{"id":372299,"date":"2021-11-24T20:19:21","date_gmt":"2021-11-24T17:19:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/collins-dictionary-names-nft-the-word-of-the-year\/"},"modified":"2021-11-24T20:19:21","modified_gmt":"2021-11-24T17:19:21","slug":"collins-dictionary-names-nft-the-word-of-the-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/collins-dictionary-names-nft-the-word-of-the-year\/","title":{"rendered":"#Collins Dictionary names \u2018NFT\u2019 the word of the year"},"content":{"rendered":"<p>&#8220;<strong>#Collins Dictionary names \u2018NFT\u2019 the word of the year<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Collins Dictionary announced Wednesday that its Word of the Year is \u201cNFT\u201d \u2014 digital assets that exploded in popularity this year along with the rise of cryptocurrencies. <\/p>\n<p>The term, which stands for the acronym for \u201cnon-fungible token,\u201d has seen a \u201cmeteoric\u201d rise in usage this year, up 11,000 percent from the prior year, Collins said.\u00a0<\/p>\n<p>The dictionary announced that it landed on the word \u201cNFT\u201d for the annual honors because it reflects the \u201cconvergence of money and the internet\u201d that has come to define this year for many.<\/p>\n<p>\u201cWhether the NFT will have a lasting influence is yet to be determined, but its sudden presence in conversations around the world makes it very clearly our Word of the Year,\u201d the dictionary said.<\/p>\n<p>Collins Dictionary defines the word 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<\/p>\n<p>\u201cIn other words, it\u2019s a chunk of digital data that records who a piece of digital work belongs to,\u201d Collins said.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"693\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_58.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"NFT House of Fine Art (HOFA) Gallery in London\" class=\"wp-image-20258169\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_58.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_58.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_58.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The term NFT saw an 11,000 percent rise in usage from the prior year.<\/figcaption><figcaption><span class=\"credit\">Chris J. Ratcliffe\/Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"685\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_59.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"An NFF display seen at the House of Fine Art (HOFA) Gallery in London.\" class=\"wp-image-20258314\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_59.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_59.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_59.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>An NFF display seen at the House of Fine Art (HOFA) Gallery in London.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>The market for NFTs surged into the billions this year as celebrities and meme-makers rushed to cash in on the trend. Everyone from Paris Hilton and Martha Stewart to the child stars of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">YouTube<\/a> hits like \u201cCharlie Bit My Finger\u201d have sold their own NFTs.<\/p>\n<p>In March, a Beeple NFT\u00a0famously sold at Christie\u2019s for more than $69 million.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>The word had to beat out a number of other buzzwords to take home the title of 2021 Word of the Year. <\/p>\n<p>\u201cDouble-vaxxed,\u201d for example, made the short list\u00a0as \u201cthe badge of honor worn by those who\u2019ve had both doses of the jab,\u201d as Collins put it. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_63.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Visitors experience an immersive art installation titled &quot;Machine Hallucinations  Space: Metaverse&quot; by Refik Anadol at the Digital Art Fair Asia showcasing digital and NFT art in Hong Kong, China, on Sunday, Oct. 3, 2021.\" class=\"wp-image-20258325\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_63.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_63.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_63.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Visitors experience an immersive art installation titled \u201cMachine Hallucinations  Space: Metaverse\u201d by Refik Anadol at the Digital Art Fair Asia showcasing digital and NFT art in Hong Kong, China, on Sunday, Oct. 3, 2021.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_55.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Some NFT's have sold for millions of dollars.\" class=\"wp-image-20258326\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_55.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_55.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_55.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Some NFT\u2019s have sold for millions of dollars.<\/figcaption><figcaption><span class=\"credit\">SOPA Images\/LightRocket via Gett<\/span><\/figcaption><\/figure>\n<p>\u201cHybrid working\u201d and \u201cpingdemic\u201d \u2014 the term used to describe the onslaught of notifications that\u2019s come about as a result of remote work \u2014 both also made the shortlist.<\/p>\n<p>The term \u201ccheugy, the delightfully expressive word that is used to cast aspersions on something that\u2019s now regarded as clunky, out of date and embarrassing,\u201d also made the list, Collins said.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"681\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_56.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Japanese tattoo artist Ichi Hatano drawing a &quot;hannya&quot; mask digital image, following an interview with AFP at his studio in Tokyo. - Hatano has now gone digital due to the pandemic, selling his designs as non-fungible tokens (NFTs), virtual objects that have taken the art world by storm\" class=\"wp-image-20258213\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_56.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_56.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft_56.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Japanese tattoo artist Ichi Hatano, who now sells his work as NFTs, draws a \u201channya\u201d mask digital image.<\/figcaption><figcaption><span class=\"credit\">PHILIP FONG\/AFP via Getty Images<\/span><\/figcaption><\/figure>\n<\/p><\/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><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/11\/24\/collins-dictionary-names-nft-the-word-of-the-year\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Collins Dictionary names \u2018NFT\u2019 the word of the year&#8221; Collins Dictionary announced Wednesday that its Word of the Year is \u201cNFT\u201d \u2014 digital assets that exploded in popularity this year along with the rise of cryptocurrencies. The term, which stands for the acronym for \u201cnon-fungible token,\u201d has seen a \u201cmeteoric\u201d rise in usage this year,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":372300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/nft.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[95118,120157,76127,79386,82200],"class_list":["post-372299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nft","tag-11-24-21","tag-cryptocurrency","tag-dictionary","tag-words"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/372299","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=372299"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/372299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/372300"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=372299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=372299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=372299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}