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The company previously stated that carbon-neutral NFTs would be available by 2030, and that their JumpNet blockchain is already carbon-negative.
Nonfungible token (NFT) and blockchain gaming platform Enjin has been accepted as a participant in the United Nations Global Compact, a nonbinding treaty aiming at encouraging firms to implement sustainable, socially responsible policies.
Enjin announced on Tuesday that it would be exploring ways to use NFTs to promote sustainability and equality as part of the UN pact. The company suggested using the technology to fight climate change by employing it in carbon-capture companies and reducing the global wealth gap by allowing creators around the world permissionless access to NFT markets.
“While we are struggling to recover from the global pandemic and its impacts, we are experiencing exponential growth of technologies like AI and blockchain,” said the head of the Centre for AI and Robotics at the United Nations Interregional Crime and Justice Research Institute, Irakli Beridze. “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.”
The United Nations has listed 17 goals on sustainable development it hopes to achieve by 2030, including reducing inequality, providing quality education, and encouraging responsible consumption and production. Esther Chang, executive director of the Global Compact Network Singapore, said Enjin’s involvement with the UN pact could help meet these goals, as “technology plays an important role.”
The company has already joined projects aimed at more environmentally friendly and sustainable practises, such as the Crypto Climate Accord, which requires partners to pledge to reaching net-zero emissions from electricity consumption. Enjin stated that carbon-neutral NFTs would be available by 2030, and that its JumpNet blockchain is already carbon-negative.
As the effects of climate change appear to be rising, environmental issues have taken centre stage in global industries, including crypto and blockchain. Blockchain, according to the United Nations, has the ability to address the climate crisis and contribute to a more sustainable global economy.