The Metamorphosis Festival was founded in 1991 by the National Library in Kraljevo and the Kraljevo Literary Club. It is held in Kraljevo, a city in central Serbia. It was created with the aim of popularizing poetry and poets in a broader cultural context and it is one of the oldest manifestations of its kind in the country. The festival has an artistic and cultural-scientific character. In addition to the poetry programs, there are a number of related content, both musical and visual.
The festival is designed as an expression of both artistic fusion of traditional values and contemporary creative spirit. The central part of the program is "Chrysovulus of Zica", an award given to a local poet or poetess for her lifetime achievement. It is a ceremonial act, organized in the medieval Monastery of Žiča. Among the winners were already some of the greatest Serbian poets: Miodrag Pavlovic, Ivan V. Lalic, Stevan Raickovic, Branislav Petrovic, Milovan Danojlic, Borislav Radovic, Novica Tadic to name a few. Every year, a scientific conference is organized with the focus on the poetry of the award winners.