Web3PH’s Q1 Wrap-Up: New Milestones and Emerging Trends

Many people believe that the Philippines has the potential to become a Web3 powerhouse.

JC Macalintal of Bitskwela, for one, said that the Philippines has already been named the social media capital of the world — and that inherent love for technology only proves that we can also be the leading country for Web3 adoption.

As we enter the second quarter of the year, it’s good to take a look back and see the new milestones the Web3 Philippines community has achieved in the year so far.

Gcash Finally Launched GCrypto and Announced Other New Features at Their FutureCast Event

After months of teasing Gcrypto, Gcash finally released the feature last month. However, note that GCash does not directly offer cryptocurrency investing through its app.

Instead, GCash payments are integrated into leading crypto platforms like PDAX and Binance. This means you can easily deposit funds from your account to a crypto exchange to buy and sell digital assets.

Besides that, GCash also announced 10 more new features in their FutureCast 2023 event last month. You can watch the video below to learn more about these new features

Bistwela and Likha were named Official Partners of GCrypto

In line with these Gcash milestones, the e-wallet has not only added new features, but it has also partnered with well-known Web3 communities and startups like Bitskwela and Likha.

Bitskwela was named as the official partner of GCrypto for their learning hub and Web3 education in Gcash’s FutureCast event.

Likha was named one of the official partners of Gcash’s Ohlala NFT Collection by Reen Barrera together with Vinyl OnVinyl.

Stanible Connects Celebrities and Fans through NFTs

Stanible is an all-in-one NFT marketplace where fans can buy exclusive digital collectibles made by their favorite artists and celebrities.

Fans have always had the tradition of collecting their idol’s memorabilia, like postcards, posters, and many more.

Stanible aims to take that tradition to the next level with NFTs to give fans true ownership of their idol’s “moments”.

Moreover, the platform was successfully introduced in the Web3 community in February during their #OneNightStan event.

Philstar Expands Its Reach with Multiverse PH

Philstar, one of the country’s leading brands in journalism, expands its reach by launching Multiverse PH, a tech-focused news site that covers Web3 topics.

This is another milestone for the whole Philippines Web3 community as this means another step forward toward mass adaptation.

https://twitter.com/J_FHG_NFT/status/1638065830788497409?s=20

Anito Legends Huge Updates

Anito Legends is a popular Filipino-made P2E auto-battler game. Just this January, they released a set of huge updates including their most awaited play-to-earn beta version and $LARO tokens.

Users can now earn $GINTO while playing the game to buy things in the game’s marketplace or exchange them to fiat.

Art Fair Philippines Celebrates Their 10th Year

Founded in 2013, Art Fair Philippines celebrates its 10th year with Art Fair 2023, their annual art event.

Art Fair Philippines is the premier platform for exhibiting and selling the best in modern and contemporary visual art from the Philippines.

They have become a major force in the art world by staying true to their goal of reflecting the lively local art scene and getting people to support Filipino artists.

Artifract and Ely Buendia’s Upcoming Music NFTs

Ely Buendia is a legendary musical icon in the country. His partnership with Artifract, an NFT platform for fine arts to release music NFTs, is a massive win for the Web3 community.

Buendia will release a special musical NFT called “Flamed Lullaby,” which will include his own original song “Hele.”

The artwork for this NFT collection draws inspiration from the memorable 2008 reunion concert of Eraserheads, where the iconic Sticker Happy Piano was set ablaze and smashed during their final performance of “With a Smile.”

The launch of Mintoo Marketplace on the PDAX app

Mintoo launched with PDAX and put the Mintoo marketplace directly on the PDAX app.

With this partnership, users of the PDAX app can now buy digital collectibles with Philippine pesos. Artists, on the other hand, can now easily launch their collections on the platform.

This makes it even easier to onboard artists and collectors alike onto Web3.

The Mega Maxi Rebranding and Trending Articles

The Mega Maxi welcomed the new year with a new look and new set of amazing web3 content. We launched the POW feature article series, conducted weekly TMM Townhall, and published Web3 career guides.

With these new pillars in our content, we aim to educate and bring more people onto Web3. We also aim to help existing community members navigate and monetize their skills in the space through our Web3 career guides.

We hope to bring more value to the space and contribute to the growing community of Web3 Philippines!

The First-Ever Philippines’ Bitcoin Island Retreat in Boracay

Coins.ph, a leading cryptocurrency exchange, and Pouch.ph, a payment gateway, partnered up to host a retreat event last month.

Boracay is the perfect place for this event, as it has been one of the first places in the Philippines to support Bitcoin payments.

As Augie Ilag, an investment partner at CMT Digital, said in one of the panels in the event, “With Boracay’s unique position as a popular tourist destination with a significant need for currency conversion, it has the potential to become a Bitcoin paradise and a model for other tourist destinations to follow.”

YGG Raises $75 Million in Venture Fund to Fuel Growth in Web3 Gaming

YGG, a well-known Filipino web3 gaming guild, has raised $75 million for its first venture fund, YGG Ventures Fund I.

They boast the support of top investors all over the world, including a16z, ParaFi Capital, Mechanism Capital, and many more.

This continues to strengthen the position of the country as a significant player in the developing web3 gaming ecosystem.

Archipelago Labs To Launch Their First Incubation Program, ALAB

Archipelago Labs, a Filipino-based startup incubator, is launching its first incubation program, ALAB, on May 15, 2023.

ALAB aims to help aspiring Filipino tech entrepreneurs by giving them the support and tools they need to turn their ideas into successful businesses.

This marks another milestone for the Web3 Philippines, as this will greatly help local innovators contribute to the advancement of Web3 technologies in the country.

Conclusion

We can’t wait to see the other milestones that the Web3 Philippines community will achieve throughout the year. The Mega Maxi team is very proud to see our local community growing and thriving.

Let’s all work together to do better this second quarter! Cheers!