var TRINITY_TTS_WP_CONFIG={“cleanText”:”Luis Buenaventura highlights YGGu2019s attempt to boost local Web3 ecosystem on Backstage.u23f8Axie Infinity, to this day, remains a great platform for users and avid gamers to interact, earn, and simply enjoy the realm of gaming, but for some, likeu00a0Yield Guild Gamesu00a0(YGG), theu00a0play-to-earn gameu00a0served as a bridge that would help countries like the Philippines take advantage of the opportunities within Web3.u23f8Speaking tou00a0 Backstage’s Claire Celdran on the sidelines of theu00a0Bull or Bearu00a0event in La Union, YGG Country Manager Luis Buenaventura said while P2E games have been instrumental in introducing the means to earn inu00a0Web3, the Philippines have yet to tap into the numerous opportunities the emerging technology has to offer.u23f8″We believe that there are income opportunities in Web3 for emerging economies like the Philippines, and the first manifestation of that was Play-to-Earn with Axie Infinity,” Buenevatura pointed out. “That being said, that’s not the only way to make money and earn an income; earn a new revenue stream for yourself in Web3. There’s so many different career paths.”u23f8To expose Filipinos to these opportunities, the Bull or Bear panelist said it is vital that theyu00a0have proper knowledgeu00a0of the technology they are dealing with. To ensure this, YGG has focused its efforts on educating the public about emerging technologies, and one attempt is partnering withu00a0Bitskwela.u23f8″We’re in the middle of a fairly lengthy crypto bear market cycle, and during that time, platforms and projects tend to be a little bit more quiet, so what we can do instead is help upskill people, like improve their understanding of this new world,” he said.u23f8Banking on gaming in flourishing the blockchain communityu23f8Recalling the early days of the digital asset industry in 2014, when the only digital currency available to Filipinos was BTC, Buenaventura said there had been significant strides in terms of accepting the sector as more than just a network where users can trade and sell digital currencies.u23f8He stressed thatu00a0gaming played a huge partu00a0in onboarding Filipinos to the blockchain and Web3 communities.u23f8″We’re now at the point where it is such a accepted kind of industry, especially for, maybe, I would say, the Gen Z folks because they’re just a lot more open to this stuff,” Buenaventura said.u23f8Explaining the roles of games in helping to grow the Philippines’ blockchain community, the YGG country manager said gaming has made it easier for Filipinos to invest in digital currencies and explore other blockchain-based applications due to their unintimidating nature.u23f8In terms of corporate blockchains, Buenaventura said that the Philippines continues to discuss, explore, and work on applications to improve businesses and enterprises but “not so much at the conference level anymore,” noting that technologies such as digital currencies,u00a0non-fungible tokensu00a0(NFTs), andu00a0decentralized finance, among others, are the kinds of tech that Filipinos need to understand more.u23f8Watch: Using blockchain tech for data integrityu23f8″,”headlineText”:”Luis Buenaventura highlights YGGu2019s attempt to boost local Web3 ecosystem on Backstage”,”articleText”:”Axie Infinity, to this day, remains a great platform for users and avid gamers to interact, earn, and simply enjoy the realm of gaming, but for some, likeu00a0Yield Guild Gamesu00a0(YGG), theu00a0play-to-earn gameu00a0served as a bridge that would help countries like the Philippines take advantage of the opportunities within Web3.u23f8Speaking tou00a0 Backstage’s Claire Celdran on the sidelines of theu00a0Bull or Bearu00a0event in La Union, YGG Country Manager Luis Buenaventura said while P2E games have been instrumental in introducing the means to earn inu00a0Web3, the Philippines have yet to tap into the numerous opportunities the emerging technology has to offer.u23f8″We believe that there are income opportunities in Web3 for emerging economies like the Philippines, and the first manifestation of that was Play-to-Earn with Axie Infinity,” Buenevatura pointed out. “That being said, that’s not the only way to make money and earn an income; earn a new revenue stream for yourself in Web3. There’s so many different career paths.”u23f8To expose Filipinos to these opportunities, the Bull or Bear panelist said it is vital that theyu00a0have proper knowledgeu00a0of the technology they are dealing with. To ensure this, YGG has focused its efforts on educating the public about emerging technologies, and one attempt is partnering withu00a0Bitskwela.u23f8″We’re in the middle of a fairly lengthy crypto bear market cycle, and during that time, platforms and projects tend to be a little bit more quiet, so what we can do instead is help upskill people, like improve their understanding of this new world,” he said.u23f8Banking on gaming in flourishing the blockchain communityu23f8Recalling the early days of the digital asset industry in 2014, when the only digital currency available to Filipinos was BTC, Buenaventura said there had been significant strides in terms of accepting the sector as more than just a network where users can trade and sell digital currencies.u23f8He stressed thatu00a0gaming played a huge partu00a0in onboarding Filipinos to the blockchain and Web3 communities.u23f8″We’re now at the point where it is such a accepted kind of industry, especially for, maybe, I would say, the Gen Z folks because they’re just a lot more open to this stuff,” Buenaventura said.u23f8Explaining the roles of games in helping to grow the Philippines’ blockchain community, the YGG country manager said gaming has made it easier for Filipinos to invest in digital currencies and explore other blockchain-based applications due to their unintimidating nature.u23f8In terms of corporate blockchains, Buenaventura said that the Philippines continues to discuss, explore, and work on applications to improve businesses and enterprises but “not so much at the conference level anymore,” noting that technologies such as digital currencies,u00a0non-fungible tokensu00a0(NFTs), andu00a0decentralized finance, among others, are the kinds of tech that Filipinos need to understand more.u23f8Watch: Using blockchain tech for data integrityu23f8″,”metadata”:{“author”:”Ana Peligro”},”pluginVersion”:”5.7.1″}; |
Axie Infinity, to this day, remains a great platform for users and avid gamers to interact, earn, and simply enjoy the realm of gaming, but for some, like Yield Guild Games (YGG), the play-to-earn game served as a bridge that would help countries like the Philippines take advantage of the opportunities within Web3.
Speaking to Backstage‘s Claire Celdran on the sidelines of the Bull or Bear event in La Union, YGG Country Manager Luis Buenaventura said while P2E games have been instrumental in introducing the means to earn in Web3, the Philippines have yet to tap into the numerous opportunities the emerging technology has to offer.
“We believe that there are income opportunities in Web3 for emerging economies like the Philippines, and the first manifestation of that was Play-to-Earn with Axie Infinity,” Buenevatura pointed out. “That being said, that’s not the only way to make money and earn an income; earn a new revenue stream for yourself in Web3. There’s so many different career paths.”
To expose Filipinos to these opportunities, the Bull or Bear panelist said it is vital that they have proper knowledge of the technology they are dealing with. To ensure this, YGG has focused its efforts on educating the public about emerging technologies, and one attempt is partnering with Bitskwela.
“We’re in the middle of a fairly lengthy crypto bear market cycle, and during that time, platforms and projects tend to be a little bit more quiet, so what we can do instead is help upskill people, like improve their understanding of this new world,” he said.
Banking on gaming in flourishing the blockchain community
Recalling the early days of the digital asset industry in 2014, when the only digital currency available to Filipinos was BTC, Buenaventura said there had been significant strides in terms of accepting the sector as more than just a network where users can trade and sell digital currencies.
He stressed that gaming played a huge part in onboarding Filipinos to the blockchain and Web3 communities.
“We’re now at the point where it is such a accepted kind of industry, especially for, maybe, I would say, the Gen Z folks because they’re just a lot more open to this stuff,” Buenaventura said.
Explaining the roles of games in helping to grow the Philippines’ blockchain community, the YGG country manager said gaming has made it easier for Filipinos to invest in digital currencies and explore other blockchain-based applications due to their unintimidating nature.
In terms of corporate blockchains, Buenaventura said that the Philippines continues to discuss, explore, and work on applications to improve businesses and enterprises but “not so much at the conference level anymore,” noting that technologies such as digital currencies, non-fungible tokens (NFTs), and decentralized finance, among others, are the kinds of tech that Filipinos need to understand more.
Watch: Using blockchain tech for data integrity
New to blockchain? Check out ’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.