Coinbase Takes Bored Ape to the Movies with ‘The Degen Trilogy’

With the Degen Trilogy, a Bored Ape Yacht Club film trilogy, Coinbase is bringing NFTs into the public.

The first installment of the trilogy will broadcast in June, with Coinbase inviting the NFT community to participate in the storyline.

To access the trilogy, customers will need to open a Coinbase wallet, which might coincide with the introduction of CoinbaseNFT.

The film business has formed closer relationships with non-profits in recent months. NFTs are currently used to sponsor movies on a number of sites. NFTs have attracted some of Hollywood's biggest names.

Quentin Tarantino took Pulp Fiction NFT in January with the release of ETH-based TARANTINO NFTs, a collection of seven NFTs that includes never-before-seen content from the film.

The owners of Bored Ape NFTs have been asked to audition their apes for the trilogy by Coinbase.

"Mutant Apes, another Yuga Labs-owned property, will be given the similar treatment, along with other popular projects yet to be disclosed," Coinbase entertainment and culture marketing director William Swann stated, according to the news wires.

The trilogy's release corresponds with CoinbaseNFT's expected entry in the NFT arena. CoinbaseNFT, a peer-to-peer marketplace for discovering, minting, purchasing, and showcasing NFTs, was unveiled in March by Coinbase.

While Coinbase may have been one of the first to bring NFTs to the movies, the film industry has been collaborating with NFTs for quite some time.

NFTs are being targeted by the film industry in order to revolutionize the industry.

The film business had a busy first quarter, with filmmakers turning to non-profits for funding.

FF3, a new platform that allows the film industry to pay its movies via NFT sales, began in January.

Investors may obtain a piece of the movie's profits as well as collecting NFTs that might be worth a lot of money on the secondary market.

Independent cinema, sometimes known as Indie Film, has also made headlines. Indie filmmakers are turning to NFTs and DAOs as a key financing source. Miguel Faus, the director of the film 'Calladita,' began a crowdfunding campaign in February, offering NFTs and other gifts to anyone who donated.

Coinbase could be seeking to enter the film industry revolution with its film producing skills.