Philippine Web3 Festival Donates P1 million to Foundation 

POPULAR POST Marks 10th Anniversary with 10% Rewards on USDC

To celebrate’s 10th year as the Philippines' leading crypto platform, the exchange is giving users 10% rewards on USDC this February under its...

No NFT, No Entry – How Stanible got into...

Editor's Note: This is an op-ed from Stanible founder Harry Santos on the trials and tribulations of onboarding the general public and making them...

Empowering the Future: Web3PH Hosts Gathering for Tech Leaders

 In a groundbreaking initiative to propel the nation into the digital forefront, Web3PH, in collaboration with the Department of Information and Communications Technology (DICT)...

Superteam Philippines Accelerates Web3 Journey with Grand Launch Event

Superteam, the distributed talent layer of the Solana Ecosystem, officially launches its operations in the Philippines with a dynamic event at the Marquis Events...

Filipino gamers can win exciting rewards from Aura and...

Filipino gamers are offered fun and unique opportunities as Singapore-based Web3 gaming platform Aura has partnered with Web3 game The Red Village. Aura, the exclusive...

Web3 focused Metasports.GG holds industry screening for ‘GG The...

GG The Movie revolves around Seth, an aspiring professional esports player, who navigates the Philippine stigma and challenges in trying to achieve that goal.

Philippine Web3 Festival co-hosts Yield Guild Games (YGG) and BlockchainSpace (BSPC) donated P1 million to the Foundation to help Filipinos tap earning opportunities in web3 while advancing education, art and technology in the Philippines.

The hugely successful event was held last Nov. 14 to 18 at the Bonifacio Global City, Metro Manila.

The fund will be used for training programs that will allow individuals to find work in the creative industry, whether in music, audio engineering, podcasts, design or illustration, according to YGG and BSPC.

Filipino artist Allan Pineda, popularly known as of the multi-Grammy Award-winning music group Black Eyed Peas (BEP), founded the Foundation in 2012 to empower Filipino youth and communities. 

Pineda accepted the donation on following a fireside chat with Director of Emfarsis, Leah Callon-Butler, titled “How Filipino Creators Will Take on the World.” During the talk, Pineda talked about the importance of pursuing creativity and how he sees the Philippines now being primed to support such passion economically.

“I heard horrible stories about Filipinos creating logos for companies but they only get paid $20 to $30 because they’re not known as artists,” said Pineda, who traveled across the Philippines in 2018 to meet with local creators and launched a scholarship program to teach them about entrepreneurship and business. 

“I realized that Filipinos weren’t being judged by their creative talent, they were judged by where they’re from,” he said.

He said web3 protects creators’ work from being copied or stolen, and gives them access to the global economy, “so they can explore much more.”

“The possibilities are endless with technology and we have to grow this industry in the Philippines because it is a new era for us,” he said.

At the Philippine Web3 Festival, Pineda performed two songs live: Bebot, a song from the BEP 2005 album, Monkey Business, which was written by Pineda and rapped entirely in Filipino, and Filipina Queen, from the BEP’s latest album, ELEVATION, released on Nov. 11, 2022.

As an advocate for Filipino creativity, Pineda has consistently used his global personal brand to showcase Filipino culture to the world. In 2021, he collaborated with Filipino artist AJ Dimarucot to launch an NFT collection, donating a portion of the proceeds to the First Mint Fund, which provides finance and education to Southeast Asian creators to help them mint their first NFT.

“Apl’s efforts in charity and empowering artists resonates with what web3 is doing for creators here in the Philippines and all over the world. Our donation to the Foundation is just one step to enable more talent to discover web3 and benefit from the possibilities of this digital economy,” said Gabby Dizon, co-founder of YGG.

“This week has been a celebration of talent and creativity for web3. We are glad that understands and supports the vision that we have for web3, especially on how it can empower creatives,” said Peter Ing, founder of BlockchainSpace.

To date, BSPC enables over 24,000 Guilds and two million players to scale in the Metaverse, successfully managing and growing their communities

The festival was the first and biggest week-long event showcasing the future of web3 in the country. Co-hosted by YGG and BSPC with support from Infinity Ventures Crypto and Emfarsis, a variety of crypto projects, web3 games, guilds and VCs from all over the world convened to the epicenter of web3 adoption, the Philippines. 

The event was co-presented by GCash, Globe and MetaverseGo, as well as supported by Binance, Polygon, Huawei, Angkas, XPLA, MetaCene, MixMarvel, Rangers Protocol, BNB Chain and XY Finance.

Subscribe to our newsletter

Its easy to be smart about crypto, allow us to send you weekly updates on digital assets, crypto, NFTs and fintech.