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The key to the era of ” Metaverse “: Modernizing Park Chain

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5 years ago

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Roblox, an online game creation platform, launched its “Metaverse” concept in March 2021, which instantly exploded the Internet industry. In the gaming industry, many International Game Technology companies have set up “Metaverse” businesses. Furthermore, traditional Internet giants have also started to pay attention and invest on “Metaverse”. The concept of ” Metaverse” has also become quite popular in the Internet industry.

As usual, capital is keenly aware that the Modernizing Park Chain project, which is dedicated to building a decentralized Metaverse platform and is conducting a seed fundraising round. In this regard, Elon Simons, the CEO of MPC, stated that during the recent fundraising meeting, the investment structures being approached include Blockchain Capital, Pantera Caoital, Andreessen Horowitz, Union Square Ventures and others. MPC has been in excellent negotiations with the major investment houses. Notably, MPC has also received attention from traditional investment houses, with BITKRAFT Venture, which focuses on investing in e-sports companies, also showing interest in investing. In terms of the progress of the fundraising, Elon Simons said that the investment houses are currently discussing the valuation of MPC and that he believes there will be good news soon. Meanwhile, he also encouraged investors to pay more attention to the product and progress of the project, and not to follow the hype blindly.

Theoretically, Metaverse can be extended from gaming, social and other pan-entertainment experiences to various real-life scenarios, thereby breaking the boundary between virtual and reality. From the perspective of investment institutions, as a new generation of open underlying software platform for blockchain, MPC has successfully integrated the concept of ” Metaverse”. Specifically, MPC platform allows for not only a multi-dimensional Web3.0 by supporting NFT, AR, VR and IOT, but also helps developers, game enthusiasts, artists and KOLs to easily create valuable content on the blockchain. Moreover, it has the potential to drive large-scale commercial applications to the ground.

Currently, the first MPC-based application Modernizing Park will be launched soon. It is a sandbox game based on the concept of meta-universe with various gameplay modes such as collecting, building, raising and managing. It is designed to help players create a functioning economic system in the virtual reality world to facilitate an immersive experience in the virtual world.

In Modernizing Park, there is a virtual world that is truly owned by the user, where all virtual land and the buildings on the virtual land are held by the owner forever. Throughout the game, players collect NFT land as they would build assets in the real world in order to qualify to build buildings on the land, which may be priced according to the different attributes and distances of the land. For instance, players can choose from different attributes of land: Residential; Commercial and Public, etc. As the first Modernizing Park project to implement ” Metaverse” concept on the MPC platform, it is expected to be the key to the commercial implementation of the MPC ” Metaverse” concept on a large scale.

Before the era of Metaverse dawns, Roblox is not a unique phenomenon, and MPC will certainly shine with the “Metaverse” as its goal. Regarding the vision of MPC, Elon Simons emphasized that MPC will break through the barriers of the ” Metaverse” by constantly iterating the technology to build a more interactive and multifaceted world that allows all kinds of assets and all kinds of characters to be traded without hindrance.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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From Physician to Patient: Dr. Ulysses Labilles Launches Cancer Journey Podcast, The Genome of Faith

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6 minutes ago

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July 17, 2026

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Explora Books has released The Genome of Faith podcast by Dr Ulysses Lagrimas Labilles, documenting his transition from healthcare professional to patient through reflections and readings drawn from his book of the same title. Now streaming on Spotify and YouTube, the six-episode series invites listeners into a personal story shaped by faith, empathy, and the experience of navigating stage 4 non-small cell lung cancer with brain metastases.

Across its debut season, Dr Labilles—an epidemiologist and former CDC Foundation COVID-19 Response Corps member—turns the perspective shaped by his scientific career toward his most personal challenge: living through a terminal cancer diagnosis. Recorded from his writing space in St. Louis, Missouri, each short episode combines candid reflection with readings from The Genome of Faith: A Life Unfolding Between Heaven and Earth, published by Explora Books.

Throughout the series, Dr Labilles reflects on how illness reshaped his understanding of identity, care, and human connection, while introducing listeners to Fidempathia, a term he coined to describe the fusion of faith and empathy that helped him move from the shock of diagnosis toward a renewed sense of community, meaning, and peace.

The season opens with Dr Labilles recovering from a craniotomy and explaining the origins of Fidempathia as a framework intended to give clinicians, caregivers, and patients a shared language for hope. Later episodes revisit specific chapters from the book, including “Petals of Grace, Shadows of Silent Wars,” which reflects on his experiences as a pandemic-era epidemiologist, and “Gathered in Grace,” which explores how practical acts of support and everyday compassion can sustain someone through serious illness.

The final episode draws a connection between Dr Labilles’s own circumstances and the historical figure he was named after, Ulysses S. Grant, while reflecting on how a data-driven scientist learned to understand time differently once treatment schedules replaced long-term certainty.

Summarizing the perspective that shapes both the podcast and the book, Dr Labilles wrote, “I began this journey through science, but I finished it in Grace.”

At the center of the series is The Genome of Faith, which follows Dr Labilles’s life from his upbringing in the Philippines and early career as a dental clinician through graduate studies in epidemiology and frontline public health work during the COVID-19 pandemic with the Navajo Nation. It also reflects on his cancer diagnosis and treatment in St. Louis. The book combines clinical realities—including his MET exon 14 mutation and precision oncology treatment—with an account of the faith, family, and relationships that sustained him through multiple brain surgeries. It concludes with letters to his four children and reflections on the legacy he hopes to leave behind.

Dr Labilles holds a PhD in Applied Public Health Epidemiology and has worked as a research affiliate and federal contractor in cancer and infectious disease research, including roles supporting the U.S. Department of Veterans Affairs. His writing and advocacy work has also been featured on the People of Distinction podcast with Benji Cole.

The full podcast for the memoir The Genome of Faith: A Life Unfolding Between Heaven and Earth is now streaming on Spotify and YouTube. The book is available on Amazon and other major digital bookstores. 

About Explora Books 

Explora Books is a book marketing firm located in the heart of Vancouver, British Columbia, Canada. The company specializes in self-publishing and marketing, taking pride in its exhaustive research and creative strategies that provide wider avenues for aspiring authors to gain recognition for their works. Explora Books aims to guide authors through the complexities of self-publishing, offering convenient solutions to navigate this process. The firm fosters and redefines creativity and innovation, setting new industry standards. Explora Books is dedicated to empowering authors globally.

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Organization: Explora Books Ltd

Contact Person: Simon Pratt

Website: https://explorabooks.com/home

Email: Send Email

Contact Number: +16043306795

Address:Jameson Offices, 838 W Hastings St w, Vancouver, BC V6C 0A6, Canada

City: Vancouver

State: British Columbia

Country:Canada

Release id:47188

The post From Physician to Patient: Dr. Ulysses Labilles Launches Cancer Journey Podcast, The Genome of Faith appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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CGTN: Building modern, livable cities: China’s people-centered approach to urban development

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20 minutes ago

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July 17, 2026

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In recent years, China has accelerated its urban renewal efforts, aiming to create modern, livable cities for residents. CGTN published an article exploring how China is transforming urban spaces through a people-centered approach, and how urban renewal, improved public services and smart governance are enhancing people’s quality of life.

For decades, residents of Shimin Xincun, a residential community in Shanghai’s Huangpu District, lived with aging buildings, outdated facilities and daily inconveniences. Today, the neighborhood has taken on a new look.

After more than three years of renovation, the four residential buildings built in the 1950s have been transformed with safer structures, modern kitchens and bathrooms, elevators, private balconies, pocket gardens and underground parking facilities. The upgrade benefited 351 households and greatly improved their overall living experience.

The community’s transformation reflects a broader effort across China to make cities more livable and people-centered.

During an inspection tour on Wednesday, Chinese President Xi Jinping visited Shimin Xincun and highlighted the importance of high-quality urban renewal in advancing urban modernization.

Xi stressed the need to fully embrace the people-centered philosophy of urban development, saying urban development should focus on improving residents’ sense of fulfillment, happiness and security.

Renovating aging neighborhoods for better living

Since 2020, China has accelerated efforts to upgrade aging residential communities, improve underground infrastructure and revitalize historic neighborhoods, aiming to create cities that better meet people’s changing needs.

Wenzhou, an eastern Chinese city, provides an example of how urban renewal can not only improve living conditions but also generate new economic opportunities. The city was rated among the highest-performing cities in China’s 2025 urban renewal action, alongside Beijing, Shanghai and other cities.

In 2025, Wenzhou renovated more than 330,000 square meters of old residential communities, adding facilities such as fitness equipment, elderly-friendly handrails and children’s play areas.

The city has also explored ways to combine urban renewal with local economic development. In the Shuangjingfang neighborhood, 8,000 square meters of unused space was revitalized, where more than 100 designers, architects and entrepreneurs joined forces to develop new businesses, including small theaters, cafes, boutique hotels and cultural spaces. The area has since attracted more than 8 million visitors annually and generated more than 100 million yuan (about $14.8 million) in yearly revenue.

Furthermore, Wenzhou has turned unused urban spaces into new public assets. Former industrial sites and abandoned areas have been transformed into cultural venues, parks and scenic spots, including a cliffside forest theater and a 25-kilometer island ring scenic corridor in Dongtou District.

These urban renewal projects have not only repaired aging buildings but also expanded public spaces, boosted local economies and enhanced residents’ quality of life.

From urban renewal to better governance

Beyond physical upgrades, China is also focusing on improving urban services and governance.

During Xi’s visit to Shanghai, he visited the home of a retired resident to learn about her daily life. He said that the Communist Party of China is dedicated to serving the people, and that only when people live and work in peace and contentment can the Party and the government feel reassured.

Xi also visited a community fresh produce stall, where he stressed the importance of improving community governance and building well-equipped communities and convenient living circles.

In recent years, China has been promoting the development of “15-minute community life circles.” The initiative aims to ensure that residents can access essential services within a short walk from their homes, including grocery stores, pharmacies, restaurants, healthcare, elderly care, childcare, fitness and leisure facilities.

The program has become a key part of China’s efforts to improve urban living standards and create more convenient communities. According to official data, by the end of 2025, more than 8,100 15-minute community life circles had been established nationwide, covering more than 160 million residents.

At the same time, cities across China are using digital technologies to improve governance. Through big data and artificial intelligence technologies, local governments are enhancing real-time monitoring of infrastructure, improving emergency responses and making public services more efficient.

Beijing’s 12345 citizen service hotline is one example. By integrating big data and AI technologies, the platform has improved how public requests are processed and followed up. In 2023, it handled 21.44 million citizen requests, with a 100% response rate, a 95.5% resolution rate and a 96.1% satisfaction rate. The hotline has become a model for improving governance in a megacity.

From urban renewal to urban governance, China is advancing a people-centered approach to city development. Beyond ensuring that people have a place to live, the focus is now on creating more livable communities, improving public services and enhancing governance, allowing residents to share more fully in the benefits of urban development.

https://news.cgtn.com/news/2026-07-16/Building-modern-livable-cities-China-s-approach-to-urban-development-1OP8o5bp3wI/p.html

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Press Release

MEXC May–June Report: 750M+ USDT Futures Insurance Fund & 100% Asset Reserves

Published

1 hour ago

on

July 17, 2026

By

Mutsamudu, Comoros, July 16th, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, today released its May–June bimonthly security report, reinforcing its role as a trusted global gateway where security and trust always come first. The audit indicates that MEXC’s Futures Insurance Fund surpassed a landmark threshold of 750 million USDT as of June 29, marking a substantial 34% expansion over the preceding reporting period. Concurrently, reserve verification data confirm that the coverage ratios for BTC, ETH, USDT, and USDC all remained safely above 100%, with Bitcoin delivering a reserve ratio of 269.35%.

During May–June, crypto security incidents remained elevated across the industry. According to aggregated data from major blockchain monitoring agencies, 142 independent security incidents were confirmed during the period, resulting in approximately US$194 million in verifiable financial losses. DeFi security incidents accounted for 55% of total incidents, with related losses of approximately US$150 million. Cross-chain bridges, private key management, and user endpoints emerged as the three major weak points in the industry’s security landscape during the period.

Against this backdrop, asset reserve transparency and risk-buffering capacity have become important foundations for user protection across trading platforms.

Futures Insurance Fund Grows to 751 Million USDT

Quantifying this safety buffer, the total balance of MEXC Futures Insurance Fund reached 751 million USDT by the June 29 close, marking a net capital inflow of over 191 million USDT relative to the prior bimonthly disclosure. This dedicated capital reserve serves as a primary systemic countermeasure designed to absorb unexpected liquidation slippage during periods of heightened market volatility.

By neutralizing excess delta risk, the fund systematically reduces the likelihood of activating Auto-Deleveraging (ADL) protocols, thereby ensuring orderly clearing conditions across all active derivatives markets. Real-time solvency tracking and live reserve balances remain continuously auditable via the public MEXC Proof of Trust interface.

Major Assets Continue to Maintain Excess Reserves, with BTC Reserve Ratio Reaching 269.35%

In addition to providing a risk buffer for the futures market, MEXC continues to enhance asset transparency through its Proof of Reserves mechanism, allowing users to verify asset backing directly on-chain.

As of the reporting date, reserve ratios for major assets were as follows:

  • BTC: Reserve ratio of 269.35%, with 12,656.63 BTC held in wallets, corresponds to 4,698.90 BTC in user assets.
  • ETH: Reserve ratio of 118.14%, with 77,527.30 ETH held in wallets.
  • USDT: Reserve ratio of 113.95%, with approximately 2.139 billion USDT held in wallets.
  • USDC: Reserve ratio of 125.41%, with approximately 95.41 million USDC held in wallets.

These reserve figures are publicly verifiable through on-chain wallet addresses and MEXC’s Merkle Tree-based Proof of Reserves system, enabling users to independently verify asset coverage.

Maintaining platform-wide custody standards, the MEXC Guardian Fund continues to operate its rigorous dual-reserve architecture consisting of USDT and BTC allocations. Every underlying crypto-asset remains fully segregated, verifiable, and tied to on-chain addresses that are permanently open to public audit. The strategic asset expansion roadmap previously disclosed by the corporate risk team remains fully underway.

Guardian Fund Wallet Addresses:

From risk identification to asset recovery, throughout the Entire Trading Journey

During May–June, user-side attacks also continued to increase. Phishing scams and endpoint & supply chain security incidents resulted in approximately US$28.59 million in related losses, highlighting the growing importance of account risk identification, external support for suspicious fund investigations, and asset recovery capabilities.

In terms of related user protection mechanisms, risk mitigation within the MEXC infrastructure extends far beyond baseline asset reserves, integrating advanced account risk identification, external forensic investigations into funds, and systematic recovery protocols for misdirected transfers. 

During the May–June performance window, the platform’s financial intelligence unit successfully flagged and restricted 9,518 accounts linked to organized illicit syndicates, effectively dismantling 4,394 distinct fraudulent networks.

Geographically, these illicit operations exhibited high concentration vectors within two primary jurisdictions:

  • Commonwealth of Independent States (CIS) Region: 2,096 fraudulent networks neutralized.
  • Indonesia: 1,229 fraudulent networks neutralized.

In parallel with internal containment, MEXC significantly expanded its judicial and law-enforcement cooperation protocols. The compliance department processed 497 external statutory investigation requests, which included the successful execution of 53 judicial asset-freezing mandates. Furthermore, the platform’s real-time transaction monitoring systems intercepted 7 high-risk inbound illicit fund transfers, freezing a total of 303,277 USDT before it could contaminate the exchange’s broader liquidity pools.

Addressing user-side transactional errors, MEXC manually processed 812 individual asset recovery requests involving erroneous cross-chain deposits and misdirected transfers, successfully remediating assets valued at 343,515 USDT. Every sub-case was subjected to a dual-layer review protocol that combined manual asset verification with on-chain forensic auditing. Compliance teams deployed advanced multi-ledger cross-chain tracing techniques to locate, isolate, and safely return the misrouted capital to its rightful owners.

Vugar Usi, CEO of MEXC, said, “True trust is not built on promises made before risks emerge, but on whether protection remains visible and verifiable when challenges arise. With our Futures Insurance Fund surpassing 750 million USDT, together with publicly verifiable Proof of Reserves, we are reinforcing MEXC’s role as a trusted global gateway where security and trust always come first, ensuring all user’s assets are safeguarded.”

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

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MEXC PR team
media@mexc.com

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