As the first NFT company to join the Compact, Enjin will continue to reduce its environmental footprint and promote equality
Blockchain-based gaming company Enjin announced yesterday that it has become the first non-fungible token company (NFT) to join the United Nations Global Compact.
The UN Global Compact is a voluntary initiative to encourage companies around the world to adopt sustainable and socially responsible policies and to report on their implementation.
Former Secretary General Kofi Annan adopted the pact in the 2000s and the framework has now expanded to more than 170 countries and over 13,000 companies.
The ten guiding principles of the Global Compact focus on the issues of human rights, work, the environment and the fight against corruption. With a focus on positive change for the environment and society, Enjin will use blockchain technology to solve these problems.
“We are excited to be working with Enjin to find out how blockchain and NFTs can help meet the United Nations Sustainable Development Goals“Said Irakli Beridze, Head of the Center for AI and Robotics at the United Nations Interregional Research Institute on Crime and Justice.
Enjin is already addressing environmental issues after previously joining the Crypto Climate Accord and making its Ethereum scaling solution JumpNet carbon negative to reduce the environmental impact of NFTs.
Beridze added: “As we struggle to recover from the global pandemic and its effects, we are witnessing exponential growth in technologies like AI and blockchain. More than ever, we must use the potential of these new technologies in order to be better equipped and united in the future to make our planet more livable and fairer for everyone. “
The crypto project will also take into account the United Nations Sustainable Development Goals (SDGs) to find more ways to protect the planet through NFTs, as well as aim to unite actors to tackle inequality and injustice and end extreme poverty . The technology already promotes equal opportunities as access to NFT markets is permit-free.
Enjin CEO Maxim Blagov stated: “Joining the UN Global Compact reaffirms our commitment to improving people’s lives through blockchain technology and will ensure that those efforts are sustainable, focused and optimized, while also being accountable to the public. “