Crypto venture capital firm Variant raises $222 million for new fund, Variant 4, to invest in early-stage companies, focusing on AI, crypto, and "autonomy." Founder Jesse Walden said that by the end of this decade, the identity of "crypto investor" will disappear and become as broad as "internet investor." Variant defines "autonomy" as applications that give users more control, including permissionless finance, crypto, and smart agent applications. He also stated that crypto is infrastructure rather than a product, serving as the underlying channel supporting more products, and growth is just beginning. (Fortune)

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RetroKeysAndPositions
· 6h ago
From "Internet Investors" to "Crypto Investors" and then to disappearance, history always rhymes. The question is, where are we currently in the rhythm?
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OldBlackVelvetKey
· 6h ago
Variant's definition of autonomous apps is interesting—control back in the user's hands. That's what Web3 should be like, not just a different place to harvest profits.
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ElevatorMeme
· 6h ago
"Permissionless finance" sounds easy, but the regulatory framework hasn't kept up, and user autonomy equals users bearing the risks.
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BlueberryStakingMachine
· 6h ago
Raising 222 million, a very lucky number. But early-stage project valuations have already skyrocketed; how many unicorns can this money produce?
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Mint-ColoredSlippage
· 6h ago
Jesse's words are harsh, but they are indeed reasonable. When AI agents are everywhere, who can still tell the difference between "cryptocurrency investment" and "software investment"?
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