Deirdre Dagata

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LOS ANGELES, CA - APRIL 13: Recording artist Eminem performs onstage at the 2014 MTV Movie Awards at Nokia Theatre L.A. Live on April 13, 2014 in Los Angeles, California. (Photo by Christopher Polk/Getty Images for MTV)

Pete Davidson took on the role of Eminem to explain “NFTs” in this “SNL” skit.

Joining Pete Davidson are Chris Redd (as Morpheus/Dr. Dre) and “SNL’s” musical guest Jack Harlow explaining cryptocurrency using Eminem’s “Without Me.”