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Tomorrow, First. News and intelligence for the agentic economy

Lens

Philippines

  • Regulation

    Philippines to provide residency through Oz token staking

    The Philippines is offering residency in one of its special economic zones known as ecozones with low tax rates for users staking the utility token of Oz Finance, TOTOZ.  Fast facts The residency is offered at the Freeport Area of Bataan, one of over 400 operating ecozones in the Philippines, which is located across the […]

    Monika Ghosh

  • Altcoins

    Tiger Global leads $50M round in Philippine crypto exchange

    The Philippine Digital Asset Exchange (PDAX) has raised US$50 million in a Series B funding round led by Tiger Global.  Fast facts UBX, the venture fund of UnionBank of the Philippines, Kingsway Capital, Jump Capital, U.S. blockchain payments company Ripple, among others, also participated in the round.  The funding round started in August last year […]

    Monika Ghosh

  • NFTs and Gaming

    Earnings for Axie Infinity players drop below Philippines minimum wage

    After shooting to prominence earlier in the year and bringing huge profits to early adopters, earnings for players of blockchain-based game Axie Infinity have dropped below the minimum wage line for most players in the Philippines, according to a recent report by research firm Naavik. Fast facts Using data sourced from the official website of […]

    Lachlan Keller

  • NFTs and Gaming

    Can Axie Infinity go the distance?

    The darling of the play-to-earn gaming world had an explosive start but now struggles with deflation and lower player earnings. Is the play-to-earn model sustainable?

    Lachlan Keller

  • NFTs and Gaming

    Philippines may classify Axie Infinity as a company running a payment system

    The hot play-to-earn token game Axie Infinity is under increased scrutiny from Philippines tax  authorities. The country’s central bank said it is closely monitoring how players use game tokens to decide whether to classify and regulate Axie’s parent company as an entity that runs payment systems. Fast facts The central bank, Bangko Sentral ng Pilipinas, […]

    Ningwei Qin