Li Jin, co-founder of Variant Fund, has been transferred from general partner to consultant and will no longer participate in investment and daily company management

Li Jin, co-founder of Variant Fund, said in a post on X: "I will move from general partner of Variant to consultant. I will continue to work with portfolio companies and advise the team, but will no longer be involved in investment and daily company management. This change gives me time and space to explore other interests that are consistent with my mission, such as broader education, innovation and technology; and pursue more creative projects. I am still very optimistic that cryptocurrency can become the foundation of the Internet, democratizing ownership for users, and I believe in Variant's role in leading the future."