An NFT is defined as "a unique digital certificate, registered on a blockchain, that is used to record the ownership of an asset, such as a work of art or a collectible object."
NFTs function as virtual signatures, proving the authenticity of an art piece.
According to CNN, NFTs make the digital art market on the rise.
With the digital revolution sweeping the world, another candidate for word of the year was "crypto."
Abbreviation for "crypto-currency". Cryptocurrency is a medium of exchange that has steadily grown in popularity . A handful of celebrities and athletes, in fact, are already paid in "crypto."
With the news of Facebook's name change, "metaverse", she was also one of the candidates.
As the pandemic continues, “double-vaxxed” (double vaccination) or “hybrid working” are new terms added to the English lexicon.
Alluding to concerns about increasing climate change among the general population, "climate anxiety" was also shortlisted by the Collins Dictionary.
