“NFT” was selected as the “Word of the Year” in the 2021 Collins English Dictionary – Bitcoin News

As 2021 draws to a close, Harpercollins, the publisher of the printed and online Collins English Dictionary, announced the “Collins Glossary of the Year.” According to collinsdictionary.com, the word of the year is short for non-fungible token, also known as “NFT”.

Collins English Dictionary of the Year is NFT

The non-fungible token (NFT) collection has been recognized by the publishing team behind it Collins English Dictionary. The unabridged Collins English Dictionary is published by Harper Collins and is the first dictionary to use computer database output and typesetting.

Every year, Collins likes to award a word of the year award to a specific word, and this year the word “NFT” is the big champion. “‘NFT’, the abbreviation of’non-fungible token’, a unique digital identifier used to record the ownership of digital assets, which has entered the mainstream and spent hundreds on the most sought-after images and videos Million dollars,” the dictionary company’s best of the year Blog post explain. The post further added:

This is one of three technology-based words in Collins’s longer list of ten words of the year, including seven brand new words from Collinsdictionary.com.

The informal term “Crypto” and the proposed three-dimensional virtual environment “Metaverse”

Other words popular this year include words such as “metajie” and “encryption”. The term metaverse means “a proposed version of the Internet consisting of a three-dimensional virtual environment.” The Collins English Dictionary says that the word “crypto” is an informal noun, an abbreviation of the word “cryptocurrency”, “a digital currency used for online purchases.”

Interestingly, in May 2019, the Associated Press (AP) or Guidelines From AP sample bookWriters, journalists, and academics say that “shorthand encryption should be avoided, as it may be confused with cryptography.” Mainstream media and specialized cryptocurrency news publications largely ignored the Associated Press’s recommendations.

Collinsdictionary.com has more freedom in editing submissions, and in 2012 added new words for crowdsourcing.Collins also published the official Scrabble vocabulary dictionary, and About 6,500 words Based on social media terminology, slang and the latest technology.

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Associated Press, AP sample book, Associated Press (AP), Collins Dictionary, Collins English Dictionary, Crowdsourcing new words, encryption, Harper Collins, Metaverse, new word, nft, NFT definition, NFT, Irreplaceable tokens, Publisher, publishing, Scrabble, Terms, typesetting, Unabridged Collins Dictionary, Character

What do you think of Collinsdictionary.com’s award of the NFT Vocabulary of the Year Award? Please tell us your thoughts on this topic in the comments section below.

Image Source: Shutterstock, Pixabay, Wikimedia Commons, Collinsdictionary.com

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