Coinbase is producing a movie trilogy on Bored Ape NFTs
The animated series with BAYC NFT characters will be crowdsourced from the BAYC NFT community
Nasdaq-listed crypto exchange Coinbase announced on April 11 that it is planning to make a film trilogy dedicated to the Bored Ape Yacht Club (BAYC) NFT collection. The trilogy will be released at the launch of Coinbase’s much anticipated NFT marketplace.
The big news comes after the launch of the ApeCoin (APE) token on March 18 and the acquisition of the popular crypto project CryptoPunks by BAYC’s parent company, Yuga Labs. As per Coinbase, users will have to create a Coinbase wallet to watch these films, called ‘The Degen Trilogy’.
Coinbase confirmed the news via a tweet that said, “Definitely something. We’re creating an interactive three-part film featuring the [Bored Ape Yacht Club] & Apecoin communities. Come build with us [at] degentrilogy.com.”
As per the one37pm.com report, Bored Ape owners may submit their Bored Ape NFTs, along with a made-up backstory or description related to their Bored Ape NFT character, to degentrilogy.com. The character descriptions will be reviewed by a Hollywood casting director. If their Bored Ape NFTs are chosen, they will be featured in the adventure film series and will receive $10,000 as licensing fee paid in ApeCoin or bitcoin. The films will also feature the ApeCoin project.
With this project, Coinbase is trying to tie its new media arm, Coinbase Entertainment, into the film’s production. The media arm is led by entertainment and culture marketing director William Swann. Coinbase says, “We have an incredible group of directors, writers, and animators behind this film. We can't tell you who they are just yet, but you've seen what they've done before.”