Every month, we take a look at a word in the headlines, in English, for your English. See more at The Word of the Month.
A token: substitute for coins, used as a form of payment.
Non-Fungible Token (NFT): A database record representing a digital asset, like a photo. Can be traded via blockchain like cryptocurrencies.
Don’t confuse with:
A toke: a single puff of marijuana. You might need one to understand NFTs.
Tokens in the news
This month, Sotheby’s sold $17 million worth of NFTs representing digital artwork by anonymous artist Pak.
Meanwhile, thousands of confused crypto enthusiasts are now millionaires thanks to Bitcoin and other digital tokens.
A token person: A minority person included to create the illusion of diversity. Ex: Should we maybe invite a token woman to the abortion debate?
A token of appreciation: A symbol of gratitude. Ex: Excellent walk, dog. Here’s 0.000001 Bitcoin for you.
Two sides of the same token
+ a middle finger to banks
– unavailable as payment
– a middle finger to the environment
One last toke for the road?