SNL Skit Uses Kate McKinnon's 'Janet Yellen' and Slim Shady to Explain NFTs

The skit shows how NFTs have captured the public's imagination. Here's where you can find out more.

AccessTimeIconMar 28, 2021 at 3:00 p.m. UTC
Updated Sep 14, 2021 at 12:32 p.m. UTC

Non-fungible tokens (NFTs), the buzziest segment of the cryptocurrency universe, made it to "Saturday Night Live" last night in an explainer skit featuring Kate McKinnon as U.S. Treasury Secretary Janet Yellen and the rapper Eminem.

  • The skit is a sign NFTs have captured the public's imagination, as the National Football League's Patrick Mahomes and Rob Gronkowski as well as other celebrities have created and sold the tokens, sometimes for staggering amounts. But it could be a sign of a market top.
  • If, after viewing SNL's explainer, you find yourself wanting to know even more about the latest crypto craze, check out a few of the articles on CoinDesk about this topic:
  • Or the following videos from CoinDesk TV:


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.