“NFT” has been named Word of the Year while “neopronoun”, “pingdemic” and “cheugy” are also on the list.

Collins Dictionary experts have created an annual list of new and notable words, crowning the abbreviation of “non-fungible token” as their Word of the Year after seeing a more than 11,000 per cent rise in use in 2021.

NFT, the unique digital identifier that records ownership of a digital asset, entered the mainstream as millions were 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 £50.3 million ($67.2m) at a Christie’s auction in March.

“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,” said Alex Beecroft, from MD Collins Learning.

“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’s 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 year’s list.

“Pingdemic” emerged when people using the NHS app were pinged to go into isolation after contact with someone who had a confirmed case of Covid-19.

“Hybrid working” denotes the mixture of commuting and working from home, which has become the norm, while “double-vaxxed” 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.

And conversations over gender and the representation of trans and non-binary people has led to a rise in use 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 considered to be hopelessly uncool or unfashionable.

Updated: November 24th 2021, 1:12 AM