A little comedy played out on the set of Saturday Night Live (SNL) in what was an elaborate attempt to explain what non-fungible tokens, or NFTs, are.
Non-fungible tokens are the current digital craze, yet many have no either what they are and how they work. SNL steps in helpfully for the sake of those who are still clues – or just plain mystified – about it
In a skit on the SNL, Kate McKinnon plays treasury secretary Janet Yellen. She was speaking to to a college economics class when Pete Davidson, dressed as Eminem, popped a question.
“Two Silicon boys were talkin’ outside,” he spoke to the tune of Eminem “Without Me.” what followed was a splendid rap parody that had many laughing their lungs off.
But then another actor steps in helpfully, giving what appears to be a better explanation of the term that many struggle to understand: “Non-fungible means that it’s unique. There can only be one like you and me,” Harlow rapped. “NFTs are insane, built on a blockchain. A digital ledger of transactions, it records information on what’s happening. Once it’s minted, you can sell it as art.”
Does that answer the question for you? Let us know tour thoughts in the comment section below, if you please. Watch below: