“What the hell is an NFT?” asked Pete Davidson in a recent SNL’s skit on NFT. The question was answered twice, subsequently. Once in ‘The Matrix’ style and the second time in ‘silicon valley’ style.

Non-Fungible Tokens are all over the news since February. If you are not living under a rock, then you must have heard of them by now. The news of a small ten seconds video selling for billions of dollars made everyone lookup on the internet for NFTs. However, if you still are oblivious to this technology, then SNL has a sketch for you.

SNL or Saturday Night Live is America’s popular Television show. It has been streaming on National Television for the past 45 years. The current and mainstream topics become part of this show. In the March 28th episode of the show, NFTs were given some stage time.

Also Read: The Rise of Non-Fungible Tokens in 2021

Crypto lovers admired the show. Justin Sun, the CEO of TRON Foundation, quickly exhibited an interest in buying NFT of the sketch. And, SNL listened.

SNL’ Skit On NFT is now an NFT:

SNL has turned the last part of the skit into an NFT. People can now bid for it on opensea.io. The money earned from selling the sketch will go to an NGO.

ok so we figured out what an NFT is and we’re launching one on @opensea https://t.co/IIhp6VKcP0

all proceeds go to @StopAAPIHate ❤️ #StopAAPIHate https://t.co/NLbz4RoGpR

— Saturday Night Live – SNL (@nbcsnl) April 3, 2021

So far, the highest bid of $33, 445 is made.

Saturday Night Live plans to give show tickets to the buyers as well.

This NFT is limited to just one edition and will never be minted again. In addition to winning the “What the hell’s an NFT?” NFT, the highest bidder of this auction will receive two tickets to a taping of “Saturday Night Live” on a mutually agreed upon date during Season 47 (valid for 2 people, participants must be 16 or older). Must be holding this NFT on May 31, 2021 to redeem this offer.

The mainstreaming of NFTs, and in turn cryptocurrency, is on the way. The traditional institutes are embracing crypto more swiftly than one could expect.