Multicoin founder Kyle Samani gradually steps back from investment firm affairs and will continue to advocate for Solana

Odaily Planet Daily News: Cryptocurrency venture capital firm Multicoin Capital announced that co-founder and managing partner Kyle Samani will gradually step back from the company’s daily operations. Co-founder Tushar Jain stated that Samani’s interests have expanded from the crypto space to cutting-edge fields such as artificial intelligence, longevity technology, and robotics, and therefore he has decided to dedicate more time to exploring these emerging technologies.

Kyle Samani gained widespread attention for early bets on Solana and has been an influential voice in the industry for years, actively promoting multiple sectors including DePIN, and co-founding the digital asset treasury company Forward, with SOL as its core asset. He also proposed core concepts related to Solana’s performance, such as IBRL (Increase Bandwidth, Reduce Latency).

Samani said that leaving Multicoin is a “bittersweet” decision, but he will continue to invest in the crypto industry as an individual and keep advocating for the Solana ecosystem.