Merriam-Webster Dictionary Auctions Non-Fungible Token Definition as an NFT

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)

Source(s) cited: