Yield Guild Games Raises $1.45M for Philippine Typhoon Relief

cointelegraph.com:

Yield Guild Games (YGG) has raised $1.45 million to support people affected by December 16's Typhoon Odette in the Philippines, with nearly $1 million already dispersed to people in need.

The funding was used to purchase essential goods like medicines, power generators, and canned food, which were turned over to the Philippine Army and Navy and non-profits to distribute among affected communities.

There is still about $458,000 worth of crypto and tokens that have been donated to the relief fund but they have yet to be converted to fiat currency for deployment, according to a representative from YGG.

Our Transparency Report for Typhoon #OdettePH relief efforts is up! @yieldguild raised $1.45M and has so far disbursed a total of $992K to date. Meanwhile, our direct financial assistance program has helped 3K+ households begin to rebuild ❤️ https://t.co/GMdu8OjfxP

The Filipino division of the play-to-earn gaming guild “YGG Pilipinas” announced the relief operation a day after Typhoon Odette hit the country, quickly raising $110,000 in a number of crypto tokens including SLP, AXS, ETH, WETH, and USDC by the end of the day.

Getting close to the 6,000,000 peso ($110K) mark in crypto donations. We'll continue to raise funds all throughout the weekend while we find and assign key community leaders in each affected city. #OdettePH https://t.co/HgKjzw3h7v

YGG Pilipinas Country Manager Luis Buenaventura led the initiative. He explained to Cointelegraph that the Philippines represents the largest portion of the YGG community, so Odette was close to their hearts.

“Our community is as important to us as our core team, and many of them were either driven from their homes or have been living without running water or power for a month now,”