Collins Dictionary named ‘NFT’ as word of the year-2021

Collins Dictionary named ‘NFT’ as word of the year-2021

Daily Current Affairs / Collins Dictionary named ‘NFT’ as word of the year-2021

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Category : Miscellaneous Published on: November 26 2021

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The Collins Dictionary has named NFT, an abbreviation for a non-fungible token, as the word of the year 2021.
According to the Collins Dictionary, an NFT is a "unique digital certificate, registered in a blockchain that is used to record the ownership of an asset such as an artwork or a collectible."
NFT is one of the most popular bits of fintech Babble to beautify pages and screens, and it continues to be a topic of discussion with terms like "Crypto" and "Metaverse".
The Oxford English Dictionary had already named ‘VAX’ the word of the year last month.

Important Takeaways

List of word of the year according to Collins Dictionary

2017: Fake News
2018: Single-use
2019: Climate strike
2020: Lockdown

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