Merriam-Webster auctioning off non-fungible token definition for charity

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After months of buzz around non-fungible tokens, or NFTs, the three-letter word has officially been added to Merriam-Webster's dictionary, and the publisher is offering an NFT of its definition for auction as well.

NFT is known as “non-fungible token” and represents an online marketplace where digital collectibles or creations are bought and sold, sometimes fetching prices in the millions., the three-letter word has officially been added to Merriam-Webster's dictionary. But the publisher and language authority took the moment in blockchain history a step further by offering up the animated NFT of its definition for auction.

The proceeds of the auction will go to Teach for All, a network of organizations in 60 countries that incorporates Teach for America and ensures education opportunities for children, which he said"was the perfect charity to benefit from this."

 

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