Collins Dictionary Announces NFT as Word Of the Year 2021

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Key Takeaways:

  • Collins Dictionary announced NFT as Word of the Year 2021.
  • In Collins’ blog, journalist and author David Shariatmadari revealed that another word that made the shortlist was double-vaxxed.
Nft As Word Of The Year 2021
NFT as Word Of the Year 2021

Collins Dictionary has announced the Word of the Year, and it’s no surprise that NFT has topped the list. The publisher on the website published that 

‘NFT,’ the abbreviation of ‘non-fungible token,’ the unique digital identifier that records ownership of a digital asset that has entered the mainstream and seen millions spent on the most sought-after images and videos, has been named Collins Word of the Year 2021. It is one of three tech-based words to make Collins’ long list of ten words of the year, including seven words, brand new to CollinsDictionary.com.

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

Alex Beecroft, managing director of Collins Learning, said that NFTs seem to be everywhere, from the arts sections to the financial pages and in galleries and auction houses and across social media platforms. But whether NFT will have a lasting influence is yet to be determined”.

In Collins’ blog, journalist and author David Shariatmadari revealed that another word that made the shortlist was ‘double-vaxxed.’ The author said that This was the year of vaccines, reflected in the fact that double-vaxxed, the badge of honor worn by those who’ve had both doses of the jab, makes the Collins Word of the Year 2021 shortlist”. 

Another was ‘hybrid working’ considering “people have begun to return to offices, but only for part of the week. An increasingly common pattern that many experts believe is here to stay.”

The author even expressed tha“Meanwhile, in the wake of COP-26 and the need to act against climate change, the phrase ‘climate anxiety’ also made it to the list. The climate crisis remains a preoccupation, particularly in the light of this year’s COP26, so it’s no surprise that climate anxiety makes it onto the list”.

Chaahat Girdhar
Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.

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