Forget FOMO—JOMO Effect NFT Project Aims to Boost Mental Health in Web3
NFT
decrypt.co
07 Might 2023 18:58, UTC
Studying time: ~5 m
“FOMO,” or the “concern of lacking out,” can stress out NFT and crypto merchants in search of the following large factor—however a brand new NFT challenge is making an attempt to unfold “JOMO” in Web3 as an alternative whereas elevating cash for charitable causes.
With Psychological Well being Consciousness Month underway, the JOMO Impact NFT challenge appears to sprinkle positivity all through the neighborhood and counteract the nervousness that may come from maintaining with the fast-moving house. JOMO is brief for “pleasure of lacking out,” a decidedly completely different sensation from FOMO.
The JOMO Impact NFT assortment is the brainchild of Peace Inside Dwell, a collective of content material creators, digital artists, and psychological well being and wellness advocates. Peace Inside Dwell started its journey throughout the peak of the COVID-19 pandemic, which can be when the NFT house first surged to towering peaks.
In celebration of #MentalHealthAwarenessMonth my group and I at @sevaislove have joined @peaceinsidelive and @TIMEPieces and others within the web3 & wellness house to launch the #JOMOeffect artwork assortment in assist of 5 wonderful non-profits. pic.twitter.com/WrL2xvi8op
— Deepak Chopra (@DeepakChopra) Might 3, 2023
Dropping on Might 10, JOMO Impact is a set of 40 distinctive digital artwork collectibles by varied artists with a deal with wellness and psychological well being. The challenge will probably be accessible through the Magic Eden market and minted on Ethereum scaling community, Polygon.
Artists and companions becoming a member of within the assortment embody religious thinker Deepak Chopra’s Seva Love challenge, Time journal’s TimePieces, Home of First, Jeremy Fall, Jana Stern, Brittany Pierre, Coco Stardust, Dr. Lemny Perez, Jimena Buena Vida, Kira Bursky, and Kristina Flynn.
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Minting a JOMO Impact NFT will value 24 MATIC (about $23 immediately) within the public sale, and proceeds from the drop will profit 5 psychological well being charities: Aakoma Challenge, Half The Story, The MINDS Basis, LOVELOUD Basis, and the American Basis for Suicide Prevention.
Collectors who purchase a minimum of 5 JOMO Impact NFTs will obtain a particular version Adam Bomb Squad NFT for each set of 5, and people who gather all 40 distinctive NFTs will obtain additional perks, together with tickets to occasions by TimePieces and Home of First.
“Web3 generally is a lonely house, as a lot because it preaches neighborhood, as a result of our complete worlds stay on-line disconnected from different people,” artist Fall advised Decrypt. “I’ve been an avid advocate of psychological well being consciousness over the previous couple of years, and suppose it’s one thing that must be extra outstanding in Web3. ‘JOMO’ is an fascinating new means to assist convey a message by bringing artists collectively.”
Fellow contributing artist Pierre, in the meantime, advised Decrypt that she has “skilled FOMO to the nth diploma” throughout her two years within the house. “It’s essential to face again and see the larger image,” she added.
Why JOMO?
FOMO took maintain within the NFT market amid the 2021 surge, as merchants volleyed to mint paintings and collectibles that usually introduced appreciable returns when bought—what merchants typically jokingly known as “generational wealth” from flipping JPEGs.
Because the market has struggled and change into ever extra risky during the last 12 months, merchants have struggled amid diminishing demand as fewer bets on NFTs have panned out when it comes to returns—to not point out a prevalence of scams, hacks, and exploits that see collectors parted with their NFTs and/or cash.
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The aim for his or her piece: “Creating safer areas for BIPOC + LGBTQIA identities. Creating radical revolution to empower and individuate.”
[1/2] pic.twitter.com/suS6sVqSAP— PeaceInsideLive #JomoEffect (@peaceinsidelive) Might 5, 2023
“FOMO is a fairly distinctive taste of tension,” Peace Inside Dwell co-founder Jordana Reim advised Decrypt. “We have now been actually centered on supporting psychological well-being, and one of many psychological plagues that we’ve got felt very deeply—notably in tech and Web3—is nervousness.”
One other time period has additionally change into synonymous with crypto: “FUD,” or “concern, uncertainty, and doubt.” Final summer time, the Bear Market Screaming Remedy Group was fashioned on Telegram to provide crypto merchants a spot to voice (or yell) their emotions concerning the state of the market. November’s collapse of FTX solely amplified the broader nervousness within the crypto world, alongside different notable platform shutdowns. Occasions like these helped encourage the JOMO Impact initiative.
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“I’ve spent a lifetime advocating for psychological well being and wellness, and the JOMO Impact has been an unbelievable alternative to make an affect on a big scale on this means,” Peace Inside Dwell Web3 Supervisor Jana Stern advised Decrypt.
“I hope that on the opposite aspect of this mint that we alter—even a little bit bit—the best way we construct Web3, with a deal with well-being,” she continued. “As a result of if the individuals constructing Web3 and the brand new world usually are not OK, then nothing will get constructed.”
As a particular thanks to #JOMOeffect collectors, everybody will probably be supplied an opportunity to take part in our upcoming @ChopraFNDN #SoulofLeadership program launching later in 2023 ❤️
Gather all 40 items and have the ability to be part of me for a particular video name meditation and Q&A pic.twitter.com/NjO9wagYzW— Deepak Chopra (@DeepakChopra) Might 3, 2023
Peace Inside Dwell co-founder Shira Lazar mentioned that along with utilizing the Polygon blockchain to mint the NFTs, Polygon Labs additionally labored carefully with the group and supported the JOMO Impact challenge with Twitter Areas and promotion.
The JOMO Impact was additionally created in partnership with Deepak Chopra’s Seva Love and the Chopra Basis to supply psychological health-focused advantages for NFT holders, together with an unique on-line meditation with Chopra.
Different perks embody entry to Peace Inside Dwell’s library of courses and meditations, plus reductions on metaphysic and wellness companies that the group hopes will create consciousness for a motion round bettering private well being and creating pleasure from inside by arts, dialog, and neighborhood.
“We wish individuals to know their affect from supporting a challenge like this,” Lazar added. “Not solely are you getting an attractive piece of artwork that’s sometimes value most likely 1 ETH+ for a few of our artists, however you’re giving again—and you then’re getting again one thing for your self.”
