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Detailed explanation-1: -Collins Dictionary has chosen ‘NFT’ as the word of the year for 2021. The word ‘NFT’, an abbreviation for ‘non-fungible token’, was chosen by the Collins dictionary as the word of the year for 2021. ‘NFT’ is also amongst the three tech-based words chosen by the dictionary as words of the year for 2021.

Detailed explanation-2: -Permacrisis: An extended period of instability and insecurity, especially one resulting from a series of catastrophic events.

Detailed explanation-3: -NFT Most Popular Keyword All Over the World in 2021 The research revealed that, overall, five crypto terms of NFT, cryptocurrency, DeFi, GameFi, and BTC were the most popular keywords in the crypto world. The keyword “NFT” was “surprisingly popular, ” according to Huobi, finding popularity worldwide.

Detailed explanation-4: -Vax is our 2021 Word of the Year. When our lexicographers began digging into our English language corpus data it quickly became apparent that vax was a particularly striking term. A relatively rare word in our corpus until this year, by September it was over 72 times more frequent than at the same time last year.

Detailed explanation-5: -Collins describes NFT as “a unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a collectible.” More simply put, “it’s a chunk of digital data that records who a piece of digital work belongs to, ” author David Shariatmadari writes.