Popular American comedy show “Saturday Night Live” added its own two cents to the NFT (Non-Fungible Token) mania and in a new sketch released today, weirdly explained what the hell an NFT is.
In the video, Pete Davidson, Chris Redd and singer Jack Harlow took turns doing a rap statement by NFTs, a special type of non-exchangeable token that has become the newest “hot thing” in the crypto industry.
Davidson, who parodied Eminem’s hit “Without Me,” initially noted that NFTs are like a “real monopoly” where “everyone makes so much money”.
Chris Redd, dressed like Morpheus from “The Matrix”, then listed various examples of what can be attached to an NFT. Redd explained:
“Not fungible, GIFs of Ron Funches eating lunch tables, or pictures of Colin Jost’s face, very beatable. Digital pictures from Digimon or a picture of a nun on a Nintendo Switch.”
“That was just a list of utter nonsense,” argued Kate McKinnon, who played Treasury Secretary Janet Yellen in the sketch, after hearing a few more absurd examples.
Harlow then went into a little more detail on the technical side of NFTs, explaining that they are coined in a blockchain or “digital ledger of transactions”.
“Non-fungible means that it is unique, there can only be one thing like you and me,” the rapper emphasized, adding, “If it’s shaped, you can sell it as art, and that concludes my rap part. “
Although the sketch was intentionally shallow for comedy purposes, it nonetheless managed to cover the most basic aspects of NFTs. This means that such tokens are unique and some people are willing to pay outrageous sums of money for them.
How CryptoSlate According to reports, crypto whale Vignesh Sundaresan, also known as MetaKovan, recently paid $ 69 million for an NFT artwork by digital artist Beeple. Sundaresan later argued that NFTs are “ten times better” than physical art. He explained:
“If it’s this piece, it supports the fact that Beeple worked on it for 13 years, and the fact that Beeple actually made a mark this time. And it supports the fact that we actually bought it at the time.”
And with coverage of big mainstream shows like SNL, the NFT craze is showing no signs of slowing down so far.
You can find the full clip here:
Discover all NFT coins and NFT news on CryptoSlate.
Get one Edge on the cryptoasset market
Access more crypto insights and contexts in every article as a paid member of CryptoSlate Edge.
Sign up now for $ 19 / month. Discover all the advantages
Do you like what you see? Subscribe to updates.