Generally speaking, this is not a question that has a “correct” answer. There is no “infinite length” text storage type in MySQL. You could use LONGTEXT, but that still has an (absurdly high) upper limit. Yet if you do, you’re kicking your DBMS in the teeth for having to deal with that absurd blob of a column for your 50-character text. Not to mention the fact that you hardly do anything with it.
So, most futureproofness(TM) is probably offered by LONGTEXT. But it’s also a very bad method of resolving the issue. Honestly, I’d revisit the application requirements. Storing strings that have no “domain” (as in, being well-defined in their application) and arbitrary length is not one of the strengths of RDBMS.
If I’d want to solve this on the “application design” level, I’d use NoSQL key-value store for this (and I’m as anti-NoSQL-hype as they get, so you know it’s serious), even though I recognize it’s a rather expensive change for such a minor change. But if this is an indication of what your DBMS is eventually going to hold, it might be more prudent to switch now to avoid this same problem hundred times in the future. Data domain is very important in RDBMS, whereas it’s explicitly sidelined in non-relational solutions, which seems to be what you’re trying to solve here.
Stuck with MySQL? Just increase it to VARCHAR(1000). If you have no requirements for your data, it’s irrelevant what you do anyway.