“NFT” selected by the Collins Dictionary as the key phrase of the 12 months 2021

The Collins Dictionary announced a ten-word record for 2021, exactly where “NFT” was selected as the key phrase of the 12 months.

“NFT” selected by the Collins Dictionary as the key phrase of the 12 months 2021

The Collins Dictionary is an English vocabulary aggregator founded in 1824, which at present information much more than four.five billion phrases in its dictionary.

In the record of the ten most critical key terms for 2021, Collins “named” NFT at the leading.

As defined by the Collins Dictionary, an NFT is “a unique digital certificate representing the ownership of an asset, such as a work of art or a collector’s item, stored on a blockchain”.

NFT grew to become a common trend in the cryptocurrency marketplace in 2021, with trading and opening volumes reaching billions of USD.

Statistics of the trading volume (left) and open product sales volume (ideal) of the NFT sector in 2021. Source: TheBlock

In addition, other cryptographic terms this kind of as “metaverse” and “crypto” also seem on the record, reflecting a boom 12 months for the crypto room in the media.

Synthetic currency 68

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