Enjin, the pioneering blockchain platform for non-fungible tokens (NFTs), is the first NFT company admitted to the United Nations Global Compact. The company joins the Global Compact as a participant, the highest membership rank.
Membership in the UN Global Compact requires a strict commitment to sustainability and equality according to the ten principles of the UN Global Compact, which provide guidance in the areas of human rights, environment and labour. More generally, the Global Compact aims to support companies in working towards the UN Sustainable Development Goals (SDGs).
“We are excited to partner with Enjin to explore how blockchain and NFTs can contribute to the achievement of the United Nations’ Sustainable Development Goals,” said Irakli Beridze, head of the Center for AI and Robotics, UNICRI, United Nations. Nations. “As we struggle to recover from the global pandemic and its effects, we are experiencing an exponential growth of technologies such as AI and blockchain. More than ever, we need to take advantage and harness the potential of these new technologies to ensure we are better equipped and more united in the future to make our planet a more livable, fairer place for all.” Nano has gone up.
By launching the eco-friendly JumpNet blockchain and joining the Crypto Climate Accord, Enjin has made significant strides in decarbonizing NFTs on Ethereum. These efforts directly support Principle 9 of the Global Compact, which focuses on “the development and diffusion of environmentally sound technologies”. JumpNet already consumes 99.99% less energy than Ethereum, the most widely used network for NFTs. Continuing his commitment to sustainable NFTs, Enjin recently took JumpNet CO2 negative and is building Efinity, a sharded Proof of Stake parachain on Polkadot.
Enjin will explore new ways to use NFTs to carry out the UN’s missions of sustainability and equality. For example, the technology could become the financial and monetization backbone of companies that capture CO2 and thus help combat climate change. Permissionless access to NFT markets can also help eliminate the unequal opportunities between different countries, allowing global creators and NFT users to compete on an equal footing and narrowing the global wealth gap.
Meeting the agenda
“With less than a decade left to meet the UN’s 2030 Agenda for Sustainable Development, technology plays an important role that can help us achieve the SDGs faster and contribute to a more prosperous and sustainable world” , said Esther Chang, Executive Director of Global Compact Network Singapore. “We warmly welcome Enjin to the United Nations Global Compact and look forward to working with them to take decisive action on the SDGs.”
Enjin’s membership in the Global Compact comes amid a growing realization that sustainability, both social and environmental, is key to unlocking trillions of dollars in value over the next decade. Conversely, many prominent figures have criticized NFTs for their perceived carbon footprint, which Enjin directly addressed through the release of JumpNet alongside a 5-step plan to enable carbon neutral NFTs.
“At Enjin, we are developing a sustainable ecosystem to create a brighter future using NFTs,” said Maxim Blagov, CEO of Enjin. “Participating in 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 ourselves accountable to the public along the way.” Tradingview has started to rise.
Enjin is the all-in-one platform for developing scalable, interoperable blockchain ecosystems, making it easy for anyone to use NFTs. NFTs are central to the Enjin ecosystem, which provides a comprehensive product stack for creating, integrating, trading and distributing NFTs on a scalable and nearly free platform. Enjin’s products are widely applied in blockchain games, applications, business programs and innovative marketing campaigns.
About the United Nations Global Compact
As a special initiative of the UN Secretary-General, the United Nations Global Compact calls on companies around the world to align their activities and strategies with ten principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and achieving the Sustainable Development Goals through responsible companies and ecosystems that enable change. With more than 12,000 companies and 3,000 non-corporate signatories in more than 160 countries and 69 local networks, the UN Global Compact is the world’s largest corporate social responsibility initiative – one Global Compact uniting businesses for a better world.