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

LBank Pulse Focus Reveals Crypto’s Evolution, Bridging the Narrative with Insights

PRESS RELEASE LBank, the leading global cryptocurrency exchange, has launched LBank Pulse Focus This original content series reveals the market trend, bringing together the most influential voices to

South Korea’s crypto volumes spike as Woori eyes over $300 million Upbit exit

Woori Technology, a South Korean venture capital firm, is reportedly considering selling its stake in Dunamu, the parent company of the Upbit crypto exchange Upbit is the largest crypto trading

Ethereum Breaks Through $3,800; Higher Move Towards $4,000 Soon?

The post Ethereum Breaks Through $3,800; Higher Move Towards $4,000 Soon appeared first on Coinpedia Fintech News Ethereum has crossed the 3,800 USDT benchmark with an increase of over 6% in the past

BNB Price Surge: Upbeat Momentum Builds After $724 Breakout

BNB has taken the spotlight with a powerful surge, breaking past the critical $724 resistance level and signaling the potential for more growth This breakout has ignited bullish momentum, sparking

Smoke Leads to Discovery of Illegal Crypto Mining Setup at Poland’s University of Wrocław

A hidden cryptocurrency mining operation was discovered in the basement of the University of Wrocław, according to police spokesman Wojciech Jabłoński, as reported by tvpworldcom

XRP Poised for 20% Price Decline, Chart Signals Imminent Sell-Off

The post XRP Poised for 20% Price Decline, Chart Signals Imminent Sell-Off appeared first on Coinpedia Fintech News After a notable upside rally in the past, XRP, the native token of Ripple Labs is