Virtuals Protocol has made a pivotal announcement regarding the conclusion of its Genesis program, signaling a new chapter for the project. This decision comes after careful consideration of community feedback and data analysis, indicating a need for a more sustainable growth model, as emphasized in the official statement.
Sunsetting the Genesis Program
The Genesis program, initially launched as an experiment in fair participation, has proven effective in its early stages. However, the team has recognized that it cannot support the project's future scalability. As a result, they have decided to sunset the Genesis program and introduce a new launch model aimed at long-term sustainability.
Introduction of Virgin Points
One of the key features of the transition is the introduction of Virgin Points, which will provide an initial advantage to participants during the shift. However, these points will be phased out over the next four weeks. Additionally, holders of veVIRTUAL and stakers of VIRTUAL will continue to enjoy ongoing benefits as the new model is implemented. The team is encouraging the community to prepare for these significant changes ahead.
As Aave prepares for its transformative V4 update, the financial technology landscape continues to evolve, with Jabil Inc recently celebrating its strong financial performance for the fourth quarter and fiscal year 2025. This momentum is mirrored by Nebeus's impressive growth in revenue and lending activities, underscoring the rising demand for innovative financial solutions. For more details on these developments, you can read the full article here.
