Howard Stern does not understand the concept of NFTs; Ask, ‘What are you buying?’

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Radio personality Howard Stern seems a little confused about what NFTs are, like many other Americans. In an attempt to understand the concept, he joked that his head was going to explode.

Non-fungible tokens (NFTs) are unique digital tokens used to represent ownership of items such as art, collectibles, and even music, not the items themselves. Does this seem confusing to you? Stern thinks so.

On Monday’s episode of The Howard Stern Show, the host joked about his confusion.

“I don’t even understand what an NFT is,” Stern said on his SiriusXM radio show. “It’s so stupid I don’t even know how to say it.”

When his co-host Robin Quivers attempted to explain the NFT concept, Stern was at a loss for words.

“It’s a digital representation of something,” Quivers said. “It’s the only one that will ever be created. No one will ever be able to get their hands on the original. So that’s the only version of it you can have.”

Quivers offered a further explanation by saying that if Stern purchased, say, an NFT of a Beatles song, he would not own a piece of paper the lyrics were written on or any rights associated with the song. She said he would buy the “digital representation” of the song.

Stern then said it all looked like a scam.

“What belongs to me? Stern asked confused. “My head is going to explode, it’s crazy. I don’t know what they’re talking about. Like, I’m old school.”

Radio personality Howard Stern seems a little confused about what NFTs are, like many other Americans. In an attempt to understand the concept, he joked that his head was going to explode.
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Unlike Stern, some celebrities are jumping on the NFT bandwagon.

Reese Witherspoon, Eva Longoria, Gwyneth Paltrow, Serena Williams, Ozzy Osbourne, and jimmy fallon all took part in the fashion, changing their Twitter profile pictures to NFT artwork.

Over 360,000 people own NFTs, and they’re growing in popularity every day, analysis finds FinancialTimes and the Nansen blockchain analytics platform. The digital tokens are stored on a blockchain, where people can see how much an NFT has been purchased.

The most expensive NFT sold to date was created by digital artist known as Beeple. His piece, “Everydays: The First 5000 Days” sold for a whopping $69.3 million at auction at Christie’s.

There are growing concerns about people stealing NFT artwork. There’s nothing stopping an individual from taking someone else’s work and minting it as their own NFT. There is a Twitter account with over 15,000 followers dedicated to helping artists whose art has been used without permission in an NFT.

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