9:30am, Weds 2nd Nov 2022, Draper Startup House My Khe Beach, Danang, Vietnam

Key Words: Passive Income, Wealth Preservation, Meetups and Conferences, Art, Social, Achievement NFTs

We have a new Discord server which will likely take over from the Slack! Here is the invite:

https://discord.gg/E8MNGhUfRQ

This week’s contents

• Introductions

• Staking and Passive Income

• Contributors needed for Danang blockchain projects

• Need a new Danang meetup!

• Ethereum Hackathons and Conferences

• Wealth preservation in difficult times

• Can you burn physical art into digital NFTs?

• Monetising life events via NFTs – Life Logging, Lens Protocol

• Try out Defi protocols, and get free NFTs for achievements

• POAP claim

• Mirror

• Glossary

Introductions

Went round the group, made brief introductions, asked if anyone has questions today, or topics to discuss? There were questions about staking and passive income.

Staking and Passive Income

Dan was with us, he is a content creator on YouTube focusing on passive income. Channel name is DanPassiveIncomeMicrocaps:

www.youtube.com/c/DanPassiveIncomeMicrocaps

We discussed potential passive income sources (this section is not financial advice, please do your own further research):

• David - Staking Ethereum on a Dappnode (32 ETH returns approx 5% per year)

• Dan - Optimus – Rebasing token - 1% per day - this is high risk, degen even!

https://www.coingecko.com/en/coins/optimus-opt3/usd#panel

Other members:

• Staking ETH with Lido, Curve, Convex (Curve LP with ETH/STETH, stake it on Convex, 7% on Ethereum mainnet)

• Staking USDC on Pool Together which is available on Eth Mainnet (expensive), Optimism & Arbitrum (cheaper), Polygon (cheap)

• Centralised exchanges (beware - not your keys, not your tokens!)

• Liquidity positions on Uniswap or other AMMs (beware impermanent loss!)

• Hive Blockchain - delegate HIVE power - get back 12 HIVE per day

Contributors needed for Danang blockchain projects

The City of Danang wants to create an NFT for tourists, like the Bali Boys (Ilya) NFT project for Bali. They may be looking for people to work on this.

Duy Tan University will be launching a cyber information safety training program, they may be looking for speakers.

Need a new Danang meetup!

This Defi Study group will come to an end next week (9th Nov) since we will not have anyone available to lead it any more. Alternative options for meetups in Danang:

• Those who come on Wednesday can still do a lunch meetup and chat about blockchain. We now have a Discord group to help organise this.

• Can we run monthly web3 events? Potential locations:

  • Esco Bar

  • Section 30

  • LANG3

  • Pama Hotel

• Go to Digital Nomads meetup every fortnight at My Casa restaurant:

  https://www.facebook.com/groups/digitalnomadsindanang/events

Ethereum Hackathons and Conferences

If you are interested, please sign up ASAP to ETH Vietnam conference, and Sozu Haus hackathon. Details below.

Sozu Haus – Hackathon 15-22 Nov, in Hoi An, Vietnam. Twitter and Registration Form:

https://mobile.twitter.com/sozuhaus

https://lu.ma/sozuvietnam

ETH Vietnam conference, 25-27 Nov in HCMC. Hackathons both before and during the event:

https://www.eth-vietnam.com/

Devcon 7 – Ethereum conference in 2023. Yesterday was the deadline for deciding location. Nha Trang, Vietnam still doing well:

https://twitter.com/EFDevcon/status/1587086922073227264

Wealth preservation in difficult times

Question from attendee: “What are the best ways of protecting your wealth during times of economic downturn, inflation, war, and climate change?”. We focused in particular on the event of a destructive war, which may be the worst case scenario. Some opinions discussed from those present:

• Assets

  • Crypto - ETH + yield, also BTC – as long as digital devices are functional and networked – as long as the internet is still working.

  • Farmland

  • Rental property (risk of property rights not being respected)

  • Gold and jewellery (risk of being seized)

  • Food (rice, products with long shelf life)

  • Keep some in cash, USD and a few more large currencies. Ideally with yield (bank / blockchain). VND can get 8.4% per year. But this is with smaller banks who have smaller balance sheets and more risk. Timo – is a bank app - lock VND for 18 months for 5%+ APR

  • Premium alcohol! High end whisky, fine art (can be difficult to find a buyer)

  • $300,000 Hermes handbag for walking wealth across a border

• General tips

  • Diversification

  • Only invest what you’re willing to lose

  • Invest into good people

  • Get a Starlink, Iridium satellite phone, prepaid, data plan, make sure internet is “always on”

  • Be first aid trained

  • Move to South America.

  • Get multiple citizenships. Research your heritage, see what you are already eligible for. Popular choices:

    • Turkey

    • Argentina

    • Some small island nation passports can be bought via investments

    • Gibraltar

Mentioned the macro commentator Peter Zeihan and his YouTube channel “Peter Zeihan on Geopolitics”, channel name ZeihanonGeopolitics:

www.youtube.com/c/ZeihanonGeopolitics

Can you burn physical art into digital NFTs?

Damian Hirst has burned $10M of artworks to “turn them into NFTs”. Group discussed whether this is a good idea, and whether digital art has the same value as the physical art which it represents, and which was destroyed in the process?

https://www.bbc.com/news/entertainment-arts-63218704

We also talked about Tascha’s Destroyed Diamond NFT, and whether the NFT of a diamond holds the same value as the original diamond itself. Although Tascha bought the diamond for $5k and sold the NFT for around $11k, which appears to vindicate her thesis that the value of the diamond transfers to the NFT, was this really due to the inherent value inside the NFT, or the hype and publicity surrounding this stunt?

https://opensea.io/assets/ethereum/0x2a9e4045185c8d778b85610ca96d79bd8ecdc720/1

Monetising life events via NFTs – Life Logging, Lens Protocol

We talked about Life Logging, where you make NFTs of everyday events. A good example of this is Ghozali Everyday NFTs, where Ghozali took a selfie every day and sold it as an NFT:

https://opensea.io/collection/ghozali-everyday

One of the best solutions for creating NFTs from everyday events is Lens Protocol. It is the backbone of many web3 social media apps, where the user owns their own data, and data is interoperable across all the protocols.

https://www.lens.xyz/

Try out Defi protocols, and get free NFTs for achievements

If you use any of the 3 sites below, you will receive an excellent education in how to use recent Defi apps, you will get NFTs representing these achievements, and those NFTs might be your entry badge into future high-value communities, or even airdrops. Highly recommended to check these out and gain many of the NFTs!

Layer 3 bounties:

https://beta.layer3.xyz/bounties

Galxe Campaigns:

https://galxe.com/campaigns

Optimism Quests:

https://app.optimism.io/quests

POAP claim

Claim a free NFT on the Gnosis chain for attending this event. You can also download the POAP app for your phone. Here is a sample claim link:

https://app.poap.xyz/claim/189sq9

Mirror

Each week we publish the meeting notes in a web3 native way using Mirror!

Glossary

POAP – Proof Of Attendance Protocol, free NFT on Gnosis chain for attending an event

OAT - Galxe OAT is similar to POAP, it is a light-weight badge standard designed for event organizers to distribute NFT badges on Polygon chain

AMM - Automatic Market Maker - holds 2 different digital assets, allowing trading in either direction on the pair - prototypical example is Uniswap

NFT - Non Fungible Token - token on a blockchain representing a unique digital asset