Posted on November 24, 2021 at 8:48 AM by Sadye Scott-Hainchek
You might not understand what it means, still, but it’s the word of the year: “NFT.”
Collins Dictionary announced that the acronym for “non-fungible token” reigned supreme over such tech terms as “crypto” and “metaverse” in a blog post today.
So what is an NFT? Collins defines it 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,” with emphasis on “unique.”
Check out the rest of Collins's 2021 Word of the Year shortlist on its blog.
Categories: Today in Books