NFT

American  

abbreviation

1. non-fungible token:

   1. a digital asset associated with an item of value that can be bought or sold, usually a unique piece of content on the internet, as an image, video, or audio file.

   2. such a unique piece of content on the internet.

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NFT British  

abbreviation

1. National Film Theatre

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Etymology

Origin of NFT

First recorded in 2015–2020

Example Sentences

When NFTs started to take off in 2021, Kowal closed deals with high-profile partners such as Perry, Fremantle Media and Resorts World Las Vegas for the startup’s NFT marketplace.

From Los Angeles Times

Not that NFT technology is exactly new.

From MarketWatch

Beeple is the Charleston, S.C.-based artist who kicked off the NFT art boom four years ago after his digital collage, “Everydays: The First 5,000 Days,” sold at Christie’s for $69.3 million—smashing the record for any work of digital art and ranking him among the priciest artists alive.

From The Wall Street Journal

The sale launched an NFT fever that swept through the art world’s upper ranks, as blue-chip art collectors competed with cryptocurrency investors for images that looked like mere JPEGs but whose ownership details were logged permanently on the online ledger known as the blockchain.

From The Wall Street Journal

The NFT art boom has since largely fizzled, but Beeple has survived in part by weaving digital elements into pieces that exist in real life.

From The Wall Street Journal