NFT wins Collins Dictionary Word of the Year Award for 2021
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«NFT» was named Word of the Year by Collins Dictionary for 2021, a nod to the surging popularity of digital collectibles.
The abbreviation for non-fungible tokens shot to prominence as the market soared to dizzying heights, aided by high-profile celebrities stirring up the hype.
«It's unusual for an abbreviation to experience such a meteoric rise in usage, but the data we have from the Collins Corpus reflects the remarkable ascendancy of the NFT in 2021,» Collins Learning managing director Alex Beecroft told The Guardian. «NFTs seem to be everywhere.»
Collins defines NFT as a «unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a collectible.»
NFTs can be
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