Online dictionary Merriam-Webster has wasted no time in putting up a definition of NFT in its wordfinder, and the only way to sell it is by, of course, rendering it non-fungible.
Earlier this week, the dictionary publisher announced the sale in an attempt to create an inception-inspired auction. Set to take place on OpenSea, the sale will donate all of the proceeds to Teach For All, a “network of organizations in 60 countries working to ensure all children have the education, support and opportunity to fulfill their potential.”
Peter Sokolowski, Merriam-Webster’s editor-at-large said, “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. And while the NFT itself may not be fungible, the knowledge we’ve created certainly is and we’re excited to share it.”
To accompany the sale of the NFT, Merriam-Webster is also officially adding the definition of NFT into the dictionary. The definition reads: “NFT (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).”
The sale of the NFT is taking place on OpenSea starting now, with the auction closing on May 14, 2021 at 11:59 p.m. EST.