Poetry in motion as Uniqx and CoinFund join forces

Uniqx is laying claim to the world’s first blockchain poetry auction, created at NIFTY, a conference and hackathon dedicated to the future of blockchain gaming and non-fungible tokens (NFTs).

The London-based software development company is building a decentralised marketplace for the ownership and trading of digital assets. And it is working on the poetry auction with US-based crypto-asset focused investment firm, CoinFund.

A proof of concept project allows buyers to purchase a limited edition, cryptographically signed copy of the poem, and the non-fungible token will contain a reference hash to the poem which is then stored off-chain. Collectors will be able to buy and sell unique poems signed by their authors and display their collections on the web and social media.

Biggest thing in poetry since Lord Byron

“The NFT space is still very much in its nascent stages and we are just now beginning to understand its potential. We are exceptionally proud to be supporting uniqx.io, a bespoke marketplace for NFTs,” says Aleksandr Bulkin, Co-founder of CoinFund.

“The auction is a demonstration of the power of this technology to disrupt hundred year old markets and communities. The user-friendly infrastructure facilitates the transfer of content ownership, in the hope of re-establishing poetry as a viable way to feed your family for the first time, perhaps, since Lord Byron.”

“The value poetry creates needs to be justly compensated. The small, exclusive, expensive, fragmented, and often vanity-driven world of paper publishing does not meet these needs. Informational goods escape ownership rights on the internet — blockchain technology resolves this issue by connecting content curators with poets and readers, therefore establishing an automatic and reliable means of trading and compensation,” says Frederick Turner, author of sci fi poem The Apocalypse.

“Poetry is uniquely suited to the immediacy and performativity of electronic means of dissemination, and blockchain technology in particular can close the value exchange loop that would help incentivise the medium,” he concludes.