YGG TV: How the Philippine Public Sector Drives Web3 Education
In this episode of YGG TV, YGG Pilipinas Country Manager Luis Buenaventura and DICT Assistant Sec. Jeffrey Ian Dy talk about how the public and private sectors in the Philippines can work together.
YGG TV, dubbed “the ESPN of web3 gaming,” is the latest online show produced by Yield Guild Games (YGG) where community members can tune in to learn more about blockchain gaming, discover the latest games, and stay up to date on activities in the web3 space. John Sedano, YGG’s Community Marketing Manager, spearheads the production of YGG TV episodes, which are released every Thursday at 9 p.m. SGT.
In this episode, Luis Buenaventura and Assistant Secretary of the Philippine Department of Information and Communications Technology (DICT) Jeffrey Dy discuss the government arm’s vision for digital inclusion in the Philippines and how YGG and the DICT can work together to make the opportunities of web3 more accessible to Filipinos. Assistant Secretary (Asec.) Dy, who invites the Philippine web3 community to support the DICT’s educational initiative, ICT Academy, also spoke at the Philippine Web3 Festival and other blockchain events about the public sector’s role in promoting the growth and adoption of web3 in the country.
The following is an excerpt from this episode of YGG TV. Watch the full recording on YouTube.
Blockchain, web3, and nft gaming regulation in the Philippines in 2023, with DICT ASEC Jeff Dy
Luis (5:18): For you personally, where would you like the Philippines to be three to five years from now in terms of things like digital inclusion? What do you think your own personal targets would be?
Asec. Dy (5:31): Nowadays, there's lots of financial transactions that happen without physical cash. These are what we call cashless transactions. So as part of digital financial inclusion, we would want to see more and more Filipinos embracing cashless types of transactions. That means more trust in the financial digital transaction system as well.
Luis (5:57): Regarding the potential job opportunities that web3 and the Metaverse could bring for Filipinos, do you have anything in mind on how you could support such alternative work?
Asec. Dy (6:19): One is that we're inviting everyone, especially you guys, to form your industry associations so that you can support us. The government does not have a monopoly of information, knowledge and expertise. So especially in this field, we need the help of the private sector. I would like to see the government as more of an enabler while the private sector is the doer. Because in terms of numbers, you’re more than the government. Plus, you're more exposed to what people really need. And we want your support — we need your support.
We're building an ICT Academy in Valenzuela. We have a 2.4 hectare facility there. Apart from cybersecurity, I would like to invite your industry experts and associations to also help us build a curriculum targeting basic and intermediate skills with regards to web3, blockchain and cryptocurrency. And please join us and help us in building this learning ecosystem in our ICT Academy.
Luis (7:29): Wonderful. The next few months will determine the fate of the crypto industry. There are both good and bad sides to regulating a technology that is designed to be decentralized. So how far are we willing to bend? At this point, education is our strongest weapon. 2023 will possibly be a landmark for regulation worldwide. Mass adoption will continue, of course, as more real-world applications like crypto and web3 games come about. And it is undeniable that the Philippines will be at its helm.
You can watch the full episode on the Yield Guild Games YouTube channel.
Follow Luis and Assistant Secretary Jeffrey Dy for updates on YGG and the web3 gaming space.
You can also follow the DICT PH Twitter for updates on their continued work with YGG and the greater Philippine web3 community.
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