DeFi network Uniswap has launched a venture arm to back new Web3 projects.
Uniswap is a decentralised exchange for the trading of cryptocurrency tokens which operates on the Ethereum blockchain.
It revealed the first investments to be made by Uniswap Labs Ventures, with founders and their teams set to benefit from Uniswap’s experience and resources as they grow. Full details are included further down.
“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,” it stated.
“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.
“As a crypto-native development team, we’re uniquely positioned to support the teams we invest in as they launch and grow. We’re excited to leverage our experience to help these teams build and scale across strategy, product, partnerships, engineering, and design.”
Teo Leibowitz has been named as ventures lead alongside chief operating officer MC Lader.
Ethereum developer platform Tenderly is a key entry point for developers experimenting with Web3. Their success will drive the growth of web3 as a whole, bringing more easy-to-use and secure applications to market and ultimately more users into the ecosystem.
As protocols like Uniswap continue to be deployed across different blockchains, the security and design of the bridges which bring these blockchains together will undergo growing scrutiny and become increasingly important. LayerZero is the category leader in the bridge sector and will help drive protocols towards a multi-chain future.
The credit facility behind decentralised stablecoin DAI, MakerDAO is a foundational piece of DeFi infrastructure. The MakerDAO community also continues to lead the way in establishing best practices around governance, mechanism design, and smart contract security.
Decentralised money market Aave is an essential part of the DeFi economy, providing asset owners seamless access to passive yield opportunities and borrowers the opportunity to draw liquidity from their crypto holdings. The Aave community has set precedent for cross-chain expansion and continuously innovates on features ranging from exotic asset support to on-chain identity. decentralised money market
The first decentralised money market on Ethereum, the Compound Protocol has since served as a pioneering force across risk management and on-chain governance design. In recent months, the Compound Protocol has been integrated by institutional products including Fireblocks and Coinbase Custody alongside leading consumer-facing applications, Argent, Crypto.com and Zapper.
PartyDAO is the decentralised software organisation behind PartyBid, a platform for communities to pool funds together to collectively purchase NFTs. Sitting at the intersection between decentralised capital formation, NFTs, and social coordination, PartyBid transforms the Web3 experience from an individual pursuit into a community initiative.