Blockchain gaming community raises $1.4M to help typhoon victims

Share This Post

Gamers united to help with the relief and rebuilding efforts for victims of typhoon Rai, also known as typhoon Odette, in the Philippines.

The Philippines, a country that’s already been struggling to get back on its feet because of COVID-19, has been hit by a catastrophic super typhoon. Back on Dec. 16, 2021, the typhoon hit landfall and went on a rampage for four days, leaving 334 cities and municipalities in a state of calamity. 

As of Jan. 1, more than 4 million individuals were either displaced or injured, with 407 dead and 88 still missing, according to the Philippines’ National Disaster Risk Reduction and Management Council.

A day after the typhoon hit the country, play-to-rarn gaming group Yield Guild Games (YGG) organized a donation drive to help the victims get relief and rebuild. 

The response was overwhelmingly positive. Gamers paused and saved to take a moment to contribute. Leading the relief efforts, YGG Philippines country manager Luis Buenaventura told Cointelegraph that with the help of the community, dona reached $1.4 million. 

“Within the first hour we had exceeded $100k, and within the first day, we were at $300k. It’s now been three weeks and donations continue to come in. As of yesterday, we’ve raised over $1.4M purely from community crypto donations,” said Buenaventura. 

Related: NFT gaming generated $2.32B in Q3 — BGA report

According to Buenaventura, their team will devote the funds to relief efforts, with groups on the ground going into affected areas to distribute food, drinking water, medicine, solar lights and power generators, as well as rebuilding.

The rebuilding initiative consists of a direct cash assistance program where the team sends fiat directly to affected households. 

Buenaventura said that they were able to reach 1,600 households and have enough resources to cover at least another 3,000. “Although that may sound like a lot, initial estimates indicate that over 55,000 homes were destroyed by the typhoon so we still have a long way to go,” he added.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Reuters: Trump Team Mulls Bitcoin Reserve—Peter Schiff Warns of ‘Wasted Billions’

According to Reuters, President-elect Donald Trump’s incoming crypto advisory council is reportedly considering establishing a strategic bitcoin reserve This idea sparked a response from

XRP Price News: Gensler’s Resignation Sparks Rally, Can Bulls Break $3.30?

The post XRP Price News: Gensler’s Resignation Sparks Rally, Can Bulls Break $330 appeared first on Coinpedia Fintech News Ripple’s XRP is up by more than eight percent at the time of writing and

Trump eyeing former CFTC chair Chris Giancarlo for White House ‘crypto czar’ role

Former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo, known as “Crypto Dad,” has emerged as the leading candidate to become the first White House “crypto

Bitcoin Barrels Close To $98,000—Is The $100K Barrier Next?

Bitcoin continues its price explosion this Thursday, hitting a new all-time high and breaking the $97,000 barrier during intra-day trading The crypto asset’s price then spiked 57%, reaching $97,811

Arthur Hayes Calls out ‘Dumb Dumbs’ Settling for Less, Promotes USDE’s 29% APY

On the heels of Coinbase revealing that Coinbase Wallet users holding USDC can now earn a 47% annual percentage yield (APY), Arthur Hayes hopped on social media to highlight the appeal of

Big Breaking: SEC Chair Gary Gensler Officially Resigns

The post Big Breaking: SEC Chair Gary Gensler Officially Resigns appeared first on Coinpedia Fintech News Gary Gensler, the Chair of the US Securities and Exchange Commission, will step down on