 hi everyone, probably most of you know this song called Despacita that is played non-stop at radios but i guess you didn't know anything about the Puerto Rican singer Lewis Fonzzi before that song in one year this song Despacita has made over 5.6 million euros of copyrighted royalties from YouTube and Spotify only With fanvestory you could have invested in this song before the event viral, and earn money now together with the others. My name is Birgit Karus, and I am CEO of FanVestory. Every time you hear a song played on a radio, at a concert, TV, YouTube, Spotify, this song makes money. With FanVestory, you can receive part of that money. It's a stock market for music copyrights. You can invest in songs and earn long-term copyright realities, while artists receive money upfront and increase their promotional power. We have made five projects in Estonia, and yesterday we opened Scandinavian and Baltic markets with two international projects, and they are almost sold out in 24 hours, but you can still go and buy some. We are targeting two types of artists. First, big local artists who want to go abroad, engage their international fan bases, and distribute their music overseas. Second day, we target new emerging artists, who have great talent, but they need that financial support to get their career going. The global market for music copyright is 9.6 billion euros, and CISAC has reported that the market is growing approximately 4% in a year. We have a commission-based revenue model, really simple, 10% from the raised capital and 1 euro from its transaction. We have a strong and ambitious team, who is willing to disrupt the industry. We have strong knowledge in the music industry, IT and law. In addition, we have two really famous Finnish music advisors, Yukka Immanen and Samu Haber, on board with us. In next year, we plan to go in depth to Scandinavian markets and make first pilot projects in the UK. We start from the Nordic, because many good excellent songwriters come from here. In addition to our expansion plans, we will work on a product development. We want to build a fan community system, and implement blockchain to our core functionalities. I know that probably today most of the 20,000 people say blockchain, but we don't just say it, we actually mean it, because our business model is dealing with numerous amounts of micro-aggressions. All right, Brigitte. Thanks a lot. And now, Juri, what's your verdict? Can you quickly just explain to me how it works? So if I love Despacito a year ago, does he say he want to raise a certain amount? Do I get a guaranteed percentage of the return? How does it actually work? Thank you, it's really good question. How copyrights works, it's registered somewhere, it's like 100% of a company, and now with Fanvestory you can buy it, for example, 1% of it. So whatever this 1% will make, you will get it, and we will evaluate the future song earnings based on the history of the artist. Wow, so excellent, I think this is going to do excellent, so the artist shares the profits with the fans, that's awesome. And of course, how do you see this implemented in this bigger, like Spotify and those? Is that opportunity or what's the next steps? As we are dealing with, we are connecting directly the fans and the artist, which is the future of music. Now Spotify does the same, but we can say like, if you put financial thinking to this fan, it can stream even more. So it's combined those things together, it's really strong. So from Kriandum, we've invested in a company that is called Epidemic Sound, and they provide royalty-free music for broadcasters, MCN, YouTubers, and so on. How do you view the competition around buying rights of songs from different companies? This is a good question, but this is a little bit different scene, because we are looking mostly for pop artists, EDM, all these sectors, which is a lot of streaming, a lot of radio plays, these channels that make money, because we want to share that money that is trackable. So the music industry is one of the few industries that makes venture capital look more reliable at delivering returns. For every 5,000 artists that release a song, barely one might actually make some money out of it. Do you worry you're not going to build a cycle of despondency, people who feel bitter from having invested in these rights? Thank you. This is a good worry, because what I told you is despacito has made a lot, but the fact is that actually local names who make in local language the music, they also make really good money. We have made projects with Estonian top artists, for example, Daniel Badar, Tommy Cash, they make really good money, and we have seen the track records. It's not millions, but it's thousands. Yeah, just take a look, I saw the Exigirisangu, but how much you need for the next step of growth, financial? It's my last slide, it doesn't work. We are looking for 500K, and we opened this round right now after the slush, and we are looking mostly with investors with two types of background, with music industry or the financial industry, and also the blockchain know-how, and people also not investing, but into the blockchain, and we are looking for contacts. Quick question. You are allowing people to buy and sell and trade in and out of different rights and applying ownership stake as well. Is there any sort of regulation that covers this? We are not dealing with investments, in that turn we are selling licenses and licensing fees that is regulated by the author societies. So it's a little bit, it's a niche subject that is regulated already over 100 years, but how it has been, it has been like only three parties, maximum 10, we enable there to be like 10,000 investors in one pot, so this is our innovation. Brilliant, and with that we have to end. Thank you so much Birgit.