new investment announcement for variant:

an EVM compatible L1 with a small but active and organic developer community drawn by its opinionated economics

https://variant.fund/articles/canto-a-layer-1-incentive-experiment/

contract secured revenue is an interesting idea and i'm curious to see how it plays out

on the one hand, there is now an incentive for app developers to create gas-inefficient contracts

on the other, every successful gas-inefficient contract is now "margin" for a competing more gas-efficient equivalent to be created