Q. What is the ‘Word of the year 2021’ as per Collins Dictionary?
Answer:
NFT
Notes: Collins Dictionary has chosen the term ‘NFT’ (short for non-fungible token), as its word of the year 2021. As per Collins, the word’s usage increased 11,000 per cent.
There has been a surging interest in the digital tokens that can sell for millions of dollars. Collins defines it as “a unique digital certificate, registered in a block-chain that is used to record ownership of an asset such as an artwork or a collectible".