Yo, hi there.

This is my second income report where I share what I’ve learned with my experiments and participation in web3 including metaverse investing, DAO participation, digital jury duty, run-to-earn, and staking.

Some Background: Last month in March I staked the minimum 100 ANT tokens required to participate as a Guardian (jury member) in Aragon Court DAO, which is a dispute resolution platform for DAOs

Results: During the second month of participating in the Aragon Court DAO, there was no activity as I was not called up for DAO jury duty. From what I can see, there were no disputes this month.

Verdict: I’m quietly bullish on the prospects of DAO tooling projects such as Aragon Court, so I will be holding for the long term and 100 tokens in ANT represents a small investment.

Some background: I received an airdrop of 400 tokens in January because of the volume I did buying and selling on OpenSea late last year as part of a vampire attack implemented by the new NFT marketplace called LooksRare.

I initially sold my airdrop of LOOKS tokens for about $5 a token. The token value shot up to about $7 but then collapsed down to $1. I then bought back in at $2 and $1 per token. Altogether this gives me 500 tokens, which I now have staked on the LooksRare platform collecting rewards in both LOOKS and WETH (wrapped ETH).

To learn more about the mechanics of earning rewards on this platform, click here.

Results:

LOOKS earned in April: 31 LOOKS

Wrapped ETH earned in April: 0.0275

I started March with 7 LOOKS in rewards and 0.006 in WETH (both earned in late February)

By the end of March, I had 42 LOOKS in rewards and 0.0337 in WETH.

So for the month of March, I collected 35 LOOKS tokens and 0.0331 in WETH.

Verdict: Gains were down this month due to a lower APR but still easy passive income during a difficult month for crypto—while also noting that the value of ETH/WETH and LOOKS are down. This is a long hold and I’m also tempted to buy more LOOKS token

Some Background: I purchased a GALA node license in January for $91,000 USD. This entitles me to receive rewards for my contribution to the network, including limited edition NFTs and Gala tokens (generated as passive income).

GALA tokens are paid on a daily basis proportional to game demand on the global server network. In other words, the more popular the game becomes through daily active gameplay, the more node owners stand to earn from their contributions.

Results: For the month of April, I received approximately 318 in GALA tokens each day and 4.8 Townstar tokens (GALA’s first game). In the future, I should get daily rewards in Matereum once that game goes live.

Also, note that it costs me $25 a month to host my virtual server to host my node.

Verdict: Steady token returns but the value of GALA and TOWN are down, down, down! This is a long-term hold (especially as I can’t sell the node license at this time). I did sell some GALA at the start of the month to buy some Solana for StepN, so that was a good move in retrospect.

Some Background: Super excited about this project and it has already radically changed my lifestyle. I have gone from a competitive athlete who only trains 5 weeks and intensively 3 weeks out from a major race such as a triathlon or half triathlon. Now I am running at least 5-6 days a week and a rest day feels like it’s costing me forgone income I could have otherwise collected.

The app itself is super easy to navigate, but if you want to maximize the game mechanics and your earnings potential, then it’s important that you understand all the features. It’s not a simple game where you hit the Start button and then run as far you can. Instead, there are layers and layers of complexity that determine how much you earn, the financial cost of exercising, and the ability to mint new shoes and sell them on the marketplace.

Results: I usually have 5-8 pairs of shoes at one time, including 1-3 uncommon shoes, so I am able to comfortably earn 35 GST most days through 30 minutes of running. This adds up to about 150-200 USD a day. Keep in mind, though, that my initial investment is about 120 Solana, which is 12,000 USD.

It’s difficult to say what my total income was for the month. With this app, you can constantly spend the GST (green satoshi token) you earn from running to upgrade and repair your shoes. Overall, I’m definitely up but I will need to do a better job of tracking spending. I have though been tracking my flipping activity as you can review below.

Verdict: It’s still earning days and I’ve placed a decent chunk of my crypto investments in this project as I want to maximize being relatively early to this web3 trend and then gradually pulling out of the project by selling shoes for Solana and then putting that Solana into De-Fi including Lido and Tulip to stake my SOL and gain staking rewards (as I mentioned in Section 5 of the last income report).

My book “How to DAO: Kickstart an LLC, crypto hedge fund, or charity from your bedroom” is available as an audio book.

I have been traveling around Thailand this month, so I’m behind on my goal to add new content to my book “The Metaverse”.

I published my first YouTube video.

(18 views so far, so a long way to go in building my YouTube profile!)