Introduction
Last updated
BananaClip Whitepaper
Last updated
Whitepaper V2 includes the $BANA/$MNKY dual token system, a fresh roadmap for 2025, and BananaClip's Web2 penetration plan.
Gaming and GameFi applications built with cryptocurrency integration are a significant growth area, with countless games and concepts introduced to the web3 community every day. Consequently, solutions aiming to bring blockchain gaming to the mainstream by removing obstacles are also emerging at the same breathtaking pace. Under intense competition, new platforms in this niche can succeed only if they provide tangible, distinct value to developers, gamers, and speculators. Web3 gaming, despite it's immense potential to introduce P2P economies to the gaming industry, has not yet successfully attracted players from the Web2 world.
At the forefront of this industry, BananaClip solves the most pressing problem Web3 gaming is facing through a unique and powerful solution: Seamless crypto integration for existing Web2 games.
BananaClip, a pioneering Web3 gaming hub, utilizes a unique architectural concept and provides unparalleled cost and efficiency benefits to all parties involved - whether a game creator, a crypto-native user, or a web2-only gaming enthusiast. Operating as a chain-abstraction layer compatible with multiple blockchains, BananaClip features industry-leading scalability, zero-cost transactions, and customized economic functionality for any existing game with a global audience.
Since the platform's announcement in mid-2024 and recent mainnet launch, BananaClip has achieved multiple industry-firsts, including compatibility with over 50 blockchains, live skill-based wagering, genuine Web2 accessibility, and successful integration of Cardano Native Tokens into iconic Web2 games.
Key Takeaways:
BananaClip is a gaming platform that acts as a Web3-enabled hub for existing Web2 games of various genres.
It boasts zero transaction costs, high scalability, and compatibility with most pre-existing games through the use of an underlying chain-abstraction-layer for settlement.
$BANA and $MNKY are the platform’s native utility tokens. They are used for multiple purposes, including skill-based wagering, in-game purchases, monetization, staking, governance and rewards. $BANA can be traded on Minswap and DexHunter as a ADA spot pairs, with $MNKY launching soon as BananaClip's high-thrills chance token.
Despite the industry's obsession with complex AAA titles, simple and accessible casual games remain the most popular sector by far, engaging roughly players on a regular basis – a number that grows every month. BananaClip targets the casual gaming industry directly, focusing on the multiple opportunities for innovation on the Web2 side alone. Seamless cryptocurrency integration is the rocket fuel that differentiates BananaClip even further from it's Web2 and Web3 competition.
Consider these statistics: Grand Theft Auto V, a top AAA title, has roughly monthly active players. Meanwhile, Poki games, a browser-only casual game website attracts 100 million monthly active players. CrazyGames, MiniClip, PlayNow, and countless other antiquated casual gaming hubs boast similar, GTA-humbling player counts, despite having outdated interfaces, game-ruining pop-up ads, and zero economic capabilities. With mobile compatibility coming soon for BananaClip, let's take at the even more impressive numbers in this niche. Subway Surfers, a basic casual game, boasts monthly players—over five times more than GTAV. Candy Crush goes even further with up to monthly players and in annual revenue from in-game purchases alone. Despite annihilating AAA gaming in all metrics, casual gaming has seen no true innovation in over a decade.
Gaming has rapidly transformed from a niche hobby into one of the most significant sectors in the global economy over a mere ~20 years. Currently, the gaming market generates annual revenue of , surpassing the revenue of NVIDIA, the world’s largest company by market cap, more than over. By 2027, the gaming industry's revenue is projected to exceed . Casual games comprise the largest share of this revenue. There are approximately active video gamers worldwide, representing about 40% of the global population. This figure has grown by well over in just eight years.
Meanwhile, the rise of cryptocurrency, initiated by Bitcoin in 2009, has reached a aggregate market cap of over $3.7 Trillion with daily trading volumes of . Approximately globally now own blockchain-based assets. Cryptocurrency fundamentally reimagines how humans manage value, offering sovereign and secure digital representations of any asset - in essence perfecting the ethos of the "internet".
Operating at the intersection of the booming cryptocurrency and gaming industries, BananaClip implements blockchain assets into gaming with a level of seamlessness and accessibility surpassing all previous attempts - even those by industry giants such as Nakamoto games (Polygon) and B3 Gaming (Base). 3.5 Billion gamers remain economically isolated, and BananaClip is built for one purpose: to connect them. Intrigued? Keep reading 👇
