Collins Dictionary names ‘NFT’ word of the year – KIRO 7 News Seattle

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Dic­tio­nary pub­lish­er Collins has named “NFT” the word of the year for 2021. “NFT” is the abbre­vi­a­tion for “non-fun­gi­ble token,” which is the unique iden­ti­fi­er that records own­er­ship of a dig­i­tal asset, as defined by Collins.

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NFTs are espe­cial­ly impor­tant in the dig­i­tal art world, where they serve as “incor­rupt­ible proof of own­er­ship,” CNN report­ed. The dig­i­tal data con­tained with­in an NFT makes it so that own­ers and cre­ators of images and video can always be identified.

Oth­er words that were con­sid­ered for the word of the year title were “dou­ble-vaxxed,” “hybrid work­ing,” “cheugy” and “neo­pro­noun.”



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