According to BlockBeats, on August 28, Variant Fund co-founder Li Jin announced on social media that she will transition from a general partner to an advisory role at the firm. Jin stated that she will continue to collaborate with portfolio companies and provide guidance to the team, but will no longer be involved in investment decisions and daily company management.

Jin emphasized that her work has always been mission-driven, with a strong focus on expanding opportunities, particularly in the realms of economics and education. She explained that her initial interest in cryptocurrency and Variant stemmed from a desire to support technology that could lay the foundation for a more equitable internet. Jin highlighted that Variant is one of the few investors in the field with a clear mission and argument for this vision.

Expressing gratitude towards the entire Variant team, Jin described working with them as one of the greatest honors of her life. She praised the team members as world-class professionals and expressed her excitement to see Variant continue to play a significant role in shaping the future of this technology.