Variant Fund Raises $222M to Back Crypto and AI Startups

TLDR: Variant Fund has closed a $222M fourth vehicle targeting early-stage crypto and AI startups globally. The firm’s thesis has evolved from digital ownership to a broader focus on user autonomy and agency. Recent portfolio bets include agentic memory, cryptographic location proofs, and AI artifact ownership. Crypto VC activity is rebounding, with a16z and Haun [...]

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