On the JRE podcast, Reggie Watts tried to clear up Joe\u2019s confusion in regards to the world of NFTs and cryptocurrency \u2014 however that wasn\u2019t as simple because it may need appeared.<\/strong><\/p>\n NFTs are one of many newest crazes within the crypto house, with some promoting for thousands and thousands of {dollars}, and stars like Logan Paul leaping on the hype with a few of their very own. Nevertheless, NFTs are proving to be a fairly baffling subject for a lot of \u2014 together with Joe Rogan.<\/p>\n After the subject of NFTs got here up on episode 1648 of the JRE podcast with visitor Reggie Watts, Joe instantly took the chance to attempt to acquire a bit extra perception into the complicated subject.<\/p>\n \u201cMaintain, please. Clarify NFTs to those that don\u2019t know what you\u2019re speaking about,\u201d he stated. \u201cAs a result of I don\u2019t know what you\u2019re speaking about. I do, however I don\u2019t. I do know it\u2019s a Non-Fungible token. I\u2019m not precisely positive what meaning.\u201d<\/p>\n They ended up having to Google the phrase \u2018fungible\u2019 to attempt to break down the that means of the acronym: \u201cOf products contracted for with out a person specimen being specified) replaceable by one other equivalent merchandise; mutually interchangeable.\u201d<\/p>\n Joe took the chance to be taught extra in regards to the world of NFTs.<\/span><\/div>\n However wanting up the definition solely appeared to make issues worse, with Rogan responding, \u201cokay, I perceive it even much less now.\u201d<\/p>\n Reggie then determined to take his personal strategy in attempting to explains NFTs to the podcaster. \u201cI\u2019ve made a 30-second video of me operating round a park or one thing like that,\u201d he started. \u201cIf I wanna make that non-fungible, then I mint it. And by minting I imply you employ a minting service like Basis or Zora, there\u2019s many others.\u201d<\/p>\n \u201cYou get a crypto pockets, you get the crypto pockets arrange. You place cash in it, it\u2019s transformed into the crypto of your alternative. Let\u2019s say ETH, which could be very widespread. Ethereum.\u201d<\/p>\n Nevertheless, the point out of the cryptocurrency solely appeared to confuse Joe extra, seeming to have by no means heard of it earlier than.<\/p>\n![\"Joe](\"https:\/\/www.dexerto.com\/wp-content\/uploads\/2021\/05\/09\/ReggieWattsJoeRogan.jpg.webp)
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