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Collins English dictionary adds this year’s words to “NFT”

Collins English Dictionary on Wednesday Word of the Year is “NFT” — Its digital assets The popularity exploded this year With the rise of cryptocurrencies.

The acronym for “non-fungible token” is Increased “meteor-like” usage this yearAccording to Collins, it’s up 11,000% year-on-year.

The dictionary announced that it landed on the word “NFT” that is”Fusion of money and internetCame to ” Define this year for many..

“NFT Has lasting influence It hasn’t been decided yet, but its sudden presence in conversations around the world makes the Word of the Year very clear, “says the dictionary.

The Collins English Dictionary defines the word NFT as “a unique digital certificate registered on the blockchain used to record ownership of assets such as artwork and collectibles.”

“In other words, it’s a chunk of digital data that records who a part of a digital work belongs to,” Collins said.

In terms of NFT, usage increased by 11,000 percent over the previous year.
Chris J. Ratcliffe / Bloomberg via Getty Images
NFF display seen at the House of Fine Art (HOFA) gallery in London.
NFF display seen at the House of Fine Art (HOFA) gallery in London.
Bloomberg via Getty Images

The NFT market has surged to billions of dollars this year as celebrities and meme makers have rushed to invest in this trend.Everyone from Paris Hilton When Martha Stewart To the child actor of YouTube hits like “Charlie Bit My Finger” sell their own NFTs..

March, Beeple NFT Famous for over $ 69 million sold at Christie’s..

This word had to beat many other buzzwords in order to win the title of Word of the Year in 2021.

For example, “Double-vaxxed” created a short list as “a badge of honor worn by those who took both jabs,” as Collins said.

Visitors will experience an immersive art installation of the title "Mechanical Hallucination Space: Metaverse" Introducing Digital Art and NFT Art in Hong Kong, China, Sunday, October 3, 2021 by Refik Anadol at Digital Art Fair Asia.
Visitors will experience an immersive art installation entitled “Machine Hallucinations Space: Metaverse” by Refik Anadol at the Digital Art Fair Asia, which will showcase digital and NFT art in Hong Kong, China, on Sunday, October 3, 2021. ..
Bloomberg via Getty Images
Some NFTs sell for millions of dollars.
Some NFTs sell for millions of dollars.
SOPA image via Gett / Light Rocket

Both “hybrid work” and “ping demic” (terms used to describe the onslaught of notifications that result from remote work) are also on the candidate list.

According to Collins, “cheugy,” a fun and expressive word used to cast aspects on what is now considered clunky, outdated, and embarrassing, is also on the list. ..

Japanese tattoo artist Ichi Hatano draws a picture "Prajna" After interviewing AFP in his studio in Tokyo, mask the digital image. -Hatano has been digitized for a pandemic and sells his designs as non-fungible tokens (NFTs), virtual objects that have swept the world of art.
Japanese tattoo artist Ichi Hatano, who currently sells his works as an NFT, draws a mask digital image of “Hannya”.
Philippe Phone / AFP via Getty Images

Collins English dictionary adds this year’s words to “NFT”

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