Blockchain and NFT Market Research in the Philippines
basic introduction
Reference: https://zh.wikipedia.org/wiki/%E8%8F%B2%E5%BE%8B%E5%AE%BE
- Political system: Zongtong parliamentary system
- The current Zongtong: Ferdinand Marcos Jr., the son of the dictator Ferdinand Marcos, known as "Little Marcos"
- Official languages: Filipino, English
- Ethnicity: Visayan (33.8%), Tagalog (27.7%), Ilok (9.8%), Chinese (1.2%), others
- Religion: 88.7% Christianity, 6.0% Islam, 5.3% Other/No religion
- Currency: Philippine Peso (PHP)
- Population:
1.12亿(2022) - Capital: Manila
- Largest city: Quezon City, with a population of about 3 million
- economy:
- GDP:
3941亿USD (2021) - GDP per capita:
3548USD (2021) - So far , the government corruption problem in the Philippines is still deeply rooted, and it is also the highest in Southeast Asia. As a result, one-third of the country's population is below the poverty line, and the daily living expenses are less than one dollar.
- The poverty rate in the Philippines in 2021 will be 18.1%, and nearly 20 million people will be trapped in poverty
- Every year, about 11 million overseas workers will bring back assets from all over the world to the Philippines, with an amount of up to 25 billion U.S. dollars
- Since 2010, the political reform has been comprehensive, the economy has gradually improved, and foreign investment has been injected heavily.
- Today's economic structure in the Philippines is dominated by agriculture and industry, with particular emphasis on light industries such as food processing, textiles and garments, and electronics and automotive components .
- Major Philippine exports include semiconductors, electronics, transportation equipment, garments, copper products, petroleum products, coconut oil and fruits.
- GDP:
history:
- 1450-1520: Islamic regime colonization
- 1521: Spanish colonial period
- 1896: First Philippine Republic
- American Colonization:
- In February 1899, the United States launched the US-Philippines War and invaded the Philippines, and the new Philippine Republic collapsed.
- On March 23, 1935, American President Franklin Delano Roosevelt signed the draft Constitution of the Philippines. On November 15, 1935, the National Association of the Philippines was formally established.
- 1942-1945: Japanese colonial period
- On July 4, 1946, the Republic of the Philippines (Third Republic) became fully independent, however, the United States still retains the Junshi base in the Philippines.
- Political events:
- In 1965, Ferdinand Marcos was elected Zongtong.
- In 1969, Marcos was re-elected under the accusation of electoral fraud.
- Marcos ended martial law in 1981, but remained a dictatorship.
- After Corazon Aquino declared victory on February 25, 1986, Ferdinand Marcos was overthrown by people power geming ,
- After Corazon came to power, although he still experienced many junshizheng changes, and the economy was on the verge of collapse after Marcos stepped down, he still completed his term in the end. He resigned on June 30, 1992, and was replaced by General Fidel Valdes Ramos. take over. For the first time, the Philippines has peacefully transferred political power and achieved political party rotation.
- In May 1998, Joseph Estrada was elected Zongtong
- On January 20, 2001, Joseph Estrada was forced to step down in the second People's Power Geming due to the bribery scandal, and was succeeded by Mrs. Zongtong Arroyo.
- In 2004, Mrs. Arroyo was elected as Zongtong and successfully re-elected.
- During the 2006 Philippine Revolution , more than 5,000 people demonstrated to demand Mrs. Zongtong Arroyo step down. Mrs. Zongtong Arroyo later declared a state of emergency across the country.
- On May 10, 2010, Benigno Aquino III, the son of Corazon, defeated Joseph Estrada and was successfully elected as Zongtong. On June 30, Aquino officially took office as Zongtong for a term of six years.
- On June 30, 2022, Ferdinand Marcos Jr., the son of dictator Ferdinand Marcos , was elected to the Philippine Zongtong
Development of mobile Internet
social media
https://www.truelogic.com.ph/blog/philippine-digital-economy
- Facebook:
8385万 - YouTube:
5650万 - Facebook Messenger:
5515万 - Instagram:
1865万 - TikTok:
3596万 - LinkedIn:
1100万 - Twitter:
1050万
Blockchain and NFT adoption rates
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In a survey conducted by Finder.com, it was found that 32% of Filipinos own at least one NFT.
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Philippine Financial Institution United Bank Now Offers Crypto Custody and Trading Services
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Philippines ranks 2nd in global cryptocurrency adoption index
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NFT ownership ratio
32%ranks first in the world![]](https://img-blog.csdnimg.cn/2664c35ba12e4db69d821e668871be67.png)
Local blockchain companies and entrepreneurial projects
There are too few local blockchain and NFT-related companies or platforms in the Philippines. How did the 32% NFT ownership rate come about? It took a long time to collect the following:
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Likha, still in the public beta stage, is a decentralized NFT trading platform based on Polygon,
- https://beta.likhanft.io/collections
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Vention, a local NFT trading platform in the Philippines, has closed down? The trading market cannot be opened
- https://vention.app/
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metaversego, metaverse game: https://app.metaversego.gg/login
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NFT trading platform based on Bitgert chain :
- https://app.youngparrotnft.com/all-nfts
National policies and regulations
- The Philippines has allowed the use of cryptocurrencies as legal tender .
- Digital banks need to meet relevant qualifications
- The Central Bank of the Philippines has announced that it will stop accepting applications for crypto licenses starting next month for a period of three years. The Philippine central bank is the main regulator of the Philippine crypto industry.