(MENAFN- NewsBytes) The Collins Dictionary has recently proclaimed 'NFT' as its Word of the Year 2021. Interestingly though, it isn't a word, but an acronym that stands for non-fungible token. Other technology-related terms that made it to the list of popular new words include 'metaverse' and 'crypto,' and justifiably so. The words were selected from the Collins Corpus, an analytical database with over 4.5 billion words.
Significance Why does the story matter?
Every year, the vocabulary associated with our culture and technology is evolving. Popular dictionaries such as Oxford English Dictionary and Collins Dictionary compile a list of words coined by innovators, technology companies, and colloquialisms. Despite the pandemic, several technological developments and Facebook's renaming to Meta saw the creation of words we wouldn't have used otherwise, such as metaverse, double-vaxxed, and pingdemic.
Defined NFT is a unique 'digital certificate' assigned to collectibles, artwork
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