Editing by Nathaniel Cajuday
One of the largest professional networks, LinkedIn, introduced its first-ever list of Top Startups in the Philippines which highlights the local startups that have shown resilience in an uncertain market environment and are continuing to innovate in 2022.
Among the ten startups on the list, three have been visible in the web3 space and have been promoting web3 in general. These are PDAX, Tier One, and Kumu.
According to LinkedIn, the Philippine Digital Asset Exchange or PDAX “reflects the Filipinos’ increasing interest in exploring new frontiers in finance to diversify their investments and optimize their portfolios.” The company is joined by other homegrown tech startups and businesses that have successfully captured market opportunities amid the pandemic.
PDAX has recently added nine new cryptocurrencies, namely: Binance USD (BUSD), Pax Gold (PAXG), ApeCoin (APE), Green Metaverse Token (GMT), Green Satoshi Token (GST), Algorand (ALGO), Decentraland (MANA), The Sandbox (SAND), Gala (GALA). The company simply shows that they want their users to diversify their portfolio and in a way explore other cryptocurrencies that are available in the market. It also opened opportunities for their users to donate cryptocurrencies to non-government organizations (NGOs), charitable institutions, and foundations. (For more information, read PDAX Adds Nine New Crypto to Its App and PDAX Unveils ‘Donate Service’ for Donation Drives of NGOs)
Meanwhile, in June 2022, Tier One Entertainment, Southeast Asia’s top esports entertainment company, did their own survey about Web3 to see what their 100 million followers think about it before they invest in blockchain gaming. This survey is to compare what web3 can offer more than web2 gaming. By August, the company had launched its platform to cater to gamers who would like to be part of the team and compete in blockchain games. (For more information, read Esports Touchstone Tier One To Launch Web3 Platform and Tier One Entertainment Survey Reveals Plans to Explore NFTs, Web3)
Meanwhile, Filipino-led Social Media platform Kumu has also featured some non-fungible token (NFT) projects in the past. Its Vice President of Marketing and Head of Content KC Montero (real name: Casey Wyatt Garabato Miller) is very much vocal about his enthusiasm about web3. One of the programs that was created on the platform was Kumu NFT, which in its season ender featured a range of NFT artists from visual art, and spoken poetry to music.
Kumu is one of the organizers of the event, METAWOMAN: Meet the Woman of the Future, which was held at the Palm Drive Activity Center, Glorietta last June 29, 2022. This meetup featured various women who have ventured into Web3 through cryptocurrencies and NFTs.
These are just three of the startups featured by LinkedIn which are into the Web3 Space. While the rest of the list includes the following startups: SariSuki; Shoppertainment Live; Edamama; GrowSari; Edukasyon.ph; Peddlr; and Prosperna.
This article is published on BitPinas: PDAX, Tier One, Among LinkedIn’s Top PH Startups
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