Variant has completed a fundraising of $222 million for its new fund, focusing on AI, cryptocurrency, and autonomy

According to Fortune, the crypto-focused venture capital firm Variant has completed the fundraising of its new fund, Variant 4, totaling $222 million. The fund will invest in projects at their earliest stages, focusing on the theme of "autonomy" to integrate AI and crypto applications.

Partner Jesse Walden stated that in the future, the label "crypto investor" will disappear, and crypto will become a universal "underlying pipeline" like internet infrastructure. The core is to provide users and businesses with greater autonomy and security through decentralized and contract security architecture, supporting the development of applications including DeFi platforms Uniswap and Morpho.