Web3 adoption to boost jobs, investments in PH
The adoption of Web3 could help create additional job opportunities and attract investors to the Philippines, experts say.
Web3 described as an “interation of the world wide web” has decentralization, blockchain and token-based economics capabilities is gaining popularity among gamers.
In a briefing held this week BlockSpace (BSPC) Guild Hub General Manager Jen Bilango said the growing popularity of Web3 gaming has led to increased entrepreneurial opportunities in developing countries, which is evident in the rise of guilds in the Philippines.
“With the emergence of Web3 Gaming, thousands of guilds surfaced in the Philippines. Guilds are what we believe to be the next digitally native businesses of Web3 and the communities that will drive Web3 adoption.” said Peter Ing, CEO and founder of BSPC.
According to Binance Spokesperson for the Philippines Kenneth Stern said wider Web3 adoption will make the Philippines an even more attractive investment destination for foreign firms.
Meanwhile, Yield Guild Games (YGG) Co-Founder Gabby Dizon said the Philippines can be a significant contributor in Web3 innovation.
“With measures to bolster the Web3 community and innovations within the industry, we will witness more opportunities that will impact not only organizations but also the lives of every Filipino,” Dizon said.
