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The term of the year is NFT, which had an 11,000 percent growth in usage in 2021.

The term of the year is NFT, which had an 11,000 percent growth in usage in 2021.


According to the popular Collins English-language dictionary, NFT (non-fungible token) is the most commonly used word in 2021. Harper Collins, the company's parent, chooses the most talked-about phrases each year during the previous 12 months.

"A unique digital certificate maintained on a blockchain, that is used to attest for the ownership of an object, such as a work of art or a collector's item," according to the Collins Dictionary.

According to Alex Beecroft, a member of the firm, the use of the term NFT has surged by more than 11,000 percent in 2021, which is remarkable because it is "rare" for an abbreviation to become that popular. Collins team.
The notion of NFT arose in 2021 as a thriving ecosystem of artists, makers, collectors, and communities enthusiastic about this new means of exchanging rare digital items. It is a civilization that has developed its own communication code.

"Metaverse," defined as "a planned version of the Internet that combines three-dimensional virtual worlds," will be one of the new terms added to the Collins dictionary, just like "NFT."

Interest in the metaverse has surged 12-fold when Mark Zuckerberg declared that Facebook's parent business will change its identity to become a meta. There is even a growing focus on cryptocurrencies throughout the world. MANA from Decentraland and SAND from Sandbox, two video games with their own metaverses, are examples of virtual.

The notion of NFT arose in 2021 as a thriving ecosystem of artists, makers, collectors, and communities enthusiastic about this new means of exchanging rare digital items. It is a civilization that has developed its own communication code.

"Metaverse," defined as "a planned version of the Internet that combines three-dimensional virtual worlds," will be one of the new terms added to the Collins dictionary, just like "NFT."

Interest in the metaverse has surged 12-fold when Mark Zuckerberg declared that Facebook's parent business will change its identity to become a meta. There is even a growing focus on cryptocurrencies throughout the world. MANA from Decentraland and SAND from Sandbox, two video games with their own metaverses, are examples of virtual.
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