Collins Dictionary names ‘NFT’ the word of the year

Collins Dictionary names ‘NFT’ the word of the year


Collins Dictionary announced Wednesday that its Word of the Year is “NFT” — digital assets that exploded in popularity this year along with the rise of cryptocurrencies.

The term, which stands for the acronym for “non-fungible token,” has seen a “meteoric” rise in usage this year, up 11,000 percent from the prior year, Collins said. 

The dictionary announced that it landed on the word “NFT” for the annual honors because it reflects the “convergence of money and the internet” that has come to define this year for many.

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“Whether the NFT will have a lasting influence is yet to be determined, but its sudden presence in conversations around the world makes it very clearly our Word of the Year,” the dictionary said.

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