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Odaily Planet Daily News: UXLINK officially announced on the X platform that it is currently conducting KYC process testing for Fuji Card in Japan, South Korea, Singapore, Indonesia, Vietnam, Nigeria, Pakistan, Bangladesh, South Africa, and some Middle Eastern countries. The users are mainly volunteers from the UXLINK community. The UXLINK community leader stated that Fuji Card will be a social virtual encrypted card, and will strive to closely integrate encrypted payments with daily life in the future.
According to Cryptoslate, Galaxy Research has submitted a new proposal to the Solana community aimed at reforming the network's inflation governance discussions through a method called Multi Electoral Stake Weight Aggregation (MESA). This mechanism attempts to introduce a market driven process to optimize the SOL emission curve without relying on a single result vote. The proposed method will not change Solana's ultimate goal of achieving a final inflation rate of 1.5%, but based on community voting results, it may significantly shorten the timeline for achieving this goal. According to Galaxy's prediction, if the current deflation rate of 15% is maintained, the network will reach its final inflation rate at epoch 2135. Raising the deflation rate will advance this point in time. In the current Solana system, inflation follows a fixed, time-dependent curve, with the goal of achieving a final inflation rate of 1.5%. However, Galaxy pointed out that previous voting has shown that although people generally believe that the inflation rate is above the necessary level, reaching a consensus on adjusting parameters faces challenges. Galaxy's new proposal provides an alternative solution for validators to choose from multiple pre-determined deflation rates, with the results determined by the weighted average of these votes. MESA voting will not dynamically adjust inflation based on real-time indicators, but will enforce a fixed anti inflation trajectory. Once approved, deflation rates will be adjusted based on the collective opinion of validators.
Odaily Planet Daily News: Virtuals officially announced the launch of a new point based innovation mechanism called Genesis on the X platform. Users can accumulate points through purchasing Virtuals ecosystem tokens, holding VIRTUAL, pledging VADER, and other channels, and obtain access to participate in the issuance of new projects. The first new project of Genesis is h011yw00d (HOLLY), and the subscription will end at 21:00 tonight. Users who already have points can contribute points and VIRTUAL to participate in the subscription.
Foresight News reports that Virtuals Protocol has launched a new launch mechanism called Genesis. Genesis is a protocol layer primitive used for proxy token allocation, which transforms token launch into a proof system where usage, liquidity, and coordination determine access permissions. The main features include: point based access (obtained through actual participation), on chain allocation logic (deterministic, transparent, fair), and refund guarantee (aimed at protecting contributors).
According to a report by PRNewswire, MEXC Ventures, an investment firm under the cryptocurrency exchange MEXC, announced the launch of a $30 million "Ignite X" program aimed at cultivating Web3 talent and promoting decentralized ecosystem innovation. The collaboration with the South Korean University Blockchain Research Institute will mark the launch of the "IgniteX" project. This investment plan will last for 5 years, and MEXC will closely cooperate with the research institute in blockchain development, academic exchange, and talent cultivation. MEXC Ventures encourages early-stage Web3 startups, research projects, developer communities, and academic institutions dedicated to decentralized infrastructure, AI integrated blockchain solutions, stablecoins, and fintech tools to submit applications.