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Collins Dictionary crowns NFT as its “word” of the year

As we approach the end of 2021 it’s normal to look back at the year that was and highlight some of the biggest things over the last 12 months.

Before we experience an avalanche of these reflections Collins Dictionary has crowned it’s “word” of the year for 2021. We use the quotation marks because the word in question is really just an abbreviation.

That word is NFT which is short-hand for non-fungible token.

Over the last year NFTs have grown from a fringe application of blockchain technology to a market where everybody and their dog has launched an NFT platform. Last week we even highlighted a digital performance art piece in The NFT Bay which highlights how grifters have taken advantage of the confusion that surrounds the concept of NFTs.

“Collins defines it [NFTs] 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’. In other words, it’s a chunk of digital data that records who a piece of digital work belongs to,” writes author David Shariatmadari for Collins in its announcement.

Other words that made the shortlist for 2021 include:

  • Double-vaxxed
  • Hybrid working
  • Pingdemic
  • Climate anxiety
  • Neopronoun
  • Regencycore
  • Cheugy

The only word on that list we don’t recognise at all is “cheugy” which is defined as “no longer regarded as cool or fashionable”.

Clearly we don’t spend enough time on TikTok – where this term rose in popularity – and that’s pretty cheugy of us.

Did we use that correctly?

[Image – CC 0 Pixabay]

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