Cryptocurrency

P12.5M in donations raised by PH play-to-earn guild YGG for Odette victims

Gelo Gonzales
P12.5M in donations raised by PH play-to-earn guild YGG for Odette victims

DAMAGES. Cebu City residents clean up debris in the aftermath of Typhoon Odette after its onslaught midnight of December 17, 2021.

Jacqueline Hernandez/Rappler

Yield Guild Games heads a cryptocurrency-based donation drive

A Filipino co-owned play-to-earn gaming guild, Yield Guild Games, was able to amass over P12.5 million in donations for the victims of Typhoon Odette. 

Luis Buenaventura, country manager for the guild, posted that they were able to collect P10 million by Saturday evening, December 18, with the amount growing to about P12.5 million at the time of writing.

The fundraising effort began in the morning of Friday, December 17, primarily through cryptocurrency wallets. Donations came in the form of Ethereum, Axie Infinity’s SLP and AXS, and the US dollar-backed USD Coin. Buenaventura reported an initial surge in donations when it opened, with an equivalent of around P3 million pesos raised in the first hour. 

The wallets are viewable online here and here, while the donation allocations can be seen on a Google Sheet on this link. Organizations or individuals seeking to deliver financial help can submit their cases through this link which will be reviewed by the team, as described in Buenaventura’s Facebook post here.

Yield Guild Games is a company that seeks to increase participation in blockchain games. It is most known for lending out Axie Infinity teams to players in a “scholarship” setup, where the players and the guild split earned cryptocurrencies in a 70:30 ratio, with the larger chunk going to the player.– Rappler.com

Gelo Gonzales

Gelo Gonzales is Rappler’s technology editor. He covers consumer electronics, social media, emerging tech, and video games.