As we close out 2021, it’s worth reflecting back to how the word “NFT” infiltrated our daily discourse. Collins Dictionary selected “NFT” as the Word of the Year. Collins managing director Alex Beecroft explained: “It’s unusual for an abbreviation to experience such a meteoric rise in usage, but the data we have from the Collins…
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NFT is the 2021 Word of the Year, says Collins Dictionary
It’s been quite a year for NFTs, from the highest sale ever in March 2021 ($69M for Beepe’s Everydays: The First 5,000 Days) to the highest quarter in sales ($10.7 billion) to the highest market cap for one collection ($2 billion for the Larva Labs’ CryptoPunks). Not surprisingly, Collins Dictionary named NFT the 2021 Word…
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