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Philippines
GameFi Is a New Game for Southeast Asia Players
Economic conditions and widespread digital adoption have created a foundation for the region to become the global capital of the play-to-earn model.

Coinbase Blocks Russian Addresses; Philippines Plans CBDC
Coinbase blocks 25,000 Russian wallet addresses. Hong Kong’s iconic Star Ferry recreated in the metaverse. The Philippines joins a growing band of countries planning a CBDC. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Philippines Crypto Exchange PDAX Raises $50M Series B Led by Tiger Global
The exchange wants to bring crypto to the Philippines, where P2E game Axie Infinity has flourished.

UnionBank of the Philippines Picks IBM and Metaco for Crypto Custody
Leveraging IBM’s key management capabilities, Metaco’s Seamus Donoghue said there are a number of similar deals in the pipeline.

Animoca Brands Leads $18M Series A for Play-to-Earn Upstart Avocado Guild
The guild wants to empower members to participate in virtual worlds and Web 3.

Circle Invests in JPYC, Baby Shark NFTs Announced
Axie Infinity earnings drop below minimum wage level in the Philippines. USDC issuer Circle to invest in Japanese yen stablecoin. Baby Shark creator announces an NFT series. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Philippines Trials Blockchain Voting, Byron Bay to Host Crypto Mining
The Philippines looks to blockchain voting for overseas workers. Australia’s Byron Bay to host crypto mining operation. Alipay and Tencent rebrand NFTs as digital collectibles. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Some Filipino Merchants Prefer Payment in Axie’s SLP
Hoping to benefit from the success of the blockchain game, merchants in the Philippines are now accepting Axie’s Smooth Love Potion (SLP) token.

Philippines Looks to Tax Hit Blockchain Game Axie Infinity: Report
The country is the video game's leading market.
