Merriam-Webster Auctioning NFT of ‘NFT’ Dictionary Definition



Briefly

  • Merriam-Webster has added the initialism “NFT” to its dictionary.
  • In a Borgesian twist, it’s promoting an animation of the definition as an NFT.

Merriam-Webster introduced this morning that it’s added the initialism “NFT” to its dictionary.

Right here’s the definition:

NFT 

abbreviation or noun

: NON-FUNGIBLE TOKEN : a novel digital identifier that can not be copied, substituted, or subdivided, that’s recorded in a blockchain, and that’s used to certify authenticity and possession (as of a particular digital asset and particular rights referring to it)

Fairly good! The kicker is that the writer can be auctioning the definition itself as an NFT through OpenSea, one of many extra standard on-line marketplaces for these blockchain-based digital collectibles.

“By auctioning the NFT of our definition of ‘NFT,’ we’re providing folks a enjoyable technique to personal a bit little bit of Merriam-Webster’s thought and which means,” stated Merriam-Webster editor-at-large Peter Sokolowski in a press release.

Moderately than choosing a boring previous picture file, Merriam-Webster went with a primitive, 90s-style animated GIF of the definition being magically added to the dictionary. The sale began this morning and can run till Friday at 11:59 PM EST. And as with most gimmicky NFT auctions, the proceeds are going to charity.

OpenSea, a startup, simply raised $23 million in collection A financing from the likes of Andreessen Horowitz and Mark Cuban.



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