Collins Dictionary Declares NFTs Word of the Year. But What Exactly Are They?

·5-min read
Collins Dictionary Declares NFTs Word of the Year. But What Exactly Are They?

Collins Dictionary picked NFT -- short for non-fungible token -- as its word of the year for 2021. NFT wasn't the only crypto-related lingo to make it into the top 10. Collins describes NFTs as, "A unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a collectible."

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