With the implementation of ApeCoin, the popular mobile game Benji Bananas will now become a play-to-earn game. As a result, when players play the game, they will be able to earn special tokens as incentives.
Benji Banana enters the P2E game.
Animoca Brands, the game’s producer, announced the move today, adding that players will need to purchase Benji Passes in order to collect the unique tokens.
ApeCoin’s adoption has continued the token’s meteoric rise since its inception. ApeCoin was released just a few days after Yuga Labs successfully bought the intellectual property of competing NFT collections from Larva Labs.
The mobile game has over 50 million downloads on the App Store and Google Play. The story follows a monkey named Benji and his companions as they leap across the forest.
As a play-to-earn game, gamers will need the Benji Bananas Membership Pass, which will be available for purchase on the game website beginning March 17. The pass is a non-transferable token that entitles owners to exceptional prizes when they play the game. These awards can be exchanged into ApeCoin by gamers.
Is there a link between ApeCoin and Yuga Labs?
According to ApeCoin’s official website, the token has a total supply of 1 billion and will be distributed as follows: approximately 10% will be held by Yuga Labs, 14% will be given to launch contributors, 8% will be given to Yuga Labs’ four founders, and 6% will be donated to the Jane Goodall Legacy Foundation.
It was also disclosed that BAYC and MAYC holders are eligible to receive the utility token. According to available information, BAYC holders can claim up to 10,000 units of the coin for each BAYC NFT, whereas MAYC holders can claim up to 2000 coins per NFT.
The APE Foundation states that the token will be utilized for culture, gaming, and commerce.
APE is a community-controlled and built-upon token designed to support what’s next. It will serve as a decentralized protocol layer for community-led efforts that propel culture forward into the metaverse.
The price of the floor at Bored Ape is increasing.
Since ApeCoin’s introduction, the floor price of BAYC has increased by about 24 percent to 107 ETH ($297,000), while the floor price of MAYC is currently at 23.65 ETH.
The current increase has been attributed to Yuga Labs’ acquisition of Larva Labs’ CryptoPunks and Meebits IP. Apart from that, Bored Apes has formed a number of alliances with other developers in order to expand its ecosystem.
Animoca Brands, on the other hand, has been attempting to position itself as a force to be reckoned with in the gaming and metaverse sphere.
The Sandbox is the work of the Hong Kong-based firm. In December 2021, it paid 740 ETH for Bored Ape #3749. Aside from BAYC, it has also worked with K-pop agency Cube Entertainment.