Uniswap has announced the creation of Uniswap Labs Ventures (ULV), a venture capital fund focused on investing in Web3 companies and projects.

The project will invest in any stage of development in various projects or technologies related to Web3, infrastructure, developer tools, and consumer-facing applications.

In the announcement, Uniswap expressed what it looked for in other projects it was interested in funding, but did not disclose any further projects it was planning to invest in.

“WE ALWAYS FOCUS ON INVESTMENTS ON PROJECTS FITNESSLY WITH OUR VALUES: LONG-TERM BUILDING, OPEN COOPERATION WITH THE COMMUNITY AND BOOKING USERS ON THE TOP”.

In a Twitter stream accompanying the announcement, Uniswap founder Hayden Adams shared that ULV plans to participate in the management of the projects they invest in, adding that they plan to participate in management systems as well. value of Aave, Compound Finance, Ethereum Name Service and MakerDAO.

Uniswap selected Matteo Leibowitz as the Venture Lead, which, along with Uniswap CEO Mary-Catherine Lader, led the effort. Leibowitz is a former head of strategy at the company, formerly founder and editor of the “Crypto Chat” newsletter, and a research analyst at The Block.

Cryptocurrency companies are starting to diversify through venture capital funds. In January, centralized exchange FTX launched a $2 billion fund to invest in Web3 businesses.

Interest in crypto from venture capital firms is on the rise, with Cointelegraph research showing a staggering 144% increase in investment inflows into the space between 2020 and 2021, of which DeFi is supported investment priority.