Merriam-Webster, the US dictionary first published in 1831, has today put its newly added definition for non-fungible tokens (NFTs) as an NFT item on the OpenSea marketplace.
- Proceeds from the sale will be donated to Teach for All, a charity that provides educational resources for children
- The auction begins today and runs until midnight EST on May 14
- The listing follows the term being added to the dictionary this morning
- Nate Chastin, Head of Product at OpenSea, said that “This project is about establishing NFTs as a medium with lasting value through the permanence of a record in the country’s most-trusted dictionary. We’re excited that a brand like Merriam-Webster is using NFTs to engage with its audience in new ways.”
- Official dictionary entry:
abbreviation or noun
: NON-FUNGIBLE TOKEN : a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it)