It is a Cryptocurrency Hustle: Joe Rogan on NFTs

The sports activities commentator, comic, and widespread podcast host Joe Rogan admitted that he’s “not ” in non-fungible tokens. To him, their idea is obscure, and he known as them a cryptocurrency “hustle.”

‘It Doesn’t Make Any Sence to Me’

The favored MMA and UFC commentator – Joe Rogan – doesn’t see how non-fungible tokens have change into such a development not too long ago. Throughout a latest podcast, the American rejected the choice of buying an NFT. He went additional, stating that non-fungible tokens characterize an impediment within the cryptocurrency area:

“It’s a bizarre hustle. I believe it’s like a cryptocurrency hustle. It doesn’t make any sense to me.”

Rogan argued that there isn’t any level in spending a substantial sum of money on a digital paintings when individuals can obtain it at no cost:

“Right here’s my drawback, I can have that picture and I can have it on my telephone.”

This isn’t the primary time when Rogan reveals his confusion on the matter. A number of months in the past, throughout one other podcast, the comic Reggie Watts tried to elucidate what NFTs are and the way individuals can work together with them. Rogan, although, stated he “understands even much less” after the dialogue.

However, the American will not be a cryptocurrency critic. He revealed that he’s a digital asset hodler. Nonetheless, he didn’t disclose which tokens he has publicity to:

“I’ve a bit little bit of crypto.”

Joe Rogan. Source: Politico
Joe Rogan. Supply: Politico

Are NFTs a Hustle?

Regardless of gaining large reputation in latest months, many individuals are nonetheless unaware of what non-fungible tokens are. In brief, they’re cryptographic tokens that outline an asset uniquely. They will characterize a picture, however they’ll additionally observe real-world merchandise, equivalent to a automobile, a home, or a music.

Many have additionally used their reputation to boost cash for charity. An instance is the NFT-dedicated platform SuperRare hosted. It launched a digital artwork assortment of Freddie Mercury’s life and profession and vowed to distribute the funds to the Mercury Phoenix Belief (MPT) – a charity group that fights HIV/AIDS worldwide.

Talking of distinguished names, it’s value noting that celebrities equivalent to Eminem, Tom Brady, Lindsay Lohan, and plenty of extra additionally launched their very own collections.

In keeping with what was taking place within the area, the NFT buying and selling volumes reached all-time excessive information in August, exceeding $500 million for a single day on the finish of the month. Nonetheless, buyers’ urge for food for buying and selling has decreased considerably since then.

Featured Picture Courtesy of JSOnline


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