The first part of "The Degen Trilogy," a movie featuring Bored Ape Yacht Club (BAYC), has been made available via the cryptocurrency exchange Coinbase.

As the US Securities and Exchange Commission (SEC) opened an investigation into whether the exchange had listed <a href="https://www.cryptoknowmics.com/news/coinbase-denies-listing-securities-on-platform-sec-claims-otherwise/">unregistered securities</a>, the company's shares have declined. On Tuesday, Coinbase released what looks to be the first chapter of their trilogy. The five-minute film, titled "RUN THE CHAIN," incorporates numerous BAYC non-fungible tokens (NFTs) as well as ApeCoin, governance and utility token of the BAYC ecosystem based on Ethereum (ETH).

https://twitter.com/coinbase/status/1551975883216388097
<h2>BAYC and Apecoin Communities to Feature</h2>
The BAYC and Apecoin communities will be featured in an interactive three-part film, Coinbase's official <a href="https://twitter.com/coinbase" target="_blank" rel="nofollow noopener">Twitter</a> account, teased in mid-April. The exchange at that time provided a list of instructions for BAYC NFT holders on how to get their <a href="https://www.cryptoknowmics.com/news/japanese-bank-smbc-announces-to-develop-business-around-nfts/" target="_blank" rel="noopener">NFTs</a> included in the movie. In a subsequent post, Coinbase's official Twitter account said that individuals who wish to have their NFTs included in the future Parts 2 and 3 must register on the exchange's NFT marketplace.

https://twitter.com/coinbase/status/1551976182576402432

The SEC is looking into whether Coinbase displayed digital assets that should have been registered as securities, causing the continuous decline in the exchange's stock price. According to a report, Cathie Wood's Ark Investment Management sold more than 1.41 million COIN shares on Tuesday for a total value of around USD 75 million, further boosting investor confidence in Coinbase. On the same day, the value of Coinbase Global's stock fell by nearly a fifth. The fact that Ark traded at a low of USD 53 shows that the company may have thought that COIN's losses may widen over the next few days.

Coinbase Releases First Part of BAYC-Featured Movie The Degen Trilogy

The first part of "The Degen Trilogy," a movie featuring Bored Ape Yacht Club (BAYC), has been released by the cryptocurrency exchange Coinbase.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Coinbase Releases First Part of BAYC-Featured Movie The Degen Trilogy

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