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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.
Updated Sep 14, 2021, 12:32 p.m. Published Mar 28, 2021, 3:00 p.m.
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.
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- 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:
What Are NFTs and How Do They Work?
It’s an NFT Boom. Do You Know Where Your Digital Art Lives?
How to Create, Buy and Sell NFTs
How NFTs Became Art, and Everything Became an NFT
Why the NFT Frenzy Won’t Drive Up Prices for Bitcoin Just Yet
- Or the following videos from CoinDesk TV:
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin Treads Water Near $90K as Bitfinex Warns of 'Fragile Setup' to Shocks
BTC's relative weakness compared to stocks points to tepid spot demand, making the largest crypto vulnerable to macro volatility, Bitfinex analysts said.
What to know:
- Bitcoin erased very modest overnight gains early Monday and spent the rest of the U.S. session in a tight range around the $90,000 level.
- Rising long bond yields and a small U.S. equities pulling back weighed on risk appetite as traders eye this week's Federal Reserve meeting.
- Bitfinex analysts pointed out bitcoin's relative weakness against U.S. stocks amid modest spot demand and structural softness.
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