The craze behind nonfungible tokens, or NFTs, has seemingly reached peak parody after NBC's famed Saturday Nighttime Alive sketch comedy show addressed NFTs in a skit featuring Kate McKinnon as Us Secretary of the Treasury Janet Yellen.

In Saturday'southward evidence hosted by former bandage member Maya Rudolph, Yellen is speaking at a university economics class when a educatee asks her to address exactly what not-fungible tokens are through the medium of rap.

"What the hell's an NFT? Obviously cryptocurrency. Everyone's making so much money — can you lot please explain what'due south an NFT?"

The sketch features an absurd listing of real and invented NFTs, including images of "U.S. Supreme Courtroom Justice Chuck E. Cheese" and Family Guy character Peter Griffin dunking a basketball game. The cast of characters mainly consists of Pete Davidson equally a pupil portraying rapper Eminem dressed every bit Batman sidekick Robin, Chris Redd as Morpheus from The Matrix franchise, and a hapless "homo with a mop" — played by musical guest Jack Harlow — who provides the nearly succinct explanation of the tokens.

"Nonfungible ways that it's unique," he rapped. "There can only exist one similar you and me. NFTs are insane, built on a blockchain. A digital ledger of transactions, it records information on what's happening. Once information technology'due south minted, you can sell it as art."

Highlighting the sudden surge in the number of unusual artworks, animations and other assets in digital marketplaces, the comedy rap sketch may crusade some in the crypto space to recollect Elon Musk'south musical NFT offering earlier this month. The billionaire Tesla CEO posted a music video prune that featured a pair of diamond hands underneath the moon, which is being circled by Shiba Inu dogs. Musk later said he didn't "feel quite right selling" information technology as an NFT.

In the concluding seconds of the Saturday Night Live sketch, the four characters are cut out of a still frame and pasted onto The Beatles' Abbey Route album, creating an NFT selling for 420 Ether (ETH) — roughly $718,000 at the time.