Multicoin founder Kyle Samani says he will step back from day-to-day VC duties…will continue backing Solana

Kyle Samani, co-founder of crypto venture capital firm Multicoin Capital, is stepping back from day-to-day management. He said, however, that he will continue personal investing and advocacy for the Solana ecosystem.

According to The Block on the 4th (local time), Samani said in a post on Multicoin’s official blog that “my time at Multicoin has been the most meaningful and rewarding experience of my life,” adding that “I now want to focus on exploring other technology areas such as AI, longevity tech and robotics.”

Tushar Jain, Multicoin’s co-founder, said “Kyle’s interests have expanded beyond crypto,” adding that “he decided to devote his time to new technology domains.”

While Samani is stepping away from running Multicoin, he said he will maintain ties to the crypto industry. “My conviction that crypto will fundamentally reshape the financial system remains unchanged,” he said, adding, “I will continue personal investments centered on Solana.”

Samani is widely known as an early Solana investor and has been involved in promoting concepts such as decentralized physical infrastructure networks (DePIN) and IBRL (Increase Bandwidth Reduce Latency), a strategy aimed at improving Solana’s performance.

Going forward, he will remain chairman of the board at Forward, a Solana-based digital asset manager, and will continue serving on the board of Zama, a cryptography project. He also plans to keep supporting Multicoin’s portfolio companies and making personal investments.

Recently, Samani has also taken part in policy discussions in Washington, D.C., weighing in on the regulatory environment for crypto assets. In related remarks, he has said that “if a market structure bill passes, crypto adoption will enter a new phase.”