Uniswap has become the latest crypto company to seek to actively invest in Web3 projects.
To this end, the decentralized finance protocol company has launched a dedicated investment vessel that will seek to buy into other blockchain and DeFi-oriented projects.
Uniswap Labs Ventures will headhunt companies that show promise in web3 and are creating useful tools and infrastructure.
To lead the efforts, the company has chosen Matteo Leibowitz who will be in charge of the venture efforts alongside Uniswap COO Mary-Catherine Lader.
Uniswap has so far invested in 11 independent companies from the sector and continues to expand rapidly. However, moving forward, the company wants to have a more structured way of holding and securing stakes in the web3 industry.
Uniswap Labs Ventures seems interested in buying a share in Aave, Compound, Ethereum Name Service and MakerDAO. All of these tech solutions are known as governance systems and could serve as the basis on which future projects are built.
Uniswap is not without its faults though. The company is facing a lawsuit which alleges that the company, its founder, and backers have conducted fraud facilitated by the Uniswap platform.
However, Uniswap believes it can overcome this challenge. For one, the company argued that the lawsuit lodged against it was filled with easily provable inaccuracies.
This will in no way slow down Uniswap Labs Ventures hunt for worthwhile assets in the space to buy.
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