Pessimistic Donkey College, a new non-fungible token (NFT) project focused on long-term growth and the investor community, is set to launch on January 15, 2023.
The market for NFTs has seen a 60% decline from Q3 to Q4 this year and has fallen for the 6th consecutive month, leading to a sense of pessimism in the industry.
In an effort to revitalize the bear market, Pessimistic Donkey College said it plans to implement a royalty-free model to encourage post-launch trading and participation, and is also developing an innovative stake system.
In addition, the project claims it will host a weekly mental health podcast to raise awareness and educate their audience on the importance of mental health.
This combination of an NFT with a socially conscious project showcases the potential for NFTs to not only serve as investment tools, but also to contribute to the greater good.