Saturday Night Live NFT of NFT Skit Sells for $365,000

Saturday Night Live NFT of NFT Skit Sells for $365,000

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  1. tldr; An NFT of a SNL sketch featuring Pete Davidson and Jack Harlow sold for $365,000. NFTs are non-fungible tokens that can be attached to a file and auctioned off as proof of ownership. The market for these digital collectibles exploded in February.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. This seems like a dumb idea, but perhaps it is not as dumb as it appears at first glance. Firstly, the proceeds went to a charity that the buyer perhaps was minded to donate to anyway.

    Secondly there is the following kind of logic to it.

    – If NFTs are some sort of tulip mania bubble, than all NFTs are destined to end up essentially worthless.

    – If NFTs are actually the start of something big and longlasting, then probably this NFT with all its meta value will appreciate considerably.

    Maybe the former scenario is more likely, but under the latter scenario this could go up in value a lot.

  3. It would be interesting if a company, say NBC Universal (fake example example) ever sold the rights to an episode or SNL skit. Like where the NFT buyer was now the owner of the digital rights and if you used it online or watched it on YouTube the new owners gets the proceeds (or has the right to charge or make you take it down). Not sure there’s a reason why a company would do that unless they were cash strapped but could open up some interesting opportunities for “retail” investors or companies to have more bidders than large corps / businesses. Just a thought!



What do you think?


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