We all know that Philippines is where the most active internet users are from. In fact, it still holds the throne of the "Social Media Capital Of The World" for six years straight according to cabotinc.com's Digitalization in the social media capital of the world article. Which means, Philippines has the most internet usage.
Aside from Social Media, Philippines is one of the most competitive country when it comes to video games international competitions. Just like how Filipino players won the championship gold medal in SEA Games 2019, the Bren eSports got the championship in Mobile Legends M2 competition last January 2021 and the Execration Professional Team won the championship in MSC 2021 last month.
Due to these achievements got from the Filipino players, thousands of new players wants to follow the footsteps of the Filipino Team Champions. Now, I think you already got the point in here and how we connect gaming topics to cryptocurrency mass adoption in Philippines.
Yes! Philippines also has the most awared people when it comes to cryptocurrencies topics. In fact, noise.cash and read.cash members are came from the Philippines including myself. In my perspectives, I think we occupied atleast 15%-20% of the both platform. That means, we are already in a state of adopting and already prepared for the Mass Adoption that we wished for. But the problem is, the cryptocurrencies especially Bitcoin Cash is not yet recognized by many Filipinos. Maybe just a small percentage of the whole population is Cryptocurrencies awared. Well that's for now but I think the time is coming and it's already here!
In this article, I'm going to drop some of my perspectives on how cryptocurrencies mass adoption in Philippines is come into reality. The Bitcoin Cash Mass Adoption is also 100% possible due to this.Anyway, I already dropped the other parts in the introduction above and let's just add some more.
Let's dig it!..
Recently, Axie Infinity got the attention of many Filipinos and some of here are the investors, crypto-awared, and especially the gamers. Alright, maybe you don't know what Axie Infinity is. Check this out.
What Is Axie Infinity?
Axie Infinity is a NFT-based online video game developed by Vietnamese studio by Sky Mavis, which uses Ethereum-based cryptocurrency AXS and SLP. Currently it's the most expensive NFTs collection with more than $42 million in sales in June 2021.
Now, Axie Infinity is using Ethereum-Based Token SLP or also known as Smooth Love Potion as in-game rewards for playing Axie Infinity and can be use to swap in some exchanges. Also SLP can use for breeding Axies or those Non-Fungible Token Characters in the game like this example below:
Let's spill the tea!.Here some possible reasons how Philippines can achieve cryptocurrencies Mass Adoption.
Firstly, Philippines has thousands of active players that plays popular strategy games like Clans Of Clans, Valorant, Dota2 and Mobile Legends which means, some of the Filipino players of these mentioned video games has capable of doing live streams. These players has a thousands of followers and viewers that supports them.
Secondly, Axie Infinity is also a game or strategy game than can be capable in live streams and can be entertain those viewers too like those popular once. In comparison, by playing this kind of game, they can totally earn cryptocurrency or token while they are enjoying the game. So choices for these gamers could be, which game do you prefer? Game with money to earn? Or games that waste your time and efforts? Ehemm I already know your answers..
Another thing, according to coindesk's article, Philippines is the first country on where their traffics are from and the game developers Sky Mavis said that there were 29,000 downloads from the Philippines last March 2021. Which means, they have many players here as of the moment due to the fact that , there are a lot of investors who are looking for scholarships (players) to play Axie Infinity for them. A good kind of investments for them too.
Aside from it, upon joining the Axie Infinity, you need to have DeFi Wallets like Ronin and Metamask. In this part, users of this game is already taught on how cryptocurrencies wallet works. And that's a good part that they earned awareness about these certain things.
Another most important thing is, their manager or investors that wants to have players also known as scholars is building a teams that teaches others on what they do and introduce to the new comers on how everything in the game works including the SLP in-game rewards.
Now at the time when this article was written, Axie Infinity is still gaining many users in the country.Mass adoption is now possible in here but currently for other tokens or blockchain tokens. Atleast they know now how cryptocurrencies works and that's a good thing. I'm pretty sure that the spot light for real coin will follow! Bitcoin Cash will follow!
I have question. What If someone creates a gaming project for Bitcoin Cash similar to Axie Infinity?Oppps. I hope so..
