Yield Guild Games Raises $1.45M for Philippine Typhoon Relief

Yield Guild Games (YGG) has raised $1.45 cardinal to enactment radical affected by December 16's Typhoon Odette successful the Philippines, with astir $1 cardinal already dispersed to radical successful need.

The backing was utilized to acquisition indispensable goods similar medicines, powerfulness generators, and canned food, which were turned implicit to the Philippine Army and Navy and non-profits to administer among affected communities.

There is inactive astir $458,000 worthy of crypto and tokens that person been donated to the alleviation money but they person yet to beryllium converted to fiat currency for deployment, according to a typical from YGG.

Our Transparency Report for Typhoon #OdettePH alleviation efforts is up! @yieldguild raised $1.45M and has truthful acold disbursed a full of $992K to date. Meanwhile, our nonstop fiscal assistance programme has helped 3K+ households statesman to rebuild ❤️ https://t.co/GMdu8OjfxP

— YGGPilipinas (@YGGPilipinas) January 31, 2022

The Filipino part of the play-to-earn gaming guild “YGG Pilipinas” announced the alleviation cognition a time aft Typhoon Odette deed the country, rapidly raising $110,000 successful a fig of crypto tokens including SLP, AXS, ETH, WETH, and USDC by the extremity of the day.

Getting adjacent to the 6,000,000 peso ($110K) people successful crypto donations. We'll proceed to rise funds each passim the play portion we find and delegate cardinal assemblage leaders successful each affected city. #OdettePH https://t.co/HgKjzw3h7v

— YGGPilipinas (@YGGPilipinas) December 17, 2021

YGG Pilipinas Country Manager Luis Buenaventura led the initiative. He explained to Cointelegraph that the Philippines represents the largest information of the YGG community, truthful Odette was adjacent to their hearts.

“We’re Filipino-led; galore of the elder unit reside present successful the Philippines and so the largest information of the planetary play-to-earn assemblage is based here, which is wherefore truthful galore of the play-to-earn projects came retired to lend to the origin erstwhile they saw the grade of the typhoon damage.”

“Our assemblage is arsenic important to america arsenic our halfway team, and galore of them were either driven from their homes oregon person been surviving without moving h2o oregon powerfulness for a period now,” helium said, adding that galore unit members were surviving successful areas severely affected by the typhoon.

Aside from funds collected by the YGG community, a fig of others successful the broader Web3 assemblage besides got involved. Co-founder of NFT play-to-earn crippled Axie Infinity Jeffrey “Jihoz” Zirlin donated 1,000 AXS ($55,400) to the alleviation money connected Christmas day. He said:

“As we enactment unneurotic to assistance our brothers and sisters successful the Philippines retrieve and rebuild, we retrieve that this is what our assemblage is about."

YGG co-founder, Gabby Dizon, said that the alleviation effort showed the powerfulness and unity of the Web3 gaming community. “This is our grounds that we are much than conscionable a assemblage of gamers,” helium said.

Meanwhile, players of the play-to-earn crippled DeFi Kingdoms (DFK) besides voted to donate a full of $500,000, with the developer squad chipping successful an further $250,000.

Related: 40,000-member players guild raises $6M to marque P2E gaming easier

Since immoderate of the radical who were affected by Odette needed currency much urgently than alleviation goods, YGG besides launched an assistance task “Crypto Ayuda” to nonstop currency assistance to individuals who needed nonstop assistance.

Recent estimates assertion that Typhoon Odette affected astir 9 cardinal people, with astir 325,000 remaining displaced to date. The Typhoon damaged implicit 50,000 homes and $260 cardinal worthy of cultivation goods.