{"id":371875,"date":"2021-11-24T21:00:00","date_gmt":"2021-11-24T18:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/collins-dictionary-announce-nft-as-word-of-2021\/"},"modified":"2021-11-24T21:00:00","modified_gmt":"2021-11-24T18:00:00","slug":"collins-dictionary-announce-nft-as-word-of-2021","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/collins-dictionary-announce-nft-as-word-of-2021\/","title":{"rendered":"# Collins Dictionary announce NFT as word of 2021"},"content":{"rendered":"<p>&#8220;<strong># Collins Dictionary announce NFT as word of 2021 <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvZTA3YTUzNTctOTVmYy00MTUwLWJjYWYtNGNlZGNhZTVmYjdjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>The Collins Dictionary has officially <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.collinsdictionary.com\/woty\">announced<\/a> their ten-word annual shortlist for word of 2021, as well as declaring that NFT \u2014 though technically understood to be an abbreviation for nonfungible token \u2014 has been awarded their word of the year, surpassing the likes of crypto, metaverse and hybrid working, among others.<\/p>\n<p>The blog post spoke frankly about the prospect of a digital revolution through a &#8220;convergence of money and the internet&#8221; which seeks to challenge and evolve traditional mediums of payment into the 21st century.<\/p>\n<p>Collins Dictionary defines an NFT as \u201ca unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a collectible\u201d, and it was further noted in their blog post that NFT\u2019s signify:<\/p>\n<blockquote><p>\u201cA chunk of digital data that records who a piece of digital work belongs to\u2026 what\u2019s really captured the public\u2019s imagination around NFTs is the use of this <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> to sell art.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">NEWS<\/a> The Collins Word of the Year is\u2026 NFT.<\/p>\n<p>Find out more about <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/CollinsWOTY?src=hash&amp;ref_src=twsrc%5Etfw\">#CollinsWOTY<\/a> 2021 and see the full list here: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/gmsnCqA0yv\">https:\/\/t.co\/gmsnCqA0yv<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/wordoftheyear?src=hash&amp;ref_src=twsrc%5Etfw\">#wordoftheyear<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/CollinsDictionary?src=hash&amp;ref_src=twsrc%5Etfw\">#CollinsDictionary<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFT?src=hash&amp;ref_src=twsrc%5Etfw\">#NFT<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/XPhUM7oIoZ\">pic.twitter.com\/XPhUM7oIoZ<\/a><\/p>\n<p>\u2014 Collins Dictionary (@CollinsDict) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CollinsDict\/status\/1463297577114345473?ref_src=twsrc%5Etfw\">November 24, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe institution cited infamous NFT artist Beeple\u00a0as a prominent contributor to the space, and unsurprisingly denoted his landmark magnum-opus, Everydays: The First 5000 Days , a piece auctioned for a market-high of $69 million in March this year, the third-highest physical or digital art sale in history.<\/p>\n<p>The NFT market has witnessed parabolic growth over the past twelve months, enticing a tidal wave of celebrities, influencers and Web 3 fanatics to engage with the space. Collections such as CryptoPunks, Bored Ape Yacht Club and Cool Cats have captured the essence of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>-native profile picture project (pfp) space.<\/p>\n<p>Furthermore, the emergence of NFT auctions by\u00a0traditional auction houses like Christie\u2019s and Sotheby\u2019s are providing a global pedal stool to drive adoption, a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">theme<\/a> which was shared by the Co-founder and chief operating officer of CoinGecko,\u00a0Bobby Ong, in a recent conversation with Cointelegraph.<\/p>\n<p>Combined total sales for collectible and art NFTs surpassed $7.4 billion as of Q4 2021. For comparison, art and collectable sales recorded $17.8 million and $55.5 million respectively at the start of this year, figures which seems incomprehensible in today&#8217;s flourishing market.<\/p>\n<p>For greater context into the NFT inclusion, fellow UK establishment Oxford Dictionary recently awarded their prestigious word of the year to Vax, a symbol of the significant impact Covid-19, and subsequent vaccination programmes, have had on the world over the past two years.<\/p>\n<p><strong><em>Related:\u00a0How Solana and Cardano are paving new avenues for NFT growth<\/em><\/strong><\/p>\n<p>The Oxford Dictionary first debuted cryptocurrency terminology in their online edition in August 2013 with the introduction of Bitcoin. The word cryptocurrency followed suit just under a year later, while more recently Satoshi joined the exclusive list of linguistic arbitration.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/collins-dictionary-announce-nft-as-word-of-2021\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Collins Dictionary announce NFT as word of 2021 &#8221; The Collins Dictionary has officially announced their ten-word annual shortlist for word of 2021, as well as declaring that NFT \u2014 though technically understood to be an abbreviation for nonfungible token \u2014 has been awarded their word of the year, surpassing the likes of crypto,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":371876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvZTA3YTUzNTctOTVmYy00MTUwLWJjYWYtNGNlZGNhZTVmYjdjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,120207],"class_list":["post-371875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-oxford"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/371875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=371875"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/371875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/371876"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=371875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=371875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=371875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}