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SNL's NFT Sketch Is Now an NFT Up for Bid Itself as Art Imitates Art Imitating Art...
Bidding on the OpenSea marketplace was at 8.5 wrapped ether (more than $17,600) at press time.
It's all very "Inception"-like. The folks at "Saturday Night Live" answered their own question, "What the hell is an NFT?", well enough to be able to make a non-fungible token out of it.
STORY CONTINUES BELOW
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ok so we figured out what an NFT is and we’re launching one on @opensea https://t.co/IIhp6VKcP0
— Saturday Night Live - SNL (@nbcsnl) April 3, 2021
all proceeds go to @StopAAPIHate ❤️ #StopAAPIHate https://t.co/NLbz4RoGpR
- A skit in last week's show sought to explain non-fungible tokens, the hottest segment of the cryptocurrency universe (for the moment). It starred SNL regular Kate McKinnon as U.S. Treasury Secretary Janet Yellen, featured Pete Davidson portraying the rapper Eminem and was set to his music.
- Now a segment of that sketch is itself an NFT and is being auctioned on the OpenSea marketplace.
- The NFT up for bid captures a snippet at the end of the sketch in which four characters walk out of a classroom single file and then the background morphs into a street with the characters now on a crosswalk. Because there aren't enough layers to this already, the scene channels another work of art, the Beatles' album "Abbey Road."
- Adding further to the Russian nesting doll vibe, last week's skit showed this very segment being minted as an example of how things are turned into NFTs. Now it hass actually happened and it's all very meta.
- Proceeds benefit @stopAAPIHate. Bidding ends just before midnight Monday.
- At press time, bidding was at 8.5 wrapped ether (US$17,618.29).
- Next up will be an NFT of the auction of the NFT of the sketch about NFTs...
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
