{"id":4376,"date":"2024-06-14T00:27:31","date_gmt":"2024-06-14T00:27:31","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=4376"},"modified":"2024-06-14T00:27:31","modified_gmt":"2024-06-14T00:27:31","slug":"nft-named-as-the-word-of-the-year-2021-by-collinsdictionary","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/nft-named-as-the-word-of-the-year-2021-by-collinsdictionary\/","title":{"rendered":"NFT Named As The Word Of The Year 2021 By Collins\nDictionary"},"content":{"rendered":"

The phrase ‘NFT’ has been designated the 2021 Word of the Year by Collins Dictionary.<\/p>\n

Highlights:<\/u><\/strong><\/p>\n

NFT is an abbreviation for “non-fungible token.”<\/p>\n

NFT is described as “a unique digital certificate, recorded on a blockchain, that is used to record the ownership of an object such as an artwork or a collectable,” according to Collins Dictionary.<\/p>\n

HarperCollins in Glasgow publishes the Collins English Dictionary.<\/p>\n

Most notably, Twitter CEO Jack Dorsey sold an NFT of his first tweet for $2.9 million, while electronic singer Grimes sold her digital art for $6 million.<\/p>\n

Collins experts, headquartered in Glasgow, Scotland, stated Wednesday that they picked NFT

\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n <\/svg>\r\n <\/span>\r\n Join Our Telegram Channel\r\n <\/a>\r\n <\/div> 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n <\/svg>\r\n <\/span>\r\n Subscribe on YouTube\r\n <\/a>\r\n <\/div> because of its “meteoric Growth<\/a> in usage,” which is expected to increase by 11,000 per cent by 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

The phrase ‘NFT’ has been designated the 2021 Word of the Year by Collins Dictionary. Highlights: NFT is an abbreviation for “non-fungible token.” NFT is described as “a unique digital certificate, recorded on a blockchain, Join Our Telegram Channel Subscribe on YouTube that is used to record the ownership of an object such as an … Read more NFT Named As The Word Of The Year 2021 By Collins
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Highlights: NFT is an abbreviation for “non-fungible token.” NFT is described as “a unique digital certificate, recorded on a blockchain, that is used to record the ownership Join Our Telegram Channel Subscribe on YouTube of an object such as an ... 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