Joe Rogan utterly perplexed by NFTs as Reggie Watts tries to explain crypto YouTube: PowerfulJREOn the JRE podcast, Reggie Watts tried to clear up Joe\u2019s confusion about the world of NFTs and cryptocurrency \u2014 but that wasn\u2019t as easy as it might have seemed. NFTs are one of the latest crazes in the crypto space, with some selling for millions of dollars, and stars like Logan Paul jumping on the hype with some of their own. However, NFTs are proving to be a rather baffling topic for many \u2014 including Joe Rogan. After the topic of NFTs came up on episode 1648 of the JRE podcast with guest Reggie Watts, Joe immediately took the opportunity to try and gain a bit more insight into the confusing topic. \u201cHold, please. Explain NFTs to people that don\u2019t know what you\u2019re talking about,\u201d he said. \u201cBecause I don\u2019t know what you\u2019re talking about. I do, but I don\u2019t. I know it\u2019s a Non-Fungible token. I\u2019m not exactly sure what that means.\u201d They ended up having to Google the word \u2018fungible\u2019 to try and break down the meaning of the acronym: \u201cOf goods contracted for without an individual specimen being specified) replaceable by another identical item; mutually interchangeable.\u201d But looking up the definition only seemed to make things worse, with Rogan responding, \u201cokay, I understand it even less now.\u201d Reggie then decided to take his own approach in trying to explains NFTs to the podcaster. \u201cI\u2019ve made a 30-second video of me running around a park or something like that,\u201d he began. \u201cIf I wanna make that non-fungible, then I mint it. And by minting I mean you use a minting service like Foundation or Zora, there\u2019s many others.\u201d \u201cYou get a crypto wallet, you get the crypto wallet set up. You put money in it, it\u2019s converted into the crypto of your choice. Let\u2019s say ETH, which is very popular. Ethereum.\u201d However, the mention of the cryptocurrency only seemed to confuse Joe more, seeming to have never heard of it before. He described the fact that people like Beeple have sold NFTs for up to $69 million as \u201cstunning\u201d and asked: \u201cHow would you go about being actually rich with this. Like how does Beeple go from this to being a baller?\u201d Reggie explained: \u201cWell you know they bid, whoever bids, just like a regular auction, and then they bid using crypto, and the crypto\u2019s transferred before they transfer the file.\u201d It\u2019s not clear whether Joe was any less confused on the subject by the end of the conversation, but it seems as the viewers were in the same boat, with one YouTube commenter writing, \u201cthis video was supposed to clear up NFT, now I\u2019m more confused.\u201d The Joe Rogan Experience podcast recently finally moved to a new studio in Texas, with the design looking more like his original studio that many fans loved before he moved to his previous temporary studio.<\/p>\n","protected":false},"excerpt":{"rendered":"
Joe Rogan utterly perplexed by NFTs as Reggie Watts tries to explain crypto YouTube: PowerfulJREOn the JRE podcast, Reggie Watts tried to clear up Joe\u2019s confusion about the world of NFTs and cryptocurrency \u2014 but that wasn\u2019t as easy as it might have seemed. NFTs are one of the latest crazes in the crypto space, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-52280","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/52280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=52280"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/52280\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=52280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=52280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=52280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}