{"id":213535,"date":"2021-03-29T01:13:00","date_gmt":"2021-03-28T22:13:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/what-the-hells-an-nft-snl-explains-in-an-amazing-rap-parody\/"},"modified":"2021-03-29T01:13:00","modified_gmt":"2021-03-28T22:13:00","slug":"what-the-hells-an-nft-snl-explains-in-an-amazing-rap-parody","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/what-the-hells-an-nft-snl-explains-in-an-amazing-rap-parody\/","title":{"rendered":"#\n  \u2018What the hell\u2019s an NFT?\u2019 \u2014 \u2018SNL\u2019 explains in an amazing rap parody"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35efcd6cafc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35efcd6cafc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/what-the-hells-an-nft-snl-explains-in-an-amazing-rap-parody\/#Mike_Murphy\" >Mike Murphy<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  \u2018What the hell\u2019s an NFT?\u2019 \u2014 \u2018SNL\u2019 explains in an amazing rap parody<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000213512\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       NFTs have officially gone mainstream.<\/p>\n<p> Non-fungible tokens are the hottest thing in the crypto-asset community these days, generating headlines and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a>-media buzz even though many people still have no idea what they are or how they work. But it might have taken a sketch on this weekend\u2019s \u201cSaturday Night Live\u201d to answer the big question: \u201cWhat the hell\u2019s an NFT?\u201d<\/p>\n<div class=\"paywall\">\n       In the sketch, Kate McKinnon plays Treasury Secretary Janet Yellen addressing a college economics class, when an Eminem-clad Pete Davidson asks a question.<\/p>\n<p>\u201cTwo Silicon boys were talkin\u2019 outside,\u201d he starts, to the tune of Eminem\u2019s 2000 hit \u201cWithout Me.\u201d  It quickly breaks into an elaborate rap parody, joined by Chris Redd, who offers a rapid-fire \u201clist of complete nonsense.\u201d<\/p>\n<p>Then musical guest Jack Harlow, playing a janitor who wanders by, joins in and actually presents a pretty decent explanation: \u201cNon-fungible means that it\u2019s unique,\u201d he raps. \u201cThere can only be one like you and me. NFTs are insane, built on a blockchain. A digital ledger of transactions, it records information on what\u2019s h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening. Once it\u2019s minted, you can sell it as art.\u201d<\/p>\n<p>The sketch ends with the four of them getting Photoshopped onto a background of Abbey Road and sold as an NFT for (of course) 420 ether \u2014 about $718,000.<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetYouTubeVideo\n            inline\n    scope-web|mobileapps\n  article__inset\n          article__inset--type-InsetYouTubeVideo\n            article__inset--inline\n  \"><\/p>\n<div class=\"dynamic-inset-container article__inset__dynamic\">\n<style>\n          div.youtube {\n            height:0;\n            position:relative;\n            padding-bottom:56.25%;\n          }<\/p>\n<p>          div.youtube > iframe {\n            position: absolute;\n            left: 0;\n            top: 0;\n            width: 100%;\n            height: 100%;\n          }\n        <\/style>\n<div class=\"nc-exp-inset-iframe-media nc-exp-inset-youtube\">\n<div class=\"nc-exp-inset-iframe-mediawrap youtube\">\n            <iframe src=\"https:\/\/www.youtube-nocookie.com\/embed\/mrNOYudaMAc?hd=1&amp;rel=0&amp;autohide=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen><\/iframe>\n        <\/div>\n<div class=\"nc-exp-inset-iframe-caption wsj-article-caption\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       So that clears things up, right?<\/p>\n<p>For the record, NFTs are intended to be unique \u2014 like art or collectibles \u2014 and aren\u2019t meant to serve as a currency. They tend to be written on the ethereum blockchain and carry unique digital signatures that cannot be altered, guaranteeing authenticity.<\/p>\n<p><strong>Read: <\/strong>\u2018Obviously, we had no idea it was going to get here,\u2019 say the guys who made the first NFT<\/p>\n<p>Twitter CEO Jack Dorsey, NFL star <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/61271\/gronk-nfl-nfts-sell-for-millions-in-ethereum\" class=\"icon none\">Rob Gronkowski<\/a> and the startup marketplace NBA Top Shot have all been in the headlines recently for their eye-popping NFT deals.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Readers looking to learn more about investing in crypto assets can sign up for MarketWatch\u2019s Virtual Events <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a>, moderated by reporters and editors from MarketWatch and Barron\u2019s, featuring speakers including Galaxy Digital\u2019s Michael Novogratz; Securities and Exchange Commissioner Hester Peirce; and Sheila Warren, deputy head of C4IR at the World Economic Forum.<\/p>\n<p>The event will be livestreamed  April 7 and 14 at 1 p.m. Eastern. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/events.marketwatch.com\/crypto\/home?mod=home-page\" class=\"icon none\">Sign up here<\/a>.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mike Murphy\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mike_Murphy\"><\/span>Mike Murphy<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D34208BF1A8C%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# \u2018What the hell\u2019s an NFT?\u2019 \u2014 \u2018SNL\u2019 explains in an amazing rap parody &#8221; NFTs have officially gone mainstream. Non-fungible tokens are the hottest thing in the crypto-asset community these days, generating headlines and social-media buzz even though many people still have no idea what they are or how they work. But it might&#8230;<\/p>\n","protected":false},"author":1,"featured_media":213536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-213535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/213535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=213535"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/213535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/213536"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=213535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=213535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=213535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}