‘NFT’ Chosen as 2021’s Collins English Dictionary ‘Word of the Year’

"NFT" Chosen as 2021"s Collins English Dictionary "Word of the Year"

As 2021 nears its end, the firm Harpercollins, the publisher behind the printed and online Collins English Dictionary, has revealed “The Collins Word of the Year.” According to collinsdictionary.com, the word of the year is the abbreviation for non-fungible token, otherwise known as “NFT.” Collins English Dictionary Word of the Year Is NFT

Non-fungible token (NFT) collectibles have obtained a nod from the publishing team behind the Collins English Dictionary. The unabridged Collins English Dictionary is published by the company Harpercollins and was the first dictionary that was typeset using a computer database’s output.

On an annual basis, Collins likes to give a specific term the Word of the Year award, and this year the word “NFT” is the grand champion. “‘NFT’, the abbreviation of ‘non-fungible token’, the unique digital identifier that records ownership of a digital asset which has entered the mainstream and seen millions spent on the most sought-after images and videos,” the dictionary firm’s word of the year blog post explains. The post further adds: It is one of three tech-based words to make Collins’ longer list of ten words of the year, which includes seven words brand new to Collinsdictionary.com. The Informal Noun ‘Crypto’ and the Proposed Three-Dimensional Virtual Environment the ‘Metaverse’

Other words that were popular this year include words such as “metaverse” and “crypto.” The meaning of the word metaverse is “a proposed version of the internet comprising of three-dimensional virtual environments.” Collins English Dictionary says that the term “crypto” is an informal noun that is short for the word cryptocurrency, “a digital currency used for online purchases.”

Interestingly, in May 2019, the Associated Press (AP) or guidelines from the AP Stylebook, said writers, journalists, and academics should “avoid using the shorthand crypto, which can be confused with cryptography.” The AP suggestion has been largely ignored by mainstream media and dedicated cryptocurrency news publications.

Collinsdictionary.com has been a lot more liberal with editorial submissions and added crowd-sourced neologisms in 2012. Collins also publishes an official Scrabble word list dictionary, and roughly 6,500 words are based on social media terms, slang, and the latest technology. Tags in this story AP, AP Stylebook, Associated Press (AP), Collins Dictionary, Collins English Dictionary, crowd-sourced neologisms, Crypto, Harpercollins, Metaverse, neologisms, nft, NFT definition, NFTs, Non-fungible Token, Publisher, Publishing, Scrabble, terms, Typeset, unabridged Collins Dictionary, words

What do you think about Collinsdictionary.com giving the term NFT the Word of the Year award? Let us know what you think about this subject in the comments section below. Jack Dorsey Resigning as CEO of Twitter Is Bullish for Crypto, Says Fundstrat NEWS | 8 hours ago AMC and Sony to Gift NFTs to "Spider-Man: No Way Home" Advance Opening Ticket Buyers NEWS | 15 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons, Collinsdictionary.com Previous articleGameFi: The New Golden Child of the Cryptoverse Next articleRChain and Hoo: The Arrow Has Already Been on the String Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed It2021 Crypto Literacy Report Suggests 96% of Americans Fail to Comprehend Basic Crypto Knowledge

A recent study suggests that 99% of people from Mexico and Brazil and 96% of Americans fail to grasp the basic concepts of cryptocurrencies. Out of all the survey respondents aware of bitcoin, 17% in the U.S., 15% in Brazil, ... read more.Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in November Crypto Stamp Crashes Swiss Post’s Online Store With Launch Day Demand Bitcoin"s Hashrate Dips, Mining Difficulty Expected to Decrease for First Time Since July Grayscale Report Sees Metaverse as Potential $1 Trillion Business Opportunity