Enjin Joins United Nations Global Compact (UNGC) To Help Shape A Sustainable Cryptocurrency Future

Enjin Joins United Nations Global Compact (UNGC) To Help Shape A Sustainable Cryptocurrency Future

Enjin, the blockchain platform for NFTs, has become the first NFT company to be accepted into the United Nations Global Compact, the world’s largest corporate social responsibility and sustainable development initiative.

Brands Join Forces To Make A Difference

Spearheading the fight against cryptocurrency-induced pollution, Enjin, the leading NFT platform, has contributed immensely to making the NFT ecosystem more environmentally friendly. Adding yet another milestone to its list of achievements, Enjin has become the first NFT company to be accepted into the United Nations Global Compact (UNGC).

By joining the initiative, Enjin highlights its commitment to aligning its operational activities with the UNGC’s ten principles covering human rights, labor relations, anti-corruption, and environmental protection. With a keen focus on collaborating with other businesses and organizations working towards the United Nations Sustainable Development Goals (SDG), Enjin joins thousands of other companies committed to making the world a better place. 

Irakli Beridze, Head, Centre for AI and Robotics, UNICRI, United Nations, said, “We are excited to work with Enjin to explore how blockchain and NFTs can contribute to the fulfillment of the United Nations Sustainable Development Goals. While we are struggling to recover from the global pandemic and its impacts, we are experiencing exponential growth of technologies like AI and blockchain. More than ever, we need to take advantage and harness the potential of these new technologies to ensure that we are better equipped and more united in the future, in order to make our planet a more livable, equitable place for all.”

Building A Carbon-Neutral Blockchain Ecosystem

As the environmental impact of blockchain remains a hotly debated topic, Enjin has proven to critics that the industry can grow in sustainable and environment-friendly ways. The platform is already part of the Crypto Climate Accord, which aims to reduce the vast carbon footprint of cryptocurrency and the blockchain industry. 

Besides these efforts, Enjin has revealed that its JumpNet blockchain is carbon-negative. JumpNet’s green credentials are impressive, given it consumes 99.99% less electricity than the Ethereum blockchain. 

It has further partnered with Beyond Neutral to offset more carbon by using the company’s carbon credits. Moreover, Enjin’s JumpNet initiative also directly supports UNGC’s Principle 9, which focuses on “encouraging the development and diffusion of environmentally friendly technologies.”

Enjin CEO Maxim Blagov adds, “At Enjin, we’re developing a sustainable ecosystem to create a better future using NFTs. Joining the UN Global Compact reaffirms our commitment to improving people’s lives through blockchain technology and will ensure these efforts are sustainable, focused, and optimized while holding us accountable to the public along the way.”

Contributing further to the global cause of sustainability, Enjin aims to make JumpNet and Efinity, Enjin’s upcoming Polkadot parachain, 100% carbon neutral by 2030. The company will also explore other use cases of NFTs to support the UN’s sustainability and equality missions by developing new features, such as permissionless access across borders to help global creators come together and benefit from the growing industry.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Read the article:  BTC/USD Pushes Towards 35000: Sally Ho's Technical Analysis 26 July 2021 BTC

Every trader who trades cryptocurrency on the Binance exchange wants to know about the upcoming pumping in the value of coins in order to make huge profits in a short period of time.
This article contains instructions on how to find out when and which coin will participate in the next “Pump”. Every day, the community on Telegram channel Crypto Pump Signals for Binance publishes 1-2 free signals about the upcoming “Pump” and reports on successful “Pumps” which have been successfully completed by the organizers of the VIP community.
These trading signals help earn from 20% to 150% profit in just a few hours after purchasing the coins published on the Telegram channel “Crypto Pump Signals for Binance”. Are you already making a profit using these trading signals? If not, then try it! We wish you good luck in trading cryptocurrency and wish to receive the same profit as VIP users of the Crypto Pump Signals for Binance channel. Examples can be seen on this page!
John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

Leave a Reply