Results of first-principles, density-functional calculations on two in
teracting polyyne chains are presented. The results predict the existe
nce of a stable configuration of two crosslinked chains. The energy ba
rrier separating this configuration from that of the non-interacting c
hains is large (about 1 eV per C atom). This is in agreement with the
experimental observation that the properties of natural or synthesized
polyyne change on a relatively long time scale. The crosslinking is a
ccompanied by a change from semiconducting to metallic behaviours, in
accordance with the experimentally observed changes in UV-VIS spectra
and electronic conductivity.