In today's digital trend, NFT (Non-Fungible Token) has been named the hot word of the year by Collins Dictionary, highlighting its important position in the fields of cryptocurrency and the metaverse. Together, these three have established a new trend in the digital age, leading people into a new virtual world.

As a non-fungible token, NFT ensures the uniqueness and irreplaceability of digital assets through blockchain technology. In recent years, the NFT market has been booming, with many popular works and trading platforms emerging, such as Cryptokitties, Opensea, etc., attracting the attention of many artists, collectors and investors. For example, a work created by digital artist Beeple was sold at an auction for an astonishing price, triggering heated discussions and pursuit of NFTs around the world.

At the same time, cryptocurrency as a digital asset is redefining currency transactions and the financial system. The value of mainstream cryptocurrencies such as Bitcoin and Ethereum continues to rise, attracting the attention and participation of more and more investors and institutions. For example, some well-known companies have begun to accept Bitcoin as a payment method, and the popularity and application of cryptocurrency are changing people's consumption habits and financial concepts.

The Metaverse is a combination of virtual reality and augmented reality, building a digital parallel world. In the metaverse, people can create, interact, and trade virtual assets and services, realizing a new social and entertainment experience. For example, Facebook's metaverse project Meta has expanded social networks into the virtual space, providing users with richer and more diverse ways to interact, and changing people's social patterns and lifestyles.

In general, NFT, cryptocurrency and the Metaverse, as new trendsetters in the digital age, are reshaping the way people live and work, bringing unprecedented opportunities and challenges. With the continuous development of technology and the deepening of applications, we believe that these three will continue to lead the development of the digital world and create a better and more prosperous future for mankind.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Collins English Dictionary
Dictionary announced the word of the year for 2021 yesterday (24th), naming "NFT", which has performed amazingly in the market this year, as their hot word of the year, successfully defeating the waiting list of cryptocurrency, metaverse and hybrid work.

The agency published an article yesterday stating that the integration of currency and the Internet has led everyone to the word of the year in 2021─NFT. In news reports and social media in the past 12 months, it must be something we have heard over and over again. buzzword.

Collins defines an NFT as a unique digital certificate registered on the blockchain that records ownership of an asset such as an artwork or collectible. He further explained: NFT is digital data that records who a digital work belongs to.
The only thing that matters here is that it is disposable and not interchangeable. What really captivates the public is the use of this technology to sell art.

NFT has exploded in growth this year

According to the British Guardian, the use of NFT vocabulary has grown rapidly this year, an increase of 11,000% over the previous year. Alex, Managing Director, Collins Learning
Beecroft said it is unusual for an acronym to see such a dramatic increase in usage, but the data we obtained from the Collins Corpus reflects the significant dominance of NFTs in 2021.

“NFTs seem to be everywhere, from art to finance, to galleries and auction houses, to social media platforms. Whether NFTs will have a lasting impact remains to be determined, but they are popping up in conversations around the world. That definitely makes it the keyword for us this year.”

The NFT market has indeed witnessed parabolic growth over the past 12 months, attracting a host of celebrities, influencers and Web 3.0 enthusiasts to participate in the space. CryptoPunks, Bored
Projects such as Ape Yacht Club are enthusiastically sought after.

As of the fourth quarter of 2021, total sales of collectibles and art NFTs exceeded $7.4 billion. This compares to $17.8 million and $55.5 million in sales of art and collectibles, respectively, recorded at the beginning of the year.

Cryptocurrency and Metaverse are both on the shortlist for word of the year

This year’s candidates for the Word of the Year list selected by Collins are heavily colored by blockchain and technology. The agency said this is because the digital revolution continues to advance at a rapid pace, changing our culture, relationships and the way we do business.

Facebook recently announced that it would change its name to Meta, making the term MetaVerse a hot keyword in the Internet industry. Usage of Metaverse words has increased 12-fold since 2020.

Likewise, the dominance of traditional forms of money is being challenged by cryptocurrency technology, with the agency saying Crypto, or Crypto, has seen usage grow 468% year-on-year this year.