Blockchain gaming community raises $1.4M to help typhoon victims


The Philippines, a country already struggling to recover from COVID-19, was hit by a catastrophic super typhoon. On December 16, 2021, the typhoon made landfall and raged for four days, leaving 334 cities and towns in a state of calamity.

As of January 1, more than 4 million people were displaced or injured, with 407 dead and 88 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 fundraiser to help victims get relief and rebuild.

The response has been overwhelmingly positive. The players took a break and registered to take a moment to contribute. Leading the relief efforts, YGG Philippines national director Luis Buenaventura told Cointelegraph that with help from the community, dona reached $ 1.4 million.

“In the first hour we were over $ 100,000 and the first day we were at $ 300,000. It has now been three weeks and donations continue to flow. Yesterday we raised over $ 1.4 million just through donations from the crypto community, ”said Buenaventura.

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According to Buenaventura, their team will direct the funds to relief efforts, with groups on the ground traveling to affected areas to distribute food, clean water, medicine, solar lights and electric generators, as well as to rebuild.

The reconstruction initiative is a direct cash assistance program where the team sends fiat directly to affected households.

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