The emergence of non-fungible tokens (NFTs) represents an exciting new potential for poetry. Poems are increasingly being conceived as multi-media entities that can take on various forms, from screens to video games and VR. By incorporating this new media format, poems have the potential to reflect a broader multimedia experience. Listed below are some of the ways NFTs can help poems become more accessible and engaging.
Non-fungible tokens
Poetry enthusiasts may be wondering how NFTs relate to blockchain technology. Non-fungible tokens are digital assets that record ownership and live on blockchain networks. Some of these digital assets are cryptocurrency, a type of distributed ledger. Poetry lovers might also be interested in CryptoPunks, an initiative by visual artist Andres Reisinger. The poet’s works have recently reached a high profile after selling at Christie’s for $525,000.
Among the non-fungible tokens used in cryptocurrency, poetry is the perfect candidate. The poems on the NFT cards are handwritten and feature a one-minute original song by Grammy Award-winning artist Rac. A QR code embedded on the back of the NFT poem links to the token’s location on the blockchain. This poem card was sold for a high price, selling out 75 copies in two weeks. Poetry enthusiasts should watch for more innovative uses of NFTs in the crypto world.
Blockchain technology
A poetic expression can now be supported by blockchain technology. A Proof-of-Concept project has allowed buyers to buy limited edition cryptographically signed poems. The poets who create these poems can sign their work on the blockchain and store the reference hash off-chain. This allows collectors to buy one of a kind poems signed by the authors and show them online. But a proof-of-concept project does not stop there.
Other projects that are working to adopt Blockchain technology include the Miami-based poet Ana Maria Caballero, who is pioneering the NFT poetry movement. These artists are using this technology as an outlet to create digital works that provide a sense of novelty. Another project, Etherpoems, is led by Miami-based technology futurist Breanna Faye, CTO of the Underline collective and co-founder of Metarkitex. The company develops a generative virtual architecture for the Metaverse. Breanna Faye sells her multi-media works on Etherpoems.
Contemporary poets
The NFT designation has only been in place since 2014, and creatives from a variety of disciplines have only recently begun to capitalize on its potential. Ana Marie Cabellero, for example, has recently received the Jose Miguel Arango National Poetry Prize and the Beverly International Prize for Literature. She has spoken out about why she chose to enter the NFT space, and her responses to the designation are fascinating. We hope you’ll consider this designation as you begin to craft your own work.
As cryptocurrency continues to gain traction, poets can now earn cryptocurrency by selling their poetry. This new format is a perfect fit for the needs of modern-day poets. NFTs enable poets to monetize their work and earn a living by selling books or exhibiting their work in exhibitions. While a few notable NFTs have made millions of dollars selling their works online, many more are still struggling to make a living.
WOCA
Poetry is a wonderful form for an NFT. The possibilities of NFTs are virtually limitless, allowing writers and readers to publish and own texts in new media-rich formats. Poems as NFTs can be visited and experienced by anyone, creating a truly multifaceted experience. What’s more, it can be shared with anyone who would like to read it. But can poems be an NFT?
The NFT movement has moved beyond the realm of digital art to the literary realm. A recent conference on NFTs in New York City brought together several literary organizations and artists who are trying to foster a more diverse marketplace for creative works. Although a niche market, NFT writing has spread to the literary world. The Foundation is an example of a non-profit that aims to support creative women in crypto art.
Creatokia
With a variety of content available on the platform, Creatokia is not just a place to find poetry and other literary works. The site also offers smart contracts and an ecosystem where authors can put a portion of their royalties into resale. This means that if a reader buys your NFT poem, they can read it anywhere, using any device. The same is true of Creatokia and BookVolts, which offers high revenue shares for creators and a 10% commission for the resale of their NFT poems.
The Creatokia token provides access to extras and a secure wallet. The platform will continue to develop its technology and features, making it more accessible to authors and readers. The token also enables the creation of limited editions, digital originals, and timed sales of books. This is a great way for authors and readers to engage in a community that brings them together and shares their passion for literature.
