Joe Rogan calls NFTs a ‘cryptocurrency hustle’

The podcast host is not a stranger to blockchain as he does hold some cryptos

An NFT Art on DVD storefront on Canal Street in Chinatown, New York City.                                 
NFTs, or non-fungible tokens, have exploded in popularity alongside cryptocurrency in 2020 and 2021 - Photo: Shutterstock
                                

US sports commentator and podcast host Joe Rogan has called non-fungible tokens (NFTs) a “cryptocurrency hustle” on his podcast, ‘The Joe Rogan Experience’.

When asked by his guest Patrick Bet-David, a US entrepreneur regarding NFTs, Rogan replied he was “not interested”. Rogan added: “It’s a weird cryptocurrency hustle.” Rogan is no stranger to digital assets as he does hold a bit of crypto himself.

Rogan was then showed one of the Bored Apes Yacht Club (BAYC) NFTs that is currently worth $340,000 (£251,000, €291,038).

The podcast host’s reaction to the NFT’s price was “I don’t understand”. He then explained the issue he has with NFTs: “I can have that photo and have it on my phone.” 

Bet-David responded, “But you do not own it,” to which Rogan exclaimed, “What does it mean?!”

The exchange has been tweeted by Gramatik, a Twitter user with an interest in bitcoin and whose profile picture is a Bored Ape.

Bored Apes NFT sells for over $24m at Sotheby’s auction

Rogan would be even more surprised to hear just how much money the BAYC NFTs went for at the Sotheby’s auction.

The set of 101 BAYC NFTs, designed by Delaware, US-based Yuga Labs, sold for $24.4m at Sotheby’s, shattering the original predictions the auction house had set for them at $12m–$18m.

Another collection, the 101 Bored Ape Kennel Club NFTs, sold for $1.8m. Both auctions took place on 9 September.

The 101 Bored Apes also consist of three M1 and three M2 “Mutant serum” NFTs. When an M1 or M2 serum is combined with a Bored Ape token, it allows the holder to mint a new Mutant Ape NFT that shows a mutated form of the original bored Ape.

Each Bored Ape NFT sold in the collection was valued at around $241,000. 

NBA player Stephen Curry and the Bored Apes

Stephen Curry, three-time National Basketball Association (NBA) champion and two-time NBA Most Valuable Player, who also plays for the Golden State Warriors, has also joined the Bored Apes NFT craze.

Curry changed his Twitter profile picture to a Bored Ape NFT after buying one for $180,000 in August. Additionally, the NBA player recently announced he has become a global ambassador and shareholder of cryptocurrency derivatives exchange FTX.

Curry is not the first high-profile athlete to partner with FTX. Tom Brady, a quarterback for National Football League team the Tampa Bay Buccaneers, also inked an endorsement deal with the exchange in June.

Further reading: Is Warren Buffett right about cryptocurrencies?

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