Poetry Just Became Profitable for the First Time in Human History

TL;DR

• Maria Caballero’s “Cords” poem was simply minted as a Bitcoin NFT (aka Bitcoin Ordinal), then offered by Sotheby’s for a tidy $11,000.

• Having the ability to show poetry as scarce — and on the similar time, flip it right into a globally tradable asset? That’s solely doable with Web3 expertise.

Full Story

You already know these ‘Oh, yep, we’re right here to remain’ emotions that you just’ll get each now-and-then in Web3?

(Much like the ‘we’re so again!’ emotions, however extra everlasting).

Yeah, nicely – we’re having a kind of moments rn.

Maria Caballero’s “Cords” poem was simply minted as a Bitcoin NFT (aka Bitcoin Ordinal), then offered by Sotheby’s for a tidy $11,000.

However that’s not what’s pushing the ‘oh, yep, we’re right here to remain’ sentiment…

And it’s not the truth that Bitcoin Ordinals, which solely grew to become a ‘factor’ this time final 12 months, is already being embraced by a centuries-old establishment like Sotheby’s…

As an alternative, it’s that — and that is going to sound like a tongue-in-cheek quip that you just’d hear out of your stuffy uncle (however it ain’t):

Whoever heard of creating wealth from poetry??

Having the ability to show poetry as scarce — and on the similar time, flip it right into a globally tradable asset? That’s solely doable with Web3 expertise.

And yeah, we agree:

Wheatus’ 2000 hit ‘Teenage Dirtbag’ was poetry in its purest kind, and it offered 5M copies worldwide – so to say ‘poetry hasn’t been worthwhile previously’ is a stretch…

However the level we’re attempting to make is:

The sale of Maria Caballero’s “Cords” poem is a reminder that an entire vary of issues that depend on shortage to indicate their worth can now be digitized and traded (globally) – the place they couldn’t be beforehand.

Which suggests there’s a whooole bunch of recent alternatives ready to be found/confirmed out within the Web3 house.

(‘Oh, yep, we’re right here to remain.’)