Odaily Planet Daily News Variant Fund co-founder Li Jin posted on X: "I will move from Variant's general partner 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 to 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."