Abbreviations “NFT”, coming from english words Non Fungible Tokens, has been named the most searched word of the year in the collins british dictionary. However, today there is a high percentage of people who are ignorant about these issues.
So what is an “NFT”? An NFT is a non-fungible token, that is, it is considered a unique digital asset belonging to a single person, however, he can sell it or auction it, since being his property he can do anything with it. This token is located in a totally secure transaction system, which is known as the blockchain.
According to the official website of the collins british dictionary, “NFT is one of the technology-based words on Collins’ longest list of the ten words of the year.”.
In recent years, the use of the NFT concept has progressively increased
It is strange that the use of a concept has increased so much over time. However, if we stop to think for a moment, it is totally logical. The world of cryptocurrencies is becoming more and more involved in our lives. Today there are many companies that have chosen to use cryptocurrency as a payment method, specifically the most used, bitcoin. This is the case of BBVA.
Other searched concepts
In 2021, there has been an increase in searches for several more words, not only for NFT. Some of them are: “Double – vaxxed” or “Pingdemic“. The first means double vaccinated, that is, it refers to people who have already received the second dose of the Covid-19 vaccine. While the second word, “Pingdemic”, refers to people who have been in contact with a positive or person infected with Covid – 19. The irruption of the global health pandemic has led to the emergence of these words And, therefore, it is normal that, together with NFT, they are the most searched words of the year in the Collins dictionary.