The Collins Dictionary has officially announced their ten-word annual shortlist for word of 2021, as well as declaring that NFT — though technically understood to be an abbreviation for nonfungible token — is their word of the year, surpassing the likes of crypto, metaverse and hybrid working, among others.
The blog post spoke frankly about the prospect of a digital revolution through a "convergence of money and the internet," which seeks to challenge and evolve traditional mediums of payment into the 21st century.