Crypto news: Coinbase to produce Bored Apes film trilogy; Fortnite’s Epic Games makes metaverse move
Link copied to
The Bored Ape Yacht Club (BAYC) is continuing its foray into the mainstream with its own upcoming film trilogy, announced this week by Coinbase.
The crypto-exchange giant is sitting in the producer chair for the animated short-film series, titled “The Degen Trilogy”. And the first of those will be premiering at the NFT.NYC industry event in June to tie in to the long-awaited launch of Coinbase’s NFT marketplace.
In case you’re not living in the crypto bubble, by the way, “degen” is short for degenerate. And in this space, that’s less an insult and almost a badge of pride, or at least an acceptance of a common practice. Degens are crypto investors or traders who tend to “ape” into various digital assets – tokens or NFTs – without doing due diligence or proper research. It’s essentially a risky, fast-moving, bets-spreading strategy.
But back to the Bored Apes tilt at Tinsel Town, which very much sounds like it has Hollywood veterans on board…
“We have an incredible group of directors, writers, and animators behind this film,” Coinbase says on the film’s website. “We can’t tell you who they are just yet, but you’ve seen what they’ve done before.”
We’re stoked that Coinbase is making a film series featuring the BAYC community. Bored Ape NFT holders, submit your ape for casting, details below.👇 Mutants, don’t worry – this is the first film in a trilogy, and you’ll be getting your own casting call for part two. https://t.co/lhsbg4AnuZ
— Bored Ape Yacht Club (@BoredApeYC) April 11, 2022
Owners of BAYC NFTs will be able to audition their apes to be in the series, with Coinbase asking owners to create a backstory for their character to potentially appear in the films.
Time to ape in on a BAYC? Got half a million dollars lying around? While there’s no official floor price on these most famous of NFTs, they’ve proven to be pretty much unattainable (unless via illegitimate means) for less than about US$300k.
— Watcher.Guru (@WatcherGuru) March 19, 2022
Lastly I’ll say this, the term “metaverse” is inherently tied to web3 gaming.
No you probably won’t see a Fortnite NFT this week, this month, or this year.
But @EpicGames opening their audience up to the metaverse will almost certainly create more web3 participants.
— brycent 🚀 (@brycent_) April 11, 2022