In a year that saw the musician Grimes sells a collection of digital artwork for nearly $ 6 million (£ 4.4 million) and the original photo behind the 2005 Disaster Girl Meme For $ 473,000 (£ 354,000), Collins Dictionary named NFT Word of the Year.
The abbreviation of non-fungible token has seen a “meteoric” surge in usage over the past year, Collins said, an 11,000% increase over the past year. Any digital creation can become an NFT, the term referring to a certificate of ownership registered on a blockchain or a digital transaction book. The most valuable NFT to date is a collage by digital artist Beeple, which sold at Christie’s in March for £ 50.3 million.
Collins defines NFT as “a unique digital certificate registered on a blockchain and used to document ownership of an asset such as a work of art or collectible”; Its lexicographers, who oversee the 4.5 billion word Collins Corpus to vote for their word of the year, said they chose NFT because it demonstrates a “unique color collision of art, technology and commerce,” the “the Broken Covid noise “has become ubiquitous.
“It is unusual for an abbreviation to see such a meteoric surge in usage, but the data we have from the Collins Corpus reflects the remarkable rise of the NFT in 2021,” said Alex Beecroft, general manager, Collins Learning. “NFTs seem to be everywhere from the art departments to the finance sites and in galleries and auction houses and on social media platforms. It is not yet clear whether the NFT will have a lasting impact, but its sudden presence in conversations around the world clearly makes it our word of the year. “
Last month the Oxford English Dictionary by the name of vax as Word of the Year, noting that the use of the word increased more than 72 times in September compared to the previous year.
NFT hit two other technology-based words on Collins’ shortlist for the 10 Words of the Year: crypto, short for Cryptocurrency, which Collins says has increased 468% year-over-year usage, and Metaverse, a term coined by Neal Stephenson in his 1992 novel Snow Crash. Description of a three-dimensional virtual world – as described by. was planned Meta, Mark Zuckerberg’s renamed Facebook company – metaverse usage has increased twelve-fold since 2020.
Other words and phrases in the race were the covid-focused ones Pingdemie, hybrid working and doubly annoyed, while climate fear was also on the list, reflecting growing concerns about climate change.
Collins also noted an increase in neopronomer use, thanks to ongoing discussions about gender and portrayal of trans and non-binary people; it defines the word as “a recently coined pronoun, especially one designed to avoid gender differences”.
Collins chose “Lockdown” as Word of the Year in 2020 and “Climate Strike” in 2019.
Collins’ Top 10 Words for 2021
NFT (Nɛfˈtiː) short for
1 non-fungible token: a unique digital certificate registered on a blockchain and used to document ownership of an asset such as a work of art or collectible.
2 an asset whose ownership is captured by a non-fungible token: the artist sold the work as an NFT
cheugy (ˈTʃuːɡɪ) Adjective, colloquial
no longer viewed as cool or fashionable
Fear of the climate (ꞮKlaɪmet æŋˈzaɪɪtɪ) noun
a state of hardship caused by concerns about climate change
Krypto (ˈKrɪptəʊ) Noun, informal
Abbreviation for cryptocurrency: a decentralized digital medium of exchange that is created, regulated, and exchanged using cryptography and (usually) open source software, and is typically used for online purchases
doubly annoyed (ˌDʌbəlˈvækst) Adjective, informal
after two vaccinations against a disease. Also: double jabbed
Hybrid work (ˌhaɪbrɪd wɜːkɪŋ) noun
the practice of switching between different work environments, e.g. B. from home and in the office
Metaverse (ˈmɛtəˌvɜːs) noun
a proposed version of the Internet that includes three-dimensional virtual environments
Neopronomen (ˌNiːəʊˈprəʊˌnaʊn) noun
a recently coined pronoun, especially one designed to avoid gender differences
Pingdemie (ˌPɪŋˈdɛmɪk) Noun, informal
the large-scale notification of citizens through a contact tracing app
Regencycore (ˈRiːdʒənsɪˌkɔː) noun
a clothing style inspired by clothing worn in high society during the reigns (1811-20). Also called: Regency chic