 Great welcome visual asset news. My name is Rob and today I want to talk to you about is my trip down to New York as I stepped foot in the so on a store I'm gonna talk to you exactly what they're doing over there as they're bringing adoption through education I got to tell you I think it's a step in the right direction. I'll also tell you about some some pitfalls that are going on and Everything in between so first things first. Let's just take a look at exactly what is going on the market now I don't want to spend a lot of time on the markets I've decided that it's I mean if it's if there's something important I will but just so you know markets down NASDAQ is down S&P is down Everything's down pretty much across the board But I will say that there is one person that continues to buy and that's will number three well number three This is the old address links in description One p5z you can find this on bid info charts and around July 21st or so they pretty much just transferred Everything over July 20th someone on there and now will number three or wall number three you want to call it They as you can see have been doing Just buying since around that that June July date period and they've they have only sold on July 26th 28th But along this time as it's been going down and down and down the price of Bitcoin They're buying up a pretty massive amount 320 here on August August 16th 320 548 August 19th and so on and so forth. So this Yeah, I'm this is not financial advice But if I'm looking at these things, this is how people get rich money isn't made in the bull markets It's made in the bear markets when no one wants to touch this because they're afraid of what's going on And that's pretty much exactly how I made all my money in the last The last bear market so that's what's going on the markets itself And then just as a refresher don't forget that as one thing goes down You want another part to go up. So if you're looking on housing or crypto or or markets You always want things to balance out and that's why I talk about masterworks. Just you know, I've got to this is of course Investing in the fractional eyes shares of fine art. I have a Banksy and a basket. Yeah, again, these are shares I don't know the whole thing. I'm not a not a multi multi billionaire But it's works out pretty well And then since October since I bought both of those paintings or more specifically the basket yet I'm up about 40% and just so you know year-over-year or annualized returns masterworks has done And actually it's an outperformed Russell Nasdaq S&P and the crypto market and year-to-date about 15% And why is that it's because like I've always talked about rich people are crazy They don't care how the market goes they want to buy fine art and this is Banksy in the original a portrait was 1.4 million and of course after it shredded itself that's 25.4 million Why who knows because people love art also just so you know that these are registered with the SEC as these are Securities so you don't have to worry about all those problems Here's all the documents if you want to take a deep dive and the video and just sign up There's a link in the description looks just like this and you can have at it now again You don't have to use the affiliate link. That's fine. You can go right to masterworks But this is what I am doing as far as diversification. All right, so that takes care of the markets itself now let's talk about the New York experience and I honestly had no idea I was actually in this area I was just walking around Me and my wife and a couple of friends went to New York for the US Open and we're just hanging around downtown And I just looked this I'm like wow, holy Michael. Holy s. This is the salon store I should probably step in there and this is essentially what it looks like very nice I mean all the stores in New York very nice that right there as a gentleman that helped me that is Cameron and When I walked in the store, it's pretty funny. He goes can I help you? I go? Yeah, just looking around he goes. Do you know what these things are? I was like, yeah I mean I follow him and he goes. Yeah, I know who you are And I was like shoot. Maybe this is probably maybe caught the videos of where I was bashing on Solana and how it Has DDoS attacks and how it kind of comes down every so often. So I was like, yeah, that's me So we're talking about it very nice guy though Cameron show me around of what's going on So here was here was the whole spiel about how this all works. You walk into the store He's like this is Solana and I and I asked him the question I go, how do you deal with this because like for me? I mean, we know what's going on But for the for the more the majority of people that come in what happens and he goes Yeah, it's very simple they come in they go what is this and we talk about what Solana is and what crypto is and web 3 vs. Web 2 and then it's just better to show everybody. So the first thing he did is he said I'm just gonna take you down down the trip Now I didn't do the whole Experience like how you would take a person down because it took about 10 minutes and we were in a rush of time But this is essentially what Cameron showed me. It was very simple He goes take your phone out took my phone out And he said because there's some spotty reception The first thing we're gonna do is we're gonna connect to the kiosk as far as the internet So you can have some good Wi-Fi. So I scanned The qr code which is what a lot of people are used to these days because of Coronavirus as we would scan all the menus. So I scanned that got into The the store Wi-Fi. He goes great Now I want you to scan this code and of course that downloaded the phantom wallet great So again, you have to understand that what he's doing is he's taking people through the process So they understand, you know, how this all works and why to do it and things like that So great. So I have a phantom wallet which I didn't have in my phone for some reason I actually just only out of my computer and So he said, okay, here's what we're gonna do We're gonna come over here and the first thing we're gonna do is we're gonna make NFT and we're gonna take a picture and I'm gonna send it to your your wallet and I'm like, all right sounds good So this is me and Cameron and I took a picture and then of course Once this all went through I was asking my go Hey, man, what's up with that? With that phone that you guys are doing is actually gonna come through and he goes, yeah That's gonna come through I go. Well, is it is it gonna happen? He said, yeah Q1 2023 and he said it like as If it was fact I was like, okay. Well, that's it. He goes. Yeah, we you know, we're going to go through It's on an Android device It's gonna cost about a X amount of dollars didn't seem like an exorbitant amount he said we'll have everything that'll you know go from web 2 to web 3 and It'll be a blockchain phone essentially I go great and that's really gonna happen He goes, yeah, we have it. I was like, hmm. Well, if that is true, I took a look at it It looks like a normal average phone So we'll see if this is the next great adoption process I just was surprised just how how adamant everybody was there about it and they like, yeah It's just that's just a foregone conclusion. So we'll see if that happens but anyhow back to the the NFT process so we're here and Took a picture and what he did he says okay now what I'm gonna do is I'm gonna send that to your phantom wallet and of course bam There it was there's me and Cameron looking looking into nothing and he walked me through the whole process He goes, okay, so we're all about NFTs here and there was two or three more different QR codes we could scan so we can get free NFTs and along that way He talked about if you want to buy anything in the store and of course as we minted these things It didn't really cost anything at all. He goes as we go to the store you can actually purchase everything at 50% off for anything that's Like in in real life like they had stickers and they had t-shirts and you know just goofy merch like that So that was essentially how it was just going through the whole process and I thought about it And it was interesting to get people into That whole process of understanding what NFTs and minting them and and realizing that it doesn't take you know cost And I'm gonna let you be doing through a theorem and I was with my wife and a couple of friends No, I'm like do you guys want to do this to like why? why would we want to do this this doesn't make any sense to us and I was gonna bring him in a Cameron and I was like, yeah, that doesn't make sense because I mean Maybe they don't really get the whole process of what is going on But then I remembered something and this is if we're taking a look at NFTs and Why we need them this kind of came up as I was going through this whole process because there's gonna be people like me who get into it There's gonna be people like friends of mine and my wife who like I don't understand this makes no sense to me but it really comes down to functionality and This is brings me back to my day when everybody went through the internet. They're like, why do I need email? Why do I need I can just pick up the phone? Heart a landline and I can call somebody and tell them exactly what's going on Why would I need to send them an email does make any sense to me? This was the real thought process and it's the same thing. I think with NFTs. Why would I need an FC? This is just a goofy picture. There's absolutely nothing With Salana doing these things at the Kia store itself I thought it was interesting because now they can start to see just how easy an NFT is and not just the goofy pictures and they had They had D gen Ape Academy all across the board and then we're talking about and it was great But first of all, it was cheap second of all It was very fast and then when I took a look at if you think about what NFTs are it's not just about these Goofy gifts or gypsies or everyone a column really if you take a look at NFTs This is the whole process itself I mean, these are the things that we were gonna use in the future and we're gonna need a chain like a Solana Like a Cardano Like an avalanche like a polka dot like an Ethereum if they ever, you know get the sharding and all that stuff and they can drop the fees This is what we're gonna be using these things for digital IDs Tickets digital artwork. We already have proof of achievement and skills pictures profiles domains and usernames intellectual property Counterfeit protection emails and messes medical records voting Memberships for digital access content rights degrees diplomas legal documents and I mean everything you could think of as what we're gonna need So when I think about right now, like what are we doing as NFTs? Like I don't get it honestly as far as like the NFTs and Cameron was was talking to me is like well You know if you meant these these NFTs here then of course later down the road It'll give you access to further functionality and utility and and all these things and and again for a person Looking down that way. It's not gonna It's not I don't think it's gonna really sink in for everybody But I think if you played out like this in the future, we're gonna need these NFTs to do a lot of different things I think that's where the home run is and the education and just by them having that Physical store and walking through it and just having people just go here's I'll answer your question Here's what it is. Here's what it is. I think that's the route to adoption, which is just a bunch of Education and explaining why this is the new thing and that's just my thought process there So there is that part, but then there was also this other Thing in the back of my mind which which talks about, you know, Solana and I know people are Going to of course There's some people love Solana some people love Cardano and there's some people love Ethereum and they're gonna say well Solana you know breaks down and and there's their slowdowns and yes, that's true and Ethereum is high transit. Yes, that's that's also true. All these things are very true However, when I was taking a look at I'm like, what's what's perfect in the beginning and I'm not talking about the Ecosystems the ecosystems that are built on Solana or that are built on Cardano or built on avalanche Those are susceptible to hacks and frauds and things like that. That's the ecosystem. It's the main chain So we're just talking about the main chain not the ecosystem We have to be fair about all that so what I want to take a look at was well What's the cost and what's the transactions per second and all those things that people talk about and there's a couple of different websites explorer dot Solana comm and you can see right here that we take a look at transactions per second you're looking at right now as today pretty 200 and That's pretty good. I can see there's a TPS history average ping time So and so forth great. And also if we take a look at Solana Beach And what I'm looking for here is just again the same thing if we're looking at Transactions per seconds circling supply current TPS 32 34. Okay, it's about the same And then also my question then was well, how cheap is it? So if we take a look at transactions He'll bring it up right here These are all just happened a lot of 30 seconds ago. You're looking at points. I mean really nothing Let's be honest point zero zero zero five right now one salon is $30. So that's fractions of a penny across the board so that knocks off two questions transactions per second and Cost for transactions pretty nice. However, there are some things lingering in my mind that I think about and we answer this question here and the Cardano ghost chain spreadsheet or Google file and one of the things that was brought up was well, you know with Ethereum they have as far as like transactions they do quite a bit and This one right here says on some July 31st transaction count one million one hundred fifty thousand And Cardano only had ninety one thousand but then this is through Misari You can take a look at the adjusted transaction volume This is the estimated on-chain transaction volume for the past 24 hours adjusted try and remove some types of non Economic transactions, you know signing things back and forth wash trading or whatever or just just bots moving back and forth Just to seem like there's a lot of transaction volume And if you do that in Misari, you can definitely see here There's a difference Ethereum the same day you had just a transaction volume was one point five two billion dollars worth of transaction volume and The same day there was seven point eight billion dollars with the transaction volume on Cardano, and you can verify again all this there's links on this spreadsheet or on this Slide show there's also links in the description you can check out and one thing they did concern me I mean we just saw a transaction per second. We just saw the fees but if I take a look at Misari and The same way that I could take a look here through Misari and find all the all the Transaction volumes and adjust the transaction volumes with Solana Doesn't really have it there So I don't know if that's just they're catching up or what exactly is happening as opposed to Ethereum Which has all the on-chain data, but again on-chain didn't can be manipulated and that is Is one of the things that concerns me, but to sum it all up. I Think of the step in the right direction and we'll see which one it is I don't know which one's gonna make it. I don't really care I just try to invest into as many as I think that could do well And then as time moves on and we see which one pulls ahead I will go with that one and that's it because I'm just an investor anyhow Let me just think about that in the comment section and that does it for today. So today now we're doing a little something different Usually we do a live stream, but I want to try is I want to try to do this In a in a recorded fashion. I am live in the chats You've seen me already and now what's gonna happen is we're going to go through the Q&A and to do the Q&A What I want to do was just do what's called a redirect and this might actually work I'm not for sure. We're going to see how it all works out. So to redirect if you have things turned on It'll just redirect you right after this show and we can go into it. However You see that of course, I'm in the in the comment section here and if this is just a live premiere So if you want to go to the Q&A and you have the autoplay is on it'll automatically We would redirect if your autoplay is off very simple all you got to do is just click on the video that comes up right here And uh, whatever I say and and then we'll go to the Q&A And I'll answer all your questions the best of my ability It's just a way to to break things up and make things a little bit more concise So that's it for today So if you like the video thumbs up and subscribe about good stuff If not coming over to the Q&A ask me any questions you want to it's going to happen right now