Merriam-Webster Adds NFT Definition and Auctions It as an NFT

The American publisher Merriam-Webster added the definition of a non-fungible token (NFT) to its eponymous dictionary and put it up for auction as an NFT on the OpenSea platform.

Own @MerriamWebster‘s first NFT 📕

Net Proceeds will go to @TeachForAll, a global organization that helps children in disadvantaged communities fulfill their potential.

Details below 👇 https://t.co/l6xDkspV3v

— OpenSea (@opensea) May 11, 2021

According to the press release, the NFT was defined as an acronym or noun.

“A unique digital identifier that cannot be copied, replaced or divided, which is recorded on the blockchain and used to verify authenticity and ownership,” the Merriam-Webster definition states.

The NFT listed for auction by Merriam-Webster is titled The Definition of NFT. The bids will run until May 15, 07:00 MSK. At the time of writing, the highest bid was 5 ETH (about $20,500).

The NFT is a 22-second video, showing a “magical” insertion of the NFT definition into the dictionary.

In March, the NFT marketplace OpenSea raised $23 million from leading Silicon Valley venture firm Andreessen Horowitz.

Earlier on May 12, nine CryptoPunks NFTs went under the hammer at Christie’s for $16.96 million, including fees.

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