Last year there was a good chance you didn’t know what an NFT was, but since the start of 2021, NFT’s have skyrocketed in popularity.

⠀

Collins Dictionary defines NFT, which is short for non-fungible token, 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."

⠀

The word in second place was “cheugy,” followed by “climate anxiety” in third place. From fourth to tenth, Collins chose “crypto,” “double-vaxxed,” “hybrid working,” “metaverse,” “neopronoun,” “pingdemic,” and last of all, “regencycore.”

⠀

Over the past year, Collins has revealed the abbreviation has had an 11,000% rise in usage. NFT was chosen because it is a “unique technicolor collision of art, technology, and commerce… that has broken through the Covid noise.”

⠀

For more from us at Waivly, join our free fun-to-read and to-the-point newsletter enjoyed by hundreds of people across the internet every day of the week 👇