Posted on 11/24/2021 at 08:48 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.”

Last year, the dictionary chose “lockdown” as its top word for 2020, and fellow dictionary publisher Oxford has continued that trend with its 2021 pick of “vax.”

Check out the rest of Collins's 2021 Word of the Year shortlist on its blog.

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Categories: Today in Books

Tagged As: Language

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