Uniswap Labs Takes Aim at Web3 with New Ventures Division

Investment and innovation remain the key to the success of Web3.

Uniswap Labs Launches Uniswap Labs Ventures to Drive Web3 Innovation

On Monday, Uniswap Labs (UNI) announced the launch of Uniswap Labs Ventures (ULV), a new division targeting Web3.

According to Monday’s announcement,

“Uniswap Labs Ventures will invest in teams at different stages and levels of the Web3 stack, from infrastructure to developer tools and consumer-facing applications.”

The new division aims to support innovation and growth by actively participating in on and off-chain governance and collaborating with communities.

Immediate Uniswap Lab Ventures plans include participation in MakerDAO (DAI), Aave (Aave), Compound (COMP), and Ethereum (ETH) Name Service protocols.

To date, Uniswap Lab Ventures has invested in 11 companies and some native protocols within the Web3 ecosystem.

On Twitter, Uniswap Labs tweeted,

“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.”

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 added,

“And in keeping with our ethos of decentralization and community engagement, ULV will be participating in the governance of portfolio protocols. To start, these include @AaveAave, @compoundfinance, @MarkerDao, and @Ensdomains.”

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

Uniswap Labs is not alone in targeting Web3 through investment and partnership to drive innovation and growth.