Enjin joins United Nations Global Compact to promote sustainability and equality

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SINGAPORE / ACCESSWIRE / July 20, 2021 / Engine, the pioneering blockchain platform for non-fungible tokens (NFT), became the first NFT company accepted into the United Nations Global Compact. The company adheres to the Global Compact as a participant, the highest rank of member.

Joining the United Nations Global Compact requires a strong commitment to sustainability and equality according to the Ten Principles of the United Nations Global Compact, which offers advice in the areas of human rights, the environment and labor. More broadly, the Global Compact aims to support companies in their approach towards the objectives of the United Nations. Sustainable development goals (ODD).

“We are excited to work 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, Nations United. “As we struggle to recover from the global pandemic and its impacts, we are experiencing exponential growth in technologies like AI and blockchain. More than ever, we need to harness and harness the potential of these new technologies for us. ensure that we are better equipped and more united in the future, in order to make our planet a more livable and more equitable place for all. “

Through launch of the ecological JumpNet blockchain and membership of the Crypto Climate Accord, Enjin has made significant progress in decarbonizing NFTs on Ethereum. These efforts directly support Principle 9 of the Global Compact, which focuses on “the development and diffusion of environmentally friendly technologies”. JumpNet already uses 99.99% less power than Ethereum, the most commonly used network for NFTs. Continuing its commitment to sustainable NFTs, Enjin recently took carbon-negative JumpNet and built Infinity, a fragmented Proof of Stake parachain on Polkadot.

Enjin will explore new ways to use NFTs to carry out the UN’s sustainability and equality missions. For example, technology could become the financial and monetization backbone of carbon capture companies, helping to fight climate change. Unauthorized access to NFT markets can also help to eliminate the inequality of opportunity between different nations, enabling NFT creators and users around the world to compete on an equal footing and close the gap in global wealth.

“With less than ten years to achieve the United Nations 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 the Global Compact. Singapore Network. “We warmly welcome Enjin to the United Nations Global Compact and look forward to working alongside them to take decisive action on the SDGs. “

Enjin’s membership in the Global Compact comes against a backdrop of growing awareness that sustainability, both social and environmental, is key to unlocking billion dollars in value over the next decade. Conversely, many prominent figures have criticized NFTs for their perceived carbon footprint, which Enjin directly addressed by posting JumpNet along with a 5-step plan to enable carbon-neutral NFTs.

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

About Enjin

Engine is the all-in-one platform for developing scalable and interoperable blockchain ecosystems, making it easy for anyone to adopt NFTs. NFTs are at the heart of the Enjin ecosystem, which offers a complete product stack for creating, integrating, trading and distributing NFTs on a scalable platform and at near zero cost. Enjin’s products find wide application in blockchain games, apps, corporate 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 is a call for companies around the world to align their operations and strategies with the ten principles in the areas of human rights, labor, environment and anti-corruption. Our ambition is to accelerate and intensify the global collective impact of companies by respecting 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-commercial signatories based in more than 160 countries and 69 local networks, the United Nations Global Compact is the world’s largest corporate sustainability initiative – a Global Compact that unites businesses to a better world.

CONTACT:

Dan Edelstein
[email protected]
+ 972-545-464-238

SOURCE: Engine

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https://www.accesswire.com/656249/Enjin-Joins-United-Nations-Global-Compact-to-Promote-Sustainability-and-Equality

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