Eragon, a Vietnam-headquartered global platform for developing and distributing Web3 games, is setting its sights on the rapidly growing Philippine gaming market, with a particular focus on the play-to-earn (P2E) segment, which offers rewards and enriches player experience.

Eragon’s games are showcased at the YGG Play Summit in Bonifacio Global City, Taguig, according to a statement on Friday.

Launched only in August 2024, Eragon has quickly gained traction as the top gaming platform on Aptos and ranked 17th globally in terms of unique active wallets (UAW).

With over 500,000 Web3 users, including 70,000 daily active players, the platform has facilitated over 50 million transactions and established partnerships with more than 15 game developers, positioning itself for further growth in Southeast Asia.

With headquarters in Vietnam and registration in Singapore, Eragon views the Philippines as a key market for its next phase of growth. The country’s vibrant gaming community, combined with its accelerating adoption of blockchain technologies, positions it as an ideal destination for expansion.

“With nearly 4,000 users in the Philippines, we see great potential to expand our reach in this vibrant market. The Filipino gaming community’s rapid adoption of Web3 technologies and strong community-centric culture aligns well with Eragon’s collaborative and rewards-driven ecosystem,” said Victor Thang, Founder of Eragon.

As part of its expansion strategy, Eragon aims to build an active gaming community by educating local players about Web3 and engaging them through campaigns, events, and partnerships tailored to their interests. To make Web3 gaming more accessible, the platform offers features such as Aptos Keyless Wallets and simple onboarding processes.

The company also plans to include language support and culturally relevant themes to better connect with Filipino gamers, and to collaborate with regional gaming influencers and developers to co-create content and expand its ecosystem.

“The country’s digitally engaged and gaming-savvy population presents a unique opportunity for us to meet the growing demand for Web3 gaming solutions in Southeast Asia,” Thang added.

The platform is backed by prominent industry leaders, including Aptos, a leading Layer 1 blockchain; SotaTek, a cutting-edge IT solutions provider; and VNext, a software development firm catering to Japan and other Asian markets.

Eragon has introduced eight instant games and two on-chain titles, Island Conqueror and Tap Battle. These games feature engaging player-versus-player (PvP) modes and seasonal pools with significant rewards in $APT and $EGON, which have helped drive up user participation and on-chain transactions.

New users are incentivized through pre-mint $EGON tokens (pEGON) upon creating an account. These tokens enhance the gaming experience and enable players to participate in gameplay that generates real $APT and $EGON rewards.

In addition, Eragon’s Referral Program has been highly successful, attracting thousands of gamers, key opinion leaders (KOLs), and influencers to the platform. With rewards of up to $30,000, the program has boosted engagement and fostered a vibrant community around the project.

Eragon has strategically transitioned from a B2C-focused approach to a B2B-driven model, reflecting the platform’s commitment to empowering developers, gamers, and investors through cutting-edge tools and platforms. Eragon has launched a Developer Portal, Marketplace, and Eraverse, forming the cornerstone of its B2B strategy.

Eragon’s ecosystem continues to expand, featuring a comprehensive suite of platforms designed to enhance the experience for gamers, developers, and investors alike.

Eragon also plans to complete its Seed fundraising round by Q4 2024 and launch its native token, alongside a fully integrated ecosystem, by Q1 2025. With these milestones, the platform aims to solidify its position as a leader in Web3 gaming and blockchain-powered ecosystems.

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