The creators of the explanatory dictionary of the English language came to the conclusion that the “non-fungible token” was more popular than the “crypto” and “metaverse”
The HarperCollins publishing house, which publishes an explanatory dictionary of the English language, has recognized the abbreviation NFT (non-fungible token) as the word of the year, which translates into Russian as “non-fungible token,” reports The Guardian.
In a statement, the publisher indicates that this year there has been a phenomenal increase in the use of this abbreviation – compared with last year, it was 11,000%. “It feels like it’s everywhere, from financial articles to art materials. It is not yet clear how long it will last in the language, but this year it was used very often, “said a spokesman for the publishing house Alex Beecroft.
A non-fungible token is a digital certificate that proves the right to own a digital asset. For example, we can talk about digital paintings. CNN recalls that the acronym NFT was often used in March this year, when Mike Winkelmann’s digital painting Every Day was sold at Christie’s for $ 69.3 million. The first 5000 days. “
Facebook is considering integrating NFT into its digital wallet
NFT’s competitors this year were the words “crypto” and “metaverse.” HarperCollins emphasized that all of these words ended up at the top despite the ongoing discussion of the coronavirus pandemic.