‘NFT’, OR ‘NON-fungible token’ has been crowned Word of The Year bu Collins Dictionary experts. 

The annual list of new and notable words, unveiled today, includes ‘Regencycore’ and ‘cheugy’.

After seeing a more than 11,000% rise in usage in 2021, NFT has been named as Word of the Year.

NFT – the unique digital identifier that records ownership of a digital asset – has entered the mainstream this year as millions has been spent on the most sought-after images and videos.

Any digital creation, including a picture, a video, a piece of music or even a tweet, can become an NFT, with the most valuable selling for €5.9 million at a Christie’s auction in March.

Describing the word, Alex Beecroft, from MD Collins Learning, said: “It’s unusual for an abbreviation to experience such a meteoric rise in usage, but the data we have from the Collins Corpus reflects the remarkable ascendancy of the NFT in 2021.

NFTs seem to be everywhere, from the arts sections to the financial pages and in galleries and auction houses and across social media platforms. 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.

“Its unique technicolour collision of art, technology and commerce has broken through the Covid noise with dramatic effect.”

‘NFT’ is one of three tech-based words to make Collins’ list of 10 words of the year, as well as ‘crypto’, the short form of cryptocurrency such as Bitcoin, and ‘metaverse’ describing a three-dimensional virtual world.

The 2020 Word Of The Year was ‘lockdown’, and the influence of the Covid-19 pandemic on the language remains strong as three related words make this years list.

‘Hybrid working’, which denotes the mixture of commuting and working from home, made the list along with ‘double-vaxxed’, which refers to anyone who has received two doses of the Covid-19 vaccine.

This year the term ‘climate anxiety’ has made the list, reflecting people’s growing concerns about climate change and the perceived lack of action to tackle it.

Similarly, conversations over gender and the representation of trans and non-binary people has led to a rise in usage of ‘neopronouns’ which is another word on this year’s list.

A pair of new words complete this year’s list. ‘Regencycore’ relates to the recent influence shows such as Bridgerton have had on fans and fashion, and ‘cheugy’ is a slang term used to describe, and dismiss, anything seen as hopelessly uncool or unfashionable.