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."

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting