Amid a subdued cryptocurrency market, leading venture capitalist firm Variant has announced the raising of $450 million, targeting DeFi projects, blockchain infrastructure, consumer application, stablecoins, and non-fungible tokens (NFTs).
$150 million to be invested in start-ups
Out of the total $450 million, a $150 million seed fund will be utilized to invest in early-stage projects and the remaining to support teams “with demonstrated traction from our portfolio and beyond.”
Uniswap, Mirror, Foundation, Magic Eden, and Polygon (CRYPTO: MATIC), were among the notable Web3 businesses that received investments from Variant’s earlier two funds, which had previously raised …
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