Uniswap Launches a Venture Arm to Accelerate Web3 Development

Uniswap Labs – the organization behind the popular DeFi exchange – announced the launch of Uniswap Labs Ventures. As such, it intends to “bring millions of people into the emerging Web3 economy” and invest in additional crypto enterprises.

Enter Uniswap Labs Ventures

In a recent blog post, the company said it is “proud of the foundational products and infrastructure” it has built so far. However, it has ambitions to further interact with the emerging Web3 universe, which is why it formed Uniswap Labs Ventures. The initiative will enable investments in the sector and also establish connections with other crypto projects:

“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. 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.”

The organization said it has experience in the field as so far, it had invested in 11 entities and several native protocols across the Web3 ecosystem. Some examples include Tenderly, LayerZero, and MakerDAO.

Uniswap Labs noted that its crypto-native development team could support users in all their efforts: from formulating a strategy to engineering and design.

Additionally, the company stated it is aware of the importance of “responsible protocol governance.” As such, the team will participate in on and off-chain governance, collaborating with other communities:

“So far, we plan to participate in the governance systems of the MakeDAO, Aace, Compound, and Ethereum Name Service protocols.”

Uniswap’s Latest Upgrades

At the end of 2021, Uniswap Labs released an updated Auto Router to optimize token swaps while offering gas savings. Specifically, the advanced feature enhances trade prices by routing transactions across Uniswap v2 and v3 protocols. This enables customers to track the exact cost of a swap in real-time directly from the app interface.

The upgrade also aimed to provide an energy-effective trading experience by lowering gas costs. The Uniswap app featured a USD estimate of the gas fee before submitting a swap. With that help, the application automatically sets prices based on the expected gas cost and the size of the transaction.

Shortly after, the decentralized exchange announced it will launch on the Polygon Layer 2 protocol. The move follows a vote conducted by Polygon’s Co-Founder – Mihailo Bjelic – who previously praised it. The vast majority of the participants supported the deployment of Uniswap v3 on the blockchain network.