- Project Name: Crypto Sailing Quest
- Project Track: Artistry
- Team Name: Salient Yachts
- Team Member(s): 3
- HackerEarth Project Link: HackerEarth Project
- Presentation: Salient Yachts
Hybrid tokenization is the intersection where radical forward-thinking and real-world implementation meet.
Our Project is backed by real world assets which are fully insured
Explore island living and sail on the REAL yachts in the REAL world!
You can use your NFT rewards to charter a holiday on any of our yachts in the real world at exotic locations such as Mauritius and the Caribbean.
Explore islands in the VIRTUAL world
Our 3D adventure game - Crypto Sailing Quest - While sailing near the Bermuda Triangle a storm sweeps you and your yacht into alternative reality:
*Discover treasures and artifacts in your quest to get find a way back home
*Explore a world filled with mysterious islands
*Each island has its own, individual theme and mini-quest
*Avoid traps and obstacles, fight off enemies and creatures
Sail the yachts virtually in our upcoming VR Sailing Game expansion
Users become our Boat Brokers earing commissions of NFT sales using our affiliate program.
We have global expansion plans for multiple yachts builds and construction marinas
Project Goal :
- To make innovative yacht ownership accessible to everyone around the world using NFTs and hybrid tokenization of shares, providing asset backed crypto investments with a reliable ROI through our rewards program of 12% APR generated by the IRL yachts being chartered internationally!
NFT contracts give users digital ownership of IRL Sailing Yachts,
NFTs facilitate asset liquidity in marketplaces and auctions, revenue sharing, and more.
Use of the blockchain ensures that NFT owners get direct control over their fractional shares and rewards and allows them trade and sell their shares at any time!
All transactions are transparent and verifiable by anyone on the network. Know how every NFT share and its rewards are used.
Enhanced encryption standards ensure user data and assets are protected.
Each yacht is comprehensively insured!
This effectively means that the NFT value of the tokenized shares are indirectly insured through its asset backing!
Project Website: Crypto Sailing Quest
Smart Contract links: Game NFTs
Project Test Instructions: hackatron - Google Drive
Open Google Drive link download the CryptoSailingQuest.zip file
Extract the file and run CryptoSailingQuest.exe
Connect your wallet Mint your yacht DEMO NFT
Play the game and claim your achievements!
a. Blockchain and Crypto projects often lack real world or intrinsic value.
b. Most crypto projects only have value during the hype phase and soon fade away such Axie etc
c. No guarantees or third party backing
a. Our project is backed by 50ft+ $1MM+ REAL assets!
b. Rewards from IRL charters give each NFT value and stability for 10+ years!
c. Insurance on the IRL assets means that each NFT is indirectly insured!
• Marine Engineering • Resin-Infusion Composite Engineering • Custom Stainless Steel • Mechanical & Electrical specialists • CAD Design and Rendering
i) According to the April 2021 report from Grand View Research the global yacht market—valued at $8.15 billion in 2020—is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. Meanwhile, the global yacht charter market is projected to grow from $6.83 billion in 2020 to $10.82 billion in 2027—a CAGR of 6.6%.
A total of 242 new yachts came to market in Q1 2021, 93 less than the previous year. That is a supply shortage of 39%. Adding an annual growth rate of 5% to the 242 new yachts means there will be a growing shortage of more than 12 yachts each year, compounding over the next 7 years.
ii) The industry has bottle necked due to the increased demand for 50-64ft Catamaran Yachts. Customers are divided into three market segments, namely Charter Companies, Family Leisure Adventure and High Net Worth Individuals. These customers are waiting up to 6 years to get new vessels manufactured and delivered due to fabrication backlogs, some being unable to operate or expand their business while they wait.
iii) Factors driving Yacht demand:
A growing group of YouTuber’s and social media influencers have popularized Pleasure Yacht excursions across every sea, stopping at tropical locations diving in crystal blue water.
iv) Fractional ownership is known to be a more affordable way to own a share in a yacht by reducing the operating and maintenance costs, but it’s also out of reach for the average person.
We are at the forefront of innovation by taking a Yacht Asset and fractionalizing the yacht into NFT shares. We then deploy a NFT collection based on the number of yacht shares which is then represented by each NFT. Yacht ownership is authenticated through the above NFT contract created for the asset, the Title Registration of the yacht will be added as metadata to the NFT collection once built.
The concept of fractionalization in yacht ownership is not new, but our ground-breaking solution using NFTs will revolutionize the way people buy and sell yachts through digital ownership of the asset. This will allow anyone the option to own a share in a yacht and be rewarded. Our system can be implemented to achieve worldwide mainstream adoption, providing large-scale solutions to real-world problems.
Each share is INSURED, receives REWARDS and has VOTING rights. The NFT blockchain technology allows these shares to be easily transferable and liquid, which is unheard of in the yachting industry!
A Tag 50 Catamaran: LIMITED EDITITION: Hull #2 of 2
Salient One Yacht Video- The Dream
This carbon fibre / resin composite vessel, manufactured by Vacuum Infusion, combines maximum strength with minimum weight. This catamaran, is currently a blank canvas, which represents great value and has already completed a 580 mile coastal voyage.
Our primary goal is to make yacht ownership accessible to everyone around the world. Hitherto this was unobtainable. Now it is not only available, but it is a reliable investment option. While investing in the crypto world, with its far reaching potential, you also retain the backing of a FIAT asset, which is insured.
Each yacht is comprehensively insured during manufacture against any defects or damage right up until delivery. Furthermore, Charter Yachts are also comprehensively insured during its use.
This includes damage or loss due to accidental means, including perils of the seas or other navigable waters, stranding, sinking or collision; fire, earthquake, volcanic eruption or lightning; malicious acts; piracy; explosions, contact with aircraft, theft of the entire vessel or her boat(s); theft of machinery, gear or equipment.
This effectively means that the initial value of the tokenized shares are indirectly insured through its asset backing!
Our NFT holders are rewarded a minimum of 12% APR built into the NFT Smart Contract for their share of ownership. We named this token WIND. In the same way that wind keeps the yachts sailing, driving them on to their destination, WIND will power us forward and on to success!
The buyers of the fractional tokens can vote on the asset decisions. The voting will be on matters such as buyout offers, sale offers, short or long terms leasing / charters etc.
The NFT Yachts will be used in our charter partnerships. This varies from day charter, holiday charter and even scholarship / training services. The operational costs, insurance as well as care and maintenance are all taken care of as part of the charter.
Proceeds from charters are used for WIND repurchases. Some of the tokens will be used to add liquidity to the market to increase token stability.
Some will be burned, this decreases the available supply while increases the value of the token. Some will be airdropped to NFT holders as bonus rewards.
All token repurchases, amounts, burn values, average price, etc will be published on the website.
Our community can use their WIND rewards to book charters and holidays on the charter yachts.
Website: Salient Yachts NFT
Telegram: Telegram: Contact @SalientYachts
Facebook: Salient Yachts
Discord: Salient Yachts
Smart Contracts for Demo
Game Development Initiation:
- Start of the game development with fundamental game mechanics, character locomotion, and environmental elements.
- Begin creating the game world based on the storyline and the first island.
- Videos and links for Demo to try out the game in its current development showcasing key features and in-game visuals.
First yacht “Salient One” sea trials and testing of 850nm before completion
Second yacht “Salient Two” sold outright to private charter company getting it ready to splash the seas in February 2024