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I'm back for another Web3 social media earnings report. This is for July 2024, and it may be my last report. If you've been paying attention, I've gradually moved away from virtually every Web3 social media platform except for Hive and Paragraph (and the only reason I'm still on Paragraph is because it hosts my newsletter). If Hive had a bona fide newsletter publishing dapp that allowed me to send newsletters to email and wallet subscribers, I'd migrate to Hive. But it doesn't.
Without much ado, here's the report for last month.
I've had a good run with gFam. I like the platform and it has allowed me to accumulate XRP. Unfortunately, last week when I tried to repurpose my newsletter on the platform, I received a message saying my TinyMCE credits had run out. I couldn't post without paying a fee. So, I did not post to gFam last week.
Philosophically, I am not opposed to pay-to-play systems. However, with so many options available that do not require a fee to post, the proof of profit would have to be strong for me to make that investment. Given that my earnings have fallen on the platform, I'd have to think twice about it. It looks as though gFam will allow me to post this week, so it may not be an issue.
Depending on the frequency of that anomaly, I may have to say goodbye to gFam. Thankfully, at this moment, I don't have to.
My July 2024 earnings were 1.839002 XRP, which translates into $1.1960869008 USD.
July 2024 earnings (rounded down) = $1.19
Hive continues to be a mainstay even though my earnings dropped from June to July. I earned 79.127 HIVE POWER in July 2024, 3.448 HBD, and 15.299 HBD savings interest. These numbers translate into $17.1942971 USD, $3.48248 USD, and $15.45199 USD, respectively. Collectively, that equates to $36.1287671 USD.
This makes Hive still my biggest earner. However, I earned quite a bit less in July than in June. No need for crying.
July 2024 earnings (rounded down) = $36.12
I earned no MATIC in July, either from Paragraph or Readl. That's disappointing as it means no one collected any of my NFTs. Good thing I'm not sold on them, or hang my hat on them.
Publish0x is a different story, however. Despite not posting to the platform at all, I still had earnings. ETH earnings equated to 0.00000687 while OP earnings were 0.01812031. The USD equivalent for these cryptocurrencies were $0.02 for ETH and $0.03 for OP.
July 2024 earnings (rounded down) = $0.05
The day is coming when I will say goodbye to Torum and convert my XTM to something else. That day is not yet.
My July XTM earnings were 7.75, which amounts to $0.28799 USD.
July 2024 earnings (rounded down) = $0.28
I conducted more Presearch searches in July than I did in June and saw my earnings go up. I earned 1.48 PRE in July. That translates into $0.016724 USD, slightly less than my PRE earnings in June due to a decrease in PRE value.
July 2024 earnings (rounded down) = $0.01
Before I disclose my total earnings for July 2024, I want to go over my Ecency and Layer-2 token values on Hive. These are other reasons I am committed to the Hive blockchain, as opposed to other Web3 social media platforms.
I earned 1147.312 Ecency Points (EP) in July 2024. However, my end of month EP value was 638.698. Because I'm spending more time offline selling books than I do creating online content, my online production has gone down. That means less earnings overall. It also means I'm using fewer EP to promote my Hive posts, which is likely translating into less earnings, and because I'm posting less to Hive as I am to all social media accounts, I'm earning less there for that reason. These details explain why my earnings have dropped so precipitously in the last month.
My Hive Layer-2 token values have also declined in value. I've accumulated more tokens, but the token values overall have declined from about $49 USD in May to $25.84 in July. I thought we were supposed to be in a bull market.
Now, without further ado, my total USD earnings from all Web3 social media activity in July 2024 was $37.679568. That's a little more than $20 down from the previous month, June 2024.
Below is a list of Hive Layer-2 tokens that I've accumulated over the last year or so. Many of these I earned by using certain hashtags. Some were given to me as tips. Others, I have no idea how I came to possess them. At any rate, these are the tokens that are now worth about $25.84 USD.
AFIT, AIRHAWK, ALIVE, ARCHON, BBH, BEATCZ, BEE, BHT, BRO, BUDS, BUIDL, CCC, CENT, CINE, COFFEE, CTP, CURE, DEC, DHEDGE, FOODIE, FUN, HUG, HUSTLER, INK, JAHM, LARYNX, LASSECASH, LEO, LIST, LOLZ, LUV, LVL, MEME, MUSIC, NEOXAG, ONEUP, PAL, PAY, PEPE, PESOS, PGM, PHOTO, PIMP, PIZZA, POB, SBT, SCHOLAR, SCRAP, SCRIBE, SIM, SLOTHBUZZ, SPORTS, SPT, SQM, STARBITS, STEM, SWAP.HIVE, THGAMING, THIA, TIX, VKBT, VYB, WAIV, WINEX, WOO
These tokens are held in varied amounts and at various values. The largest accumulation of tokens I have is the SPORTS token. I hold 464160.619 tokens. The token I hold with the highest USD value is LEO. I hold 518.379 worth $15.272 USD.
Are you itching to learn more about Web3 social media? Check out my book on the topic, in which I discuss more than 150 platforms and protocols, explain how the technology works in simple terms, and go into detail about the benefits to creators like you.
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Allen Taylor
