'NFT' Named 'Word of the Year' for 2021
[Photo provided to China Daily]
“NFT” is 2021’s "Word of the Year," Collins Dictionary announced Wednesday.
NFT is an abbreviation for non-fungible token, which according to the dictionary is “a unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a collectible.”
Perhaps the most well-known example of an NFT is "Everydays: The First 5000 Days,” a collection of digital art made by graphic designer Mike Winkelmann, better known as Beeple. In March, an NFT for the piece sold for $69.3 million.
NFT最著名的交易案例是“Everydays: the First 5000 Days”，这是由平面设计师迈克•温克尔曼（Beeple是他被大众更熟知的名字）创作的数字艺术藏品。该作品今年3月售出，NFT售价为6930万美元（约合人民币4.4亿元）。
Because of the blockchain technology, Beeple will continue to earn money each time his art changes hands. He gets 10 percent of the price after every sale.
Another American artist, Anne Spalter, sells some work as NFTs. At first, she did not think NFTs were a good idea, but then changed her mind. She said the technology has made people who might never go to an art gallery in person interested in art. She did, however, say she remained “mystified” by how high the prices have gone for some pieces.
Twitter founder Jack Dorsey sold an NFT for his first tweet for $2.9 million.
“Whether the NFT will have a lasting influence is yet to be determined, but its sudden presence in conversations around the world makes it very clearly our Word of the Year,” the dictionary said.
In 2020, the word of the year was “lockdown,” but pandemic-related words like “double vaxxed” and “hybrid working” were still among the finalists for this year. “Crypto,” short for cryptocurrency like Bitcoin, and “cheugy,” meaning clunky or outdated, were among this year’s finalists.
该词典的2020年度词汇是“lockdown（封锁）”，但与疫情相关的词汇今年仍有入围，如“double vaxxed（接种两剂疫苗）”和“hybrid working（混合办公）”。“Crypto”是比特币等加密货币的缩写，“cheugy”，意思是笨重或过时，这两个词也是今年的入围词汇。