The popular non-fungible token (NFT) project Bored Ape Yacht Club is getting its own movie trilogy, produced by Coinbase, one of the world’s largest crypto exchanges by transaction volume. Yuga Labs, the company behind BAYC, will collaborate with Coinbase to make a trilogy of animated short films called The Degen Trilogy. Token holders have been asked to submit their own character descriptions, which will be judged and selected by a Hollywood casting director. Characters in the series will be based on specific Bored Ape NFTs.
According to the film’s website, ape owners who are chosen in the casting process will get a licencing fee of $10,000 (approximately Rs. 7.5 lakh) in Apecoin or Bitcoin. The licence will be recorded on-chain and carried over to the secondary market with the ape. The deadline for submissions is April 13 at 11 a.m. PST (11:30 pm IST). The first episode will premiere at the NFT.NYC conference, which runs from June 20 to June 23.
Mutant Ape Yacht Club will also be able to submit their apes for part two of the series, according to Bored Ape Yacht Club on Twitter. The Bored Ape Kennel Club, on the other hand, will not be accepting submissions.
The film will be set in the 2020s in a “chaotic” Midtown Manhattan, where “for the first time, digital goods and services have outperformed all other indications as a gauge of market value,” according to the website’s prologue. The Apecoin project will be included in the three-part cinematic adventure.
The movie is being produced by Coinbase’s media division, which is managed by entertainment and cultural marketing director William Swann. The debut will be timed to coincide with the opening of Coinbase’s NFT marketplace.
Furthermore, Coinbase has stated that any net earnings from the video will be donated to a non-profit organisation, despite the fact that they are unlikely to profit from it. This series aims to “reward and engage with our communities through projects that bring the principles of Web 3 to life: collaboration, transparency, and opportunity,” according to the business.