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Collins Dictionary announced Wednesday that “NFT” has been chosen as its Word of the Year in consideration of the fact that NFT’s usage has increased 11,000 percent in 2021, while digital assets like cryptocurrencies keep on gaining mainstream acceptance.
NFT, the abbreviation for `non-fungible token,' is awarded Word of the Year 2021 by Collins Dictionary after experts saw a more than 11,000 percent rise in usage of the abbreviation in 2021.
The abbreviation of ‘non-fungible token’ tops a shortlist also including pingdemic, climate anxiety and metaverse
Collins Dictionary has announced its words of 2021, summing up the moods or preoccupations of the past year – lucky us
Crypto and metaverse were other contenders from the tech world.