Major crypto exchange Coinbase has released the first part of its Bored Ape Yacht Club (BAYC)-featured movie called "The Degen Trilogy." Meanwhile, the company's shares continue to tumble as the US Securities and Exchange Commission (SEC) launched a probe into whether the exchange has listed unregistered securities.
Coinbase shared what appears to be the first part of its trilogy on Tuesday. Titled "RUN THE CHAIN," the five-minute-long movie features dozens of BAYC non-fungible tokens (NFTs) as well as ApeCoin, an Ethereum (ETH)-based governance and utility token of the BAYC ecosystem.
As reported, Coinbase's official Twitter account teased the film trilogy in mid-April, saying that they are "creating an interactive three-part film featuring" the BAYC and Apecoin communities. At the time, the exchange listed some steps to guide BAYC NFT holders on how they can have their NFTs featured in the film.
Yesterday, in a follow-up tweet, Coinbase's official Twitter account also mentioned...
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