Collins Dictionary Names ‘NFT’ 2021 Word of the Year.

Collins Dictionary named the abbreviation of non-fungible token “NFT” its 2021 word of the year, as usage went up 11,000% from a year ago, according to The Hill.

“It’s unusual for an abbreviation to experience such a meteoric rise in usage, but the data we have from the Collins Corpus reflects the remarkable ascendancy of the NFT in 2021,” Collins Learning managing director Alex Beecroft said, per The Guardian.

“NFTs seem to be everywhere, from the arts sections to the financial pages and in galleries and auction houses and across social media platforms,” he added. “Whether the NFT will have a lasting influence is yet to be determined, but its sudden presence in conversations around the world makes it very clearly our word of the year.”

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