.@variantfund just raised $450m to support the leading founders in web3.

These are the areas they're investing in:

Financial empowerment through DeFi:

The DeFi revolution has empowered a new gen of owners to take control of their assets and access capital and liquidity, just as simplified end-user experiences are lowering the barrier of entry for using new and complex financial products.

The expanding layer cake of blockchain computing:

From low-level computing primitives to developer tools, web3 infrastructure is maturing and on the verge of supporting the new product experiences demanded by mainstream consumers.

The new frontier of web3 consumer:

Web3 has the potential to satisfy user needs in completely novel ways, from using on-chain activity as the basis of new social graphs to pooling and managing capital among online communities.

User experiences defined by new forms of ownership:

Tokens and NFTs enable net-new user experiences that satisfy diverse motivations and “jobs-to-be-done”, from control to belonging, to financial alignment with the products you use every day.