Uniswap and Investing in Web 3
Uniswap Labs, the organization behind the popular decentralized trading platform Uniswap, has announced the launch of a new investment arm “Uniswap Labs Ventures”.
As such, Uniswap intends to bring millions of people into the emerging Web3 economy and invest in additional crypto ventures.
Investing in Web 3:
In a recent blog, Uniswap said it is proud of the core products and infrastructure it has built so far.
The company has ambitions to engage more with the emerging web world, which is why it has formed its new investment arm “Uniswap Labs Ventures” as the initiative works to enable investments in the sector as well as establish connections with other crypto ventures, as stated in its announced statement:
Uniswap Labs Ventures will invest in teams at various stages and levels in Web 3, from infrastructure to developer tools and consumer-facing applications.
We also focus on investing in projects that closely align with our values:
Building for the long term, collaborating openly with communities, and putting users first.
The company said it has experience in this area so far, having invested in 11 entities and many original protocols across the Web3 ecosystem. Some examples include Tenderly, LayerZero, and MakerDAO.
Uniswap's Latest Upgrades:
At the end of 2021, Uniswap Labs released an updated automatic router to improve token swaps while saving gas fees.
Specifically, the advanced feature improves trading prices by routing transactions via Uniswap v2 and v3 protocols.
This allows customers to track the exact cost of a swap in real time directly from the application interface.
The upgrade also aims to provide an energy-efficient trading experience by lowering gas costs and Uniswap has shown a dollar estimate of the gas fee before the trade-in is offered.
With this help, the app automatically sets prices based on the expected gas cost and transaction volume and soon after, the decentralized platform announced that it would launch its services on the “Polygon Layer 2” protocol.
This move comes in the wake of a vote by the co-founder of “Polygon” on whether to support the platform or not, with the vote of the vast majority of participants wishing to publish Uniswap v3 on the blockchain network.