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NFT-ception: Merriam-Webster’s definition of ‘NFT’ is being sold as an NFT

By SAAB LARIOSA Published May 12, 2021 6:38 pm

With the rise of non-fungible tokens (NFT) taking the internet by storm, Merriam-Webster is riding the wave by selling its very definition of NFT as, well, an NFT.

Per a press release from the publishing company, the proceeds from the sale will be donated to Teach For All, a network of 60 worldwide organizations working toward providing education and support for disenfranchised children.

"By auctioning the NFT of our definition of 'NFT,' we're offering people a fun way to own a little bit of Merriam-Webster's thought and meaning," shared  Merriam-Webster's Editor-at-Large, Peter Sokolowski.

“And while the NFT itself may not be fungible, the knowledge we've created certainly is and we're excited to share it."

ICYDK, NFTs are a form of internet files that act as signatures to certify who owns certain online media. Merriam-Webster defines the asset as “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.”

NFT can vary from art pieces, collectible cards, to even viral memes.

This first-of-its-kind auction is now ongoing on digital marketplace OpenSea from May 11 to May 14. The winner of the auction will also be mentioned in's webpage definition of NFT.

Photos from Merriam-Webster