GCash, recognized as the Philippines’ leading finance app and the largest cashless ecosystem, has embarked on a groundbreaking collaboration with Axie Infinity, the foremost Web3 title. This partnership aims to elevate the on-chain gaming community experience by introducing a direct on-ramp and off-ramp portal within GCash’s GCrypto feature, opening up new possibilities in the realm of blockchain technology.
Empowering the Filipino Web3 Gaming Community:
Through this strategic alliance, the Filipino Web3 gaming community gains the ability to securely transfer their cryptocurrency from the Axie ecosystem to GCrypto within the GCash app. Furthermore, users can seamlessly convert these in-game currencies into fiat money or Philippine pesos, all within the same application. GCrypto also serves as a conversion portal for other games in Sky Mavis’ Ronin ecosystem, including Pixels.
Enhancing Safety and Security Measures:
The initiative not only streamlines the conversion process but also places a strong emphasis on compliance with the most rigorous industry governance practices. New measures have been implemented to ensure the user experience is even safer and more secure, prioritizing the well-being of the gaming community.
GCash’s Vision for Blockchain Technology:
Luis Buenaventura, Head of GCrypto at GCash, expressed that this collaboration marks a significant step forward in their mission to transform the potential of blockchain technology. Beyond the conventional purchase, sale, and maintenance of cryptocurrencies, GCash aims to democratize the use of blockchain technology. The partnership with Axie Infinity and the Ronin ecosystem is instrumental in breaking down financial and technical barriers within the crypto gaming space while maintaining a steadfast commitment to user safety.
Dominance of Filipinos in Axie’s User Base:
Filipinos have emerged as a dominant force in Axie’s user base, constituting up to 50% of total users. A similar trend is observed in Pixel’s Filipino user base, establishing the Philippines as the largest geography for the game with over 170,000 daily active users.
Ronin Ecosystem’s Diverse Offerings:
The Ronin ecosystem, beyond hosting Axie Infinity and Pixels, features Katana DEX, a decentralized exchange facilitating the trading of in-game tokens directly on the blockchain. This exchange is currently utilized by various games on the network, enhancing the overall gaming experience. Sky Mavis, the creator of Axie Infinity, recently relaunched Axie Infinity Classic and introduced a merch store, aiming to introduce more individuals to Axie Infinity and attract a new generation to Web3.
Economic Freedom for the Filipino Community:
Jeff Zirlin, Co-Founder and Chief Growth Officer at Sky Mavis, expressed excitement about the partnership, acknowledging the Philippines as the heart of Web3 gaming. With over 80 million installs in the Philippines, GCash’s collaboration with Axie Infinity is expected to bring economic freedom to a massive community, simplifying the onboarding process for everyday individuals and contributing to the growth of the Web3 movement.
Conclusion:
In conclusion, the collaboration between GCash and Axie Infinity signifies a transformative step in enhancing the Web3 gaming experience for the Filipino community. This partnership not only streamlines cryptocurrency transactions within the gaming ecosystem but also places a strong emphasis on safety and compliance. As the Philippines emerges as a central hub for Web3 gaming, the strategic alliance between GCash and Axie Infinity aims to empower users, break down barriers, and foster economic freedom within the vibrant gaming community.
