Almost a year on from our original concept of bringing film funding to web3 & Reel Finance has succesfully produced two films.
Sometimes, taking a step back to focus on the success of the core business before scaling into the unknown is the best decision. Particularly when the timing does not feel optimal.
In 2023, we borrowed over $3m and paid over 30% on the loans, which were repaid inside of 5 months, the average interest rates we pay with fees are 25% to 35% on collateralised loans.
Nothing has changed, Tradfi are still making exceptional profits from our business & from hundreds of other businesses like ours. When we initially explored the idea of a defi solution to this, opening up these lending opportunities to retail the liquidity was low & sentiment around RWA's poor.
We feel the recent shift in the industry, RWA's are being seen as the next positive move & shifting profits from tradfi to defi seems to once again be a popular narrative.
With that in mind, Reel Finance are re opening old discussions & exploring new possibilities for 2024/25.
One of our two most recent movies is on IMDB if you want to check it out, 2nd one incoming.
https://t.co/cTVpeks8Ov
@jpthor@TeamKujira@Fuzion_App
$CLAY is coming!
Holders will get an airdrop of $CLAY Holders will also get exclusive access to our token gated discord channel as we push towards the launch of our token.
At the centre of the Claytopians eco system will be $CLAY - more information regarding our token can be found in our whitepaper which we dropped in 2022.
All good things.
@cy_coleman As an RWA project ourselves seeing businesses like this successfully bringing real value to Web3 warms our hearts! We can not wait to join you! @base is looking like a very attractive proposition for $REEL 😎
Our new whitepaper is coming this week!
I saw this earlier today and thought its worth posting as there has been a lack of legit projects in the space lately. If you read one thing today read this 👇
$AQLA is already working with governments and airlines.
In the latest team update they confirmed the following:
1. They have secured "Support from two governments" focused on "upscaling their carbon credit markets" in partnership with Aqua Libre.
2. They have preliminary agreements for their CORSIA credit system (needed for issuance of the carbon credits within the aviation industry) and they already have multiple airlines interested.
I honestly think that @AQLA_Token $AQLA is going to be one of those projects that lead the way within their niche.
It just happens that their niche industry was valued at 331.8 billion U.S. dollars in 2022 & forecasted to be worth 1.6 Trillion by 2028.
You are welcome.
(These opinions are my own, this is not financial advice)
WHO WAS SATOSHI NAKAMOTO:
"It digitally signs a document using a secret (a secret file, or a secret passphrase, or both). It will decipher a document encrypted to your signature. The people you communicate with do not have, or need to have, your secret"
"What one man knows, nobody knows, what two men know, everyone knows."
This week we came to LA to meet up with some talent agents for a new film we are producing/funding.
We have also visited Las Vegas for the AFM and catching up with some sales reps regarding one of our previous films "The Partisan".
Surrounded by films is how we like it 🎥
One of our most recent feature films "The Partisan" will screen at the American Film market on 7th November.
For more information about The Partisan:
https://t.co/XHW3F7EZS1
“A generation which ignores history has no past and no future.”
- Robert Heinlein
Our latest movie "The Partisan" is based on the true life events of the Polish spy Krystyna Skarbek. Her story is absolutely astonishing.
Receiving the prescard file and seeing our name on the credits is always special, but even more so on this movie.
https://t.co/zmwLaYQBbi