London-based blockchain gaming Tribally expands in the Philippines
Tribally, a London-based blockchain gaming startup, is expanding its reach in the play-to-earn (P2E) gaming industry in the Philippines, focusing on sustainable rewards and enhanced player experiences. The company has grown since its launch in November 2023, with 70,000 active gamers by July 2024.
According to the company’s market analyst Indes, the Philippines is a key market for Tribally, with a large portion of its players, supporters, and team members coming from the country. “The Philippines has an unmatched passion for gaming in general,” Indes said. “We believe that the strong community here aligns perfectly with our vision of fostering sustainable, community-driven play-to-earn experiences.”
Innovative play-to-earn model
Tribally’s P2E model features a unique element called “wagers,” which allows players to increase their earnings while maintaining the integrity of in-game economies. By using $TRIBAL, the platform’s native token, and $USDC for wagers, players earn a commission on all wagers placed. This revenue is distributed among players, the game’s ecosystem, and Tribally’s peer-to-peer (P2P) wagering service, creating a mutually beneficial “win-win-win” setup.
David de-Vilder, CEO of Tribally, explained, “Unlike traditional P2E games, where rewards are often directly tied to in-game economies, Tribally’s wager system offers a more sustainable approach. This helps to sustain the value of rewards as more players join the ecosystem.”
Collaborations and educational initiatives
To strengthen its presence in the Philippines, Tribally has partnered with local Web3 edutech company Bitskwela to launch an on-chain gaming education program. This initiative includes online courses, educational content featuring prominent influencers, and user guides on Bitskwela’s platform, designed to equip Filipinos with knowledge and best practices for the P2E ecosystem.
Additionally, Tribally and Bitskwela will conduct a university tour in the last quarter of 2024, offering interactive gaming workshops to help students navigate the evolving world of on-chain gaming.
Jiro Reyes, CEO of Bitskwela, expressed optimism about the partnership, stating, “Tribally’s commitment to elevating Web3 gaming aligns with our mission to empower Filipinos with the knowledge and skills to thrive in this space. By providing access to both play-to-earn opportunities and educational resources, we’re helping Filipinos explore new possibilities within the Web3 space.”
