 Great, welcome to Julesa news. My name is Rob and today we got a lot of things to go over First of all as the thumbnail and title suggests I think this new report from the White House is actually good and we're gonna talk about exactly why that is even though it calls for a potential ban on Proof of work, which would also turn to be Bitcoin So we'll talk about that and we'll talk about the sharp ratio for risk assessment interview with Alan Sukhlytsky from masterworks and lastly we'll do the NFT giveaway Which I promised a couple days ago, which I missed for ladies and these and do that the very end And then of course the very very end do a little Q&A. So first things first. Let's talk about this report And I was really Excited about this report and I think it was part of the reason why there was a pump in the price of Crypto, there's a couple of other factors. There's never one specific thing I know people were pretty worried about the report itself And they made a lot of a lot of talk about it I want to take a look at I go I think this makes sense and we're moving in the right direction So the first things first if you haven't watched Charles Hoskinson's response to this. It's classic. It's great Charles never disappoints. You should follow him on his channel great stuff as he talked about the report report itself it was really good and I was going to put out this video yesterday, but I had to be with the guys over there at DCA It was me ben and james and we talked about everything from what's going on as far as inflation europe Where we see bitcoin going. It's a pretty good pretty good 50 minutes long interview we went over links in the description But this is what it all comes down to this report actually excuse me this report right here Climate and energy implications of crypto assets in the u.s. I'm not going to go through it Thankfully crypto slate comm did most of the hard work for me And they pretty much just gave us the best information From the report about what's going on. So This was a report titled climate energy implications And the white house called for standards like miners using clean energy and a need for low energy Intensities this is a result of president bines executive order on crypto earlier this week I remember this was like a big news like there was a counsel President joe bines said hey, we should take a look at what's going on with crypto and and assess if it's actually going to be good or not and after so many months this was the report that we got and Opinions vary. This is just my opinion. I could be way off. I could be super wrong But there's just the way and things that I see but this is The basics of it. So the report took a step further by recommending a possible limit or ban On crypto mining if the measures don't prevent the negative impacts of crypto mining Of course what they're talking about here is the massive amount of energy use some may dispute the word of The adjective of massive, but it does use a lot of the energy. Let's just be honest So it states this should these measures prove ineffective at reducing impacts the administration should explore Executive actions and congress might consider legislation to limit or eliminate the use of high energy intensity consensus mechanisms for work For a crypto asset mining bitcoin. So that's pretty much where they went With this report and I know I can understand why people would take a look at this ago. That's pretty awful Just wait. We'll get in all this stuff About why it's not a big thing So the report also highlighted the high energy consumption of crypto mining Uh, it did state though about 0.3 of a global annual greenhouse gas emissions 0.3 Not too bad. I don't think the white house also wants electricity grid operators to ensure crypto mining doesn't affect grid stability We're already doing that in in texas. I'll talk about that in a second And then he talks about innovation and I think this is where I think this was part was missed a little bit and people kind of glanced over it This is all this is what they always wanted. This is all the sg compliance This is moving away from fossil fuels. This is going into Innovation and I think That's what it is and I know people i'm going to take a very unpopular opinion I think this is where we should be going not for Not for uh, esg compliance, but just for a little bit of regulation just to show us Or to lay it down like give us the rules So I know what the rules are so I can play the game and I can bend the rules to my whim So this is what it states the report acknowledges innovations on the parts of miners and mentions miners that are used flared And vented methane for their machines and how this is positive for the climate if you don't know for oils oil rigs When they do these to to blow these off, uh, this is just waste And uh, it is not conducive to the environment However, if you can harness that and use that for electrical capacity, especially for bitcoin mining, that's a positive And that's what they said if they can use that and it doesn't disrupt the grid So much the better And it said miners could volunteer or be required to build zero carbon energy capacity that produces more electricity Than their crypto mining facility requires. What does that mean? I'll get into that. So Here's what it comes down to There's a couple of reasons why They're not going to ban bitcoin and I'd like to say that this isn't the primary reason But I think it is what the primary reason is and it comes down to this Uh, they're making a lot of money and This is ted cruise from the great side of texas where i'm living right now We're actually vacationing in and it states ted cruise is going to is going to bat for crypto in the us This is just on september 2nd. If you don't know, uh, ted cruise is a big Proponent of uh crypto and in the bitcoin mining operation. You know why it brings money to the state It also brings a lot of jobs And when you're running for senate, those are two good things, especially in this junk Economy that we're going through. So if they can do that so much the better now Nobody really likes uh sky high electricity prices. We'll give them that a second He did state. I am proud to lead the fight of the crypto industry in the senate Texas will continue to be the center for crypto innovation and also if you take a look at the bigger picture United states is crushing it As far as for bitcoin mining operation. This is a great chart Cambridge bitcoin electricity consumption index We're going to take a look at two different things first of all the visualization of the bitcoin mining map globally And we're going to start here in august 2019 and you can see that As far as the concentration of bitcoin miners, the darker I guess this orange you would be is the more concentrated of the bitcoin miners in august 2019 not too long ago China had 75 percent. I know people didn't want to say that but it was true 75 percent russia 5 6 percent america kind of Laggards 4 percent And just watch this as we go through and you can see that the prices are not the prices the actual Concentration of bitcoin miners are changing a little bit a little bit of right around Oh here look at that From may 2021 to june 2021. What happened? Well, that was china's mistake as they banned bitcoin miners now. There's still some bitcoin mining going on In the background. We know that is to be true, but right now look what we're at 35 percent As far as the hash rate as far as june 2021 if we go forward You can see a little bit more happens in china illegally. I might add but that's whatever they want to do And the last one they have is december 2021 We're staying at almost 40 percent of the global hash rate in 2021 america doesn't want to lose this there's an electricity There's a there's a war going on between tech innovation and ai and make no mistake. It's between us And china and a couple other different countries if they want to do away with it so much the better And then if we kind of drill down in different states if we really wanted to you know, that georgia produces 30 percent Of the hash rate share of the us 30 percent Texas 11, kentucky 10 new york 9.8 percent and then Remember when i talked about as far as their grid stability. Well, guess what in this state texas and a lot of other states they do what Everybody does i think As they shut down we just had a massive a massive amount of Of climates Not climate change, but an increase in the temperature 100 degree days for Well over 30 days And that put a big tax on the electrical power grid. So what do they do? They said hey big coin miners Shut down and they said fine. We will do that Not only that They paid them to shut them down So they could stabilize the power grid And uh to really delve into that I think this is exactly what that report talked about as far as uh grid stability So if we can do that, okay So this was an article bloomberg bitcoin miner shut as texas power grid increases demand increases This is from july 11 2022. So miners such as riot Argo and core scientific Have come to the low and star state thanks to its low energy costs and liberal regulations on crypto mining Today has become one of the largest crypto mining hubs by computing power in the world And I will just say this because our electricity is so cheap and we've only gone up a little bit A lot of european countries from and correct me where i'm wrong here in the comment section But a lot of the bitcoin miners have uh have shut down because it's just too darn expensive So if we take a look at it, well, what's gonna happen? Well, they're gonna have to shut down The difficulty is going to drop and the people that I actually keep the the rigs on Unfortunately, that's good or fortunately in america. That's good. What's gonna happen And we're gonna do a lot of that bitcoin mining Now I don't think that uh america wants to lose that competitive advantage, but maybe i'm wrong But this part kind of sums it up There are over a thousand megawatts worth of bitcoin mining load that respond to urkot's conservation requests by turning off their machines Because they're of energy for the grid. This is lee bratcher president of texas blockchain council This represents an early all industrial scale bitcoin mining load in texas and allows for over one percent Of total grid capacity to be pushed back on the grid For retail and commercial use one percent So up to this point, it's sounding pretty good and i'm making a pretty rosy case For bitcoin, let's be honest, but I am I must be transparent with you. I own bitcoin everything I talk about this on the channel I'm super biased But i'm not a bitcoin maximalist And just not and there are some power. There are some problems out there that we can definitely see So especially with what this report or this article also talks about down here So don't get too happy bitcoin maxis While texas is likely to face more energy shortage in the future urkot expects crypto miners to increase electricity demand by up to six Gigawatts by mid 2023 that's more than enough to power every home in houston I gotta tell you if we keep going on that route It kind of seems a little unsustainable am I wrong? I mean it seems like and of course people say well, it's a it's an economic revolution We should put as much electricity power that we possibly can into bitcoin Here's the thing Some places can do that and I think you can drop off But I don't think there's going to be bitcoin mining globally if we still see these uh these massive increase in prices People in the comment section tell me all the time about how European nations are going, you know five seven eight ten x of natural gas electricity is going through the roof And of course winter is coming up So I just don't see how we can keep those miners in operation now We can still we can still keep miners in operation But I don't know what's going to be uh globally And then also if we take a look at the cambridge report for comparisons As far as uh production of energy, which I link this in the comments or in the descriptions You can check it out for yourself You know bitcoin for terawatt hours per year 94. That's a lot But gold is 131. Do we need a lot of that gold mining? I'm just asking because everybody asked me about bitcoin mining So I got to ask the question. Do we really need that much gold mining? Copper is 167 bitcoin down here's 95 data networks 250 paper and pulp 586 iron and steel 1233 I can see that cement three to four lighting in the us is 60 And so on so forth. So the big question then becomes ESG compliance really that's what it really comes down to ESG compliance, how can we get this number right here? Toward these big institutions, which everybody's so Hung up on to come into the space. I'm not a I'd like them to it's not a like I would would hate them, but Just remember that once the institutions come in and they more than they come in They're not here to you know Change the world. They're there to change their bank account. Really. That's what it comes down to And of course with ESG compliance This is a thing that's been harped on by kevin oliri. This is wonderful He talks about how You know bitcoin and and the usg compliance issue and they should really go to renewable energy sources and when that happens And of course more institutions will come in because they can put on their balance sheet and so on and so forth And I think it could I mean why couldn't if we have an industry that's almost half a trillion dollars Just in bitcoin alone Don't you think that they'd want to be competitive and actually be a part of this? So if they have to install, I don't know solar panels Wind sources and other different things to to make them profitable Don't you think they would do that to move forward and then everybody could be happy You could have this whole narrative the esg all the narratives that sits coming out by the white house where they want to be energy independent I think it makes a lot of sense and then there was also this This was an interesting piece that I had Had retweeted on september 7th It's about geothermal energy and there's just more options. There's more options than nuclear power And solar and winds and hydro and there's a big problem with hydro hydroelectric power as we as we see more droughts coming up But just take a listen to this and just tell me if you know, this could not be a part of reducing The bitcoin or the the consumption of power and again It's not that bitcoin consumes so much But if they can actually if the mining operations can actually make it through these different types of power So much the better then they could put it back on the grid So just take a look at listen to this about two minutes or so when we stop the screen Let me share the tab so you can actually hear it and listen to this California is bracing for a historic heatwave Texas is suffering through what may be the hottest summer on record new technology and housing aims to make homes More weather resilient and more environmentally friendly Diana Oleg joins us from just outside austin with a look at some of those technologies and how they're being implemented. Hi diana Hi contessa. Yeah, i'm standing on top of the largest ever residential geothermal grid every home in this 2000 acre development Will be heated and cooled by the system which is powered by solar So if you just travel down below your feet 30 to 40 feet, it's a constant temperature all year round 72 to 74 degrees So we want to access that because that makes the heating and cooling equipment all the more efficient Eco smart systems a subsidiary of developer torus investment holdings pumps water deep underground to access that mild temperature through the water And these are the pumps that are used to distribute the water throughout the entire geogrid A geogrid that will eventually heat and cool more than 7 000 homes Before any construction boreholes about 300 feet deep are drilled in front of every lot To circulate the temperate water to each home Thurman homes is one of the builders with the investment of a geothermal the day you move in it's going to be saving you money Just ask homeowner jennifer abba montey. We essentially have no power bills at this point The cost of a home here is about 10 000 more than a comparable home But buyers seem willing to pay and add features like a battery backup It's been really nice when we've had even minor outages to not have to worry about Things continuing to function and the recently passed Inflation reduction act is a massive windfall for commercial geothermal development tripling the tax credits The government backing also gives investors that essential certainty that they need to push this technology to a much larger scale Does it make sense? I mean look that's just one of many different options that are out there So let's take a look at that. I'm like well first of all when the reporter She came out and she said She said it was It was powered by solar. I'm like what doesn't make any sense. Maybe I'm wrong here But geothermal as I understand it says a form of energy conversion Which energy from within the earth is captured and harness for cooking bathing space heating And electrical power generation as I understand it's the deeper you go into the earth It gets a little bit hotter. So that's the whole thing with geothermal I don't know where that solar panel or the the solar comet came from the Reporter, but I just wanted to clarify that and then if we take a look As far as like Pricing and things like that. This was from climate reality Our climate reality project It talks about how will I really save money with a geothermal system? And this is going a little off topic as we take a look at our friends in europe Homeowners save 30 70 on heating and 20 to 50 on cooling costs by using geothermal heat pumps Compared to other conventional systems this translates to roughly 400 to $500 annual savings And this was this report was four years ago You could recoup the cost of a geothermal system installing installation through energy savings in as little as five years or as many as 15 or 16 And if you are in europe and you are paying 10 x the price For natural gas whatever electricity source that you're using especially as winter is coming maybe This would have been the answer retrospectively of course you know Taking a look at everything hindsight is 2020 Uh, especially if we take a look at the governments, but when we take a look at all the things we just talked about Would this not would this not Hit the requirements of what this talked about in the report The folk the report focuses primarily on establishing standards for cryptomirons and recommends several measures to limit the energy consumption Of proof of work mining will just create more electricity If they can do that especially what we just saw I think it would make a lot of sense anyhow That's what we have uh for that report. Let me just think about that in the comment section I was a bit longer. Wow, that's a way too long. Sorry and uh, let's go on to our next piece Sharp ratio and risk assessment. So real quick In our industry here, it's a little bit risky. Let's be honest It's a little volatile and that's just what it is But there is this thing called the sharp ratio measures the profit of investment that exceeds the risk-free rate per unit of standard deviation. It's calculated by taking the return of the investment Subtracting the risk-free rate and dividing this result by the investment's standard deviation and I think it's important because It's all about risk versus reward and especially what we're getting into. So like let's be honest This is not financial advice, but in crypto and digital assets It's a pretty risky sector Of investing right so if we could kind of minimize that I think it's a little bit important I think and that's why like I'm always talking about Of course diversification. I don't just invest into crypto Also a little bit of stocks mostly lands and in real estate though 10% goes to the amazon business. I also do staking itress capital and of course. Yes masterworks Which is a sponsor of the show Now you don't have to use any of the affiliate links that I have But if you do you get to skip a wait list and of course the things I talk about in the show I have skin in the game. I've got two fractionalized shares of two Great artists banks see in a basket and so far. I'm not 40% of the basket for the year So again when something goes up or when something goes down when something else to go up That's kind of how I look at my portfolio and to help us out with this The sharp ratio I invited, uh, allen succoletsky the chief investment. I nailed it chief investment officer at masterworks And the reason was because I kept getting these emails for different offers And I kept talking about the numbers of sharp ratios 0.94 versus all our mark of 0.48 and 0.55 I want to know what the heck that was talking about And then I wanted to talk about the performance to date because I got to tell you right now masterworks is uh beating traditional finance and it's crushing crypto And then lastly I want to talk about safety because we've been kind of rug pulled lately in crypto So I want to ask why did they What's the whole point with their securities and actually registering through with the sec So without further ado, this is a uh quick Quick interview about nine minutes or so with allen and I'll let him explain all those things Buddy has promised I brought somebody in who could uh help us give a little more light to what's going on with masterworks allen Chief investment officer. Thanks for thanks for coming to the show. We appreciate it. Great. Thanks for having me Yeah, so allen I've been using masterworks now for Nine months or so My first one I got uh, I picked up a bank see so i'm pretty happy about that And uh, and there's another one and I will tell you this I know nothing about art So I want to say thank you so much for you guys and all the the information that you guys bring to the table It helps me tremendously Yes here So yeah the basket. Yeah, that's what it looks. So there's a couple questions. I have first of all I've been seeing some Interesting data that you guys put out and it looks like the risk to reward ratio and especially in our market We are extremely volatile and it's important that we understand the risk reward. So we'll talk if you could talk about that and also Uh, how are the metrics looking over there at masterworks? How are everything's growing and whatnot and then also the big one? I think and I get this a lot is is safety and trust in our market Uh, there's a bit of uh difficulty with that So I want to see how we are hedging against that over there at masterworks. So the first one now Explain this as far as like the risk or reward because what I saw When I saw this email, I was like that's pretty interesting when we had to take a look at the uh This offering of 0.94 first all market 0.4 and 0.55. So what is all this? Yeah, so what what we've done is we basically We've introduced this metric For investors in in the traditional world of finance, which actually is the world that I come from That's where my career pretty much spent most of its time There's something called a sharp ratio And the sharp ratio what it does is it basically measures an investment's return or how well or how poorly it's done relative To how much risk that investment actually had and if you think about that I mean sometimes I use the following phrase. I call it, you know, it's sort of like a measure of bang for the buck In a lot of ways, right? So it's it's easy to look at an investment's return Right, did it go up or down or stay flat or whatever the case may be? But it's a little bit more nuanced and and it's often a lot more informative To use something like a sharp ratio because it tells you okay, we know how well or how poorly the investment did But how about how much risk did I need to actually take to get that performance? Right. So in other words, maybe you got a really attractive return But maybe you also had to take an Extraordinary amount of risk to get that return right that that's that's the type of information You would want to know how much risk you have to take to potentially get that return that you're getting So we've introduced the sharp ratio For a lot of the the different artist markets that we track And we basically compare it to the sharp ratio that the s and p 500 is generated And then we compare it to the s and p, uh, excuse me the sharp ratio for the overall art market, uh, as a whole And so what what we like about this metric, but we think helps investors understand is With a lot of individual artist markets, you can actually get very attractive sharp ratios in terms of their performance And you know, I'll give you one, uh, one simple example So I I mentioned I come from the traditional world of uh investment management You know, I can tell you that there are a lot of Professional hedge funds all over the world who would love to consistently hire traders Whose strategies can generate sharp ratios of close to two And yet believe it or not, there are actually quite a few artist markets that have been generating sharp ratios of close to two It's just one of those interesting things where most investors probably have never even thought about a sharp ratio for an artist market And so we're providing that information to say that a lot of these artist markets are actually quite attractive I got you. So and then when I took a look at this email and I had the I had email jack over there I said, hey, is this right because 0.94 seems pretty high. He's like, yeah Because we've also had one at 1.38 and I think a 1.4 somewhere on there as opposed to also even some that are higher than that By the way, that's that's insane. And then so this is great when I took a look at this I had to actually reach out to you guys. So I'm glad you're here to explain it to us. Yeah So the next thing would be then is Let's talk a little bit about some metrics which show the direction of where masterworks is going because I have to tell you There's a little piece of information I usually talk about which is the performance and then here to date I got to tell you and traditional finance and even in our market in crypto You guys are kind of crushing it 15 compared to the negative red numbers So what other metrics is masterworks looking at as far as growth and how they're doing? Yeah, I mean, you know the the performance since we started the business and That we had the first offering close in september of 2019 all the way through this june performance has definitely been attractive I've I've actually put on my my old traditional investment management hat and I've looked at the performance not You know, not just of the asset classes that that you showed there, but even more on top of that You could look at private equity. You could look at hedge funds You know, there are a lot of other asset classes you can add and the truth is Our performance since inception has basically eclipsed pretty much all of them So on a performance basis, we we have been doing quite well in terms of the business itself And and I think those two things of course often go hand in hand Right if we've been demonstrating since inception that we can generate attractive performance It usually means that a lot more of the investor community is becoming interested in our business So it's it's one of these things where I find that anytime I I'm invited to do an interview or presentation. I'm constantly having to look up What are our latest numbers for the amount of registered users? We actually have on our platform because those numbers are growing all the time The latest numbers I can tell you we now have more than half a million registered users on our platform Those numbers are basically growing by the thousands. It seems like every day that goes by At this point we've now We brought north of 130 paintings To the platform to make available to investors. That's totaling roughly 600 million dollars So basically the you know the the business continues to uh to chug along quite well where we're you know Broadening our outreach. There are a lot more uh investors that are becoming interested in masterworks And you know, it's one of these things where we get the question sometimes You know, given all of the challenges that are being faced in pretty much every other asset class this year How is that impacting your business? And my answer is you know, it's one of those things where If we were an asset class that was actually highly correlated to all of those other markets Then it probably would have a pretty negative impact on our business But at the same time, I think more and more investors are starting to realize wait After the last several years and everything that masterworks has demonstrated It actually does look like the art market is in fact not correlated to any other major asset class So we're getting a lot of interest, uh, even in the current market environment Oh, yeah, and I can tell you I mean even just just for for myself me myself and I I mean, I had that The basket and it was done. I think we're up almost 40 percent since I purchased uh in uh, October 2021 so coming up on roughly a year now So so not too shabby and then I mean just like what you talked about if we're going to talk about Portfolio and balance. I mean it really just comes down to the balance when something goes down You want something else to go up and vice versa? It's really about diversification and just getting out there because if you just have all your eggs in one basket I think it's a recipe for a disaster I could not agree more. Um, we we are very big on building diversified portfolios Um at any point in time if you go to our website at masterworks.io Uh, you can see a number of different investments that we have on offer and to be honest It seems like every week we're basically bringing more and more new investments to the platform So we strongly encourage investors to always consider diversifying their portfolios It's not any different from the conversations that investor might have with a financial advisor Or if they're managing their own portfolio, you know the same way that you probably don't want one stock to represent the entirety of your Equity allocation, you probably should diversify that into at least several stocks if not more than that It's the exact same story in the art market And so the the one thing that i'll uh, i'll share is that you know the the thing about our acquisitions team Which basically their their backgrounds are from the major auction houses the galleries the dealers I mean they've been involved in the art market for decades at this point as you might imagine for a company that's making art investable So all of the artworks that we bring to market ultimately that the acquisitions team Is interested in acquiring These are works of art that have that have passed our pretty extensive and rigorous Quantitative metrics process that we utilize up front to determine Who are the artists that we want to be investing in and who are the artists that we absolutely do not want to be investing in So I say this all as a way You know sometimes when investors come to the website, they might see five to ten paintings that are on offer They're trying to figure out. Well, is this one attractive is that one attractive? Everything I just said is basically my attempt at saying any painting that makes it through our screening process and onto the platform Is by by definition for us should be an attractive investment opportunity Gotcha and then just to just to bring it home This is not a get rich quick overnight type of thing We're talking about holding on to these Fractionalized shares of these fine art pieces for for quite some time, but that's really what it comes down to right? Yep, it's uh, it's definitely not an overnight get rich quick scheme Um, it's probably the farthest thing from that the the anticipated holding period For any of the paintings that we make available is let's say roughly three to seven years And so this is a multi-year hold we we always are very upfront and clear about that to investors And it's one of these things where you know the the performance that we've been generating and the performance of the art market overall It is quite attractive And so it's one of these things where you have to realize if you're interested in having that type of performance You have to be fully aware going in that this is something you're going to have to give a few years to that That's sort of the way it works to invest in the art market now to be fair um We actually have sold the truth is most of our paintings in less than three years But it's that's more an example of how we do act Opportunistically if we think it's appropriate if we get a very attractive offer for a painting that we have It's one of these things where if it's that attractive We might very seriously consider selling it even if it's under the three-year mark But once again, I want to emphasize the typical hold period is three to seven years And we want to make sure that our west investors are fully aware of that going in Right, you know what? Well, you're you're preaching the choir because on this channel We talk a lot about about this. It's it's a buy and hold is a dollar cost average It's the long haul if you're here for six months It's going to be very difficult if you have a three five ten year time horizon things tend to work out With a little bit of time. Yeah, I often like to use the phrase it's about time in the market not timing the market Right now everybody I guarantee everybody who is watching this video is laughing. Let's say that all the time this channel Yeah, perfect. So you know what so so so we we we've reached on some pretty good subjects Let's talk about the last one. I think this is probably the most important safety and trust In our market, we've had a lot of different issues that have come up. We've had a lot of rug pulls a lot of insolvency So with masterworks, how do we keep this safe and why should we trust masterworks? Yeah, I mean, you know what what I would say is In all honesty the art market historically has not always been the most transparent Um, that's just sort of a statement of fact and when we started the business And we were trying to figure out what's the best way that we can offer paintings for investors We ultimately decided to take the securitization route Which meant filing every one of our paintings as an offering with the sec Now the reason that we chose to do this is precisely because it would bring an Extraordinary amount of transparency to them to a market that as I just said has not historically always been known for Having the most amount of transparency and so Every one of our offerings literally every one if you go on our website There is a link to the sec filing on the sec's website And I often like to joke if you want to become an expert on any particular artist or particular painting by an artist Go to that sec filing that we have for that particular painting or that artist and you will get a 100-summit page document Giving you an extensive background on that artist on that painting It'll give you provenance information Which means who owned it before us who owned it before that person We are trying to bring an extraordinary amount of transparency to this market And we think that ultimately that helps it goes a long way to build trust with with our investors Excellent Alan I can't thank you enough for coming on to explain these things This is important for the investor the people out there now. This is not financial advice This is just a basic information just passing along But if you're looking for more information, there is a link in the description looks just like this And we can go over everything that we just talked about and also we did a deep dive And also a affiliate link that could take you right to Masha works. So Alan Thanks so much for stopping by my friend. Well, we appreciate it. Thanks so much for having me talk soon all right, so Thanks again, Alan for stopping by. I do appreciate it and I'll answer everybody's questions in the in the q&a And I see a lot of spicy things coming up and that will do it for that piece and now Let's do a giveaway. I think this is everybody's favorite part. So a couple of days ago Days ago, I think it was we had the team from d's and ladies come on Uh for the nft project and I I said, hey, you guys would be so kind To go to this tweet and do three things Follow news asset follow these nft and retweet The tweet itself and then we'll draw some winners. I forgot to do that yesterday. Well, because I was on the dca show so let's do it right now, huh and To make sure this is fair We'll do we'll use a Twitter picker and just so you know that the floor right now for this nft project You're looking at 0.08 each which is about 120 150 bucks somewhere around there. So we're gonna be giving away four of this project so First things first. I need the tweet url Hang with me. I can do this all right and it'll float tweet And there it is. Okay, so the winner is going to be four two three four And the profile must have a picture. Sorry. You got a picture tweet count account age You got to be over one month and the latest week should be about at least 30 days I don't want to give this away to bots because that's essentially what is mostly full of on twitter click continue Okay, this is everybody who's eligible Wow 187. That's a lot of people. So okay click continue All right, so status pending interest so we'll begin to draw right now And uh my look at that Oh, two got rejected for whatever reason. Sorry, alex and steven michael. I don't know why I did that but it did So congratulations the bunkie bunch pepo louise salguero And michael pieters peterson excellent. Let me take a screenshot of this so I can uh So all this guy's got to do is uh reach out to me on twitter at news asset. You already have an account I can tell Reach out to me and say hey, I was the winner and we'll verify that with your with your twitter account And we'll give you the information as to how to redeem Your nfts. So that will take care of Our empty giveaway now. Let's get into a little q&a. So look, I know it's a for some reason That took quite a lot of time. I don't know what that happened. So sorry about that But it's saturday. So if you got to take off, I understand get out of here. I appreciate you stopping by I really do If you like today's video thumbs up subscribe all that good stuff But now let's get into the q&a a lot. I know there's a lot of questions about masterworks And of course about electricity usage. So let's just jump right in, huh? All right q and a Let me get out of there