Yesterday cryptocurrency exchange Coinbase announced on Twitter that it plans to create a three-part movie series featuring the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) community.
Titled the Degen Trilogy, the movie series is currently holding a casting call. BAYC NFT holders can submit their Bored Apes to make cameo appearances in the films.
Owners of Mutant Ape Yacht Club (MAYC) NFTs, a BAYC spin-off project, will have the opportunity to submit their Apes for casting in July.
“Coinbase is committed to providing creative events that reward and connect with our communities through projects that bring the ethos of Web3 to life: collaboration, transparency, and opportunity,” said Coinbase on the Degen Trilogy website. “For this project, we are celebrating one of the most iconic NFT communities by opening up participation to everyone. As the project unfolds, more communities will be celebrated and included.”
Owners of Bored Apes that are selected by the Degen Trilogy creative team to feature in the movies will receive a licensing fee of $10,000 worth of Bitcoin or Apecoin.
ApeCoin was launched last month as a governance and utility token for the BAYC and MAYC ecosystem. The token is governed by the newly formed ApeCoin DAO consisting of token holders. 15% of the total ApeCoin token supply, which is currently worth approximately $1.7 billion, was allocated to the founding company behind the NFT collections, Yuga Labs. Another 8% was allocated to the company’s founding team.
As well as movies, BAYC NFTs will also feature in video games and music. Blockchain games developer and investor, Animoca Brands, has partnered with Yuga Labs to use the NFT’s intellectual property (IP) in a play-to-earn game to launch in the second quarter of 2022. And music artist Timbaland has announced the launch of an entertainment brand, Ape-In Productions (AIP), based around BAYC NFTs.