> For the complete documentation index, see [llms.txt](https://docs.salientyachts.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.salientyachts.com/the-problem-we-solve.md). # The Problem We Solve ## **The challenge (Problems We Solve):** 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 (eg Memecoins) \ c. No guarantees or third party backing ## **Our Answer:** a. Our project is backed by $1MM+ REAL assets (Sailing Yachts)! \ b. Rewards from RWAs in charter give each NFT value and stability for 10+ years! \ c. Insurance on the RWA yachts means that each NFT is indirectly insured! ## Industry Problems There’s been rising interest in outdoor recreation from people looking for pandemic-safe activities, and that demand is driving consumer sales in the boating industry. Boat sales leaped to a 13-year-high in 2020. The [National Marine Manufacturers Association](https://www.nmma.org/press/article/23527) expects this boom to continue. U.S. sales of boats, marine products and services are estimated to have reached $47 billion in 2020, up 9% from the previous year. Yachts are the safest bubble for vacation and travel, whether chartered or owned. People have realized that you can control your environment and escape the pandemic with the yacht, while traveling in total comfort. Global demand for 50-60ft catamarans exceeds the supply. Lead times stretch for 3 to 5 years. Some manufactures have booked orders for up to 10 years! 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%. Add 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. **Salient Yachts plans to capture this market!** **Several Yacht Brokers are very excited about marketing our yachts**\ **Our competitive pricing will ensure quick market penetration and allow us to fill the backlogs.** --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.salientyachts.com/the-problem-we-solve.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.