Web3 experts will lead a series of conversations on Nov. 21-22 as part of the YGG Web3 Games Summit at the Bonifacio Global City in Taguig. Organized by Yield Guild Games (YGG), the summit scheduled for Nov. 18-25, aims to reinforce the Philippines’ position as the center of Web3 adoption.

The YGG Web3 Games Summit will explore how Web3 is reimagining the way that gamers, athletes, artists, and content creators engage with their fans while uncovering new revenue streams.

“Digital collectibles and memorabilia can be created as verifiably rare and exclusive NFTs,” said Mench Dizon, country head of YGG Pilipinas. “It’s even possible to tokenize a sports team, an athlete, or an artist so that fans can own a direct stake, granting them voting rights, access to special events, and other unique experiences.”

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Dizon noted that Web3 is revolutionizing competitive gaming and esports by leveraging blockchain for instantaneous, transparent, and fair compensation of cash prizes earned by tournament winners. Trophies and awards are transitioning into non-transferable NFTs known as Soulbound Tokens (SBTs), offering concrete proof of an esports athlete’s achievements.

Cosplay Competition

More than 40 Web3 games and projects will also be showcased during the YGG Web3 Games Summit’s three-day expo, including Ragnarok Landverse, Pixelmon, PROJECT XENO, Parallel, HyperPlay, AuraNFT, Mighty Action Heroes, Anito Legends, MetaCene, Star Atlas, Axie Infinity: Origins, Cryptopia, CardsAhoy!, Nine Chronicles, Brilliantcrypto, Riftstorm, and Sunflower Land. 

Content creators and esports athletes will give attendees a sneak peek into their gameplay and compete in a three-day tournament for a chance to win cash prizes.

The presence of PBA player Jared “Daredevil” Dillinger is one of the highlights of the summit along with cosplayers Gelo Grayson, Kang Dupet, and Leny Ming will also be a part of the event as judges of the summit’s Cosplay Competition. The competition will see 30 Filipino cosplayers come up with their best costumes and get a chance to win the P60,000 prize pool, along with other exciting prizes such as exclusive merchandise and sponsored freebies.