Odaily Planet Daily News: The Genesis project has officially opened the staking function for its VIRTUAL token. Users can now stake VIRTUAL to obtain veVIRTUAL, which represents the user's long-term support for the protocol and future governance rights. The amount of veVIRTUAL depends on the amount of VIRTUAL staked and the duration of the lock-up (up to two years), and it will linearly decay over time. The points distribution mechanism for the Virtuals ecosystem will be adjusted accordingly, with 20% of Virgen Points to be distributed to veVIRTUAL holders in the future. Additionally, holding veVIRTUAL will also qualify participants for the Genesis airdrop.