Crypto News: Variant Raises $450M for Web3 Startups Focusing on Early-Stage Projects

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Web3 venture firm Variant has raised a $450 million umbrella fund, including a $150 million seed fund for early-stage projects and a $300 million to support teams “with demonstrated traction from our portfolio and beyond,” according to the official press release. Led by a16z veterans Li Jin, Jesse Walden, and Spencer Noon, the venture emphasizes investments in users-owned networks that could create favorable economic terms. With a core focus on user experience and ownership, Variant ...

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