👋Introduction

The Non-Fungible Token (NFT) industry has witnessed remarkable growth and decline in recent years. Despite the immense potential, the sector currently grapples with numerous flawed approaches, and fundamental issues that hinder the progress and adoption of NFTs and NFT projects across various domains.

Graciously provided by https://www.degenz.finance overview of Board Ape Yacht Club (BAYC) sales and volume suggests something is deeply wrong with current NFT representation.

Before diving deep into our mechanics and strategy, we will investigate the prevalent problems within the NFT industry and examine the limitations of conventional approaches in both the Web 2.0 era and the current blockchain/NFT landscape.

We don't recommend delving into the fundamental and advanced mechanics of Banana.Capital prior to checking this initial analysis as it will help you understand how our project strives to surmount most of these challenges.