Creating new variant is possible by clicking “Add variant” button from the top toolbar. In earlier versions there was alternative flow to this. I wasn’t aware of this button until now
This “Add Variant” option is really bad to find, lost a lot of time to see where this simple action could now be done! In my opinion, it’s a bad UX decision with this new update
Another issue that I have found is that Figma now tries to categorise all Properties into three categories ~ “Boolean”, “Instance Swap”, and “Text”.
Maybe this is yet another steep learning curve for me to distinguish each of them. But even as simple as Boolean false/true option ~ is still a mystery to me as it keeps giving me a side error message “not used within component”.
So far the only one that replicates the closest earlier version of Figma is “Text”. You set a property name. And set a value anything you wish. Done. That’s it. move on. Ironically this allows you to still set boolean false/true without that error “not used within component”.
I have no idea or why they convolute things unnecessarily.