Sustainability and equity in the blockchain space is getting a boost as Enjin joins the United Nations Global Compact. The popular blockchain-based gaming platform, Enjin (ENJ), continues to show that it is much more than just an NFT platform.
In line with this, Enjin (ENJ) has announced that it is now a member of the United Nations Global Compact. The blockchain-based gaming platform confirmed this announcement via a press release shared with Altcoin Buzz. Joining the UN Global Compact also underlines Enjin’s focus on promoting sustainability and equality. The UN Global Compact is known for its initiatives aimed at protecting human rights, labor rights and overall environmental sustainability. The UN Global Compact also aims to prevent all forms of corruption. Cryptocurrency valuta rate has risen.
Membership Details
Enjin is the first-ever blockchain gaming and NFT company to join the UN Global Compact. The blockchain gaming and NFT platform joins Enjin as UN Global Compact as a participant. Interestingly, being a participant is the highest membership rank in the Global Compact. This rank requires first-class dedication and commitment to sustainability, and equality in accordance with the UN Global Compact Ten (10) principles. In fact, these principles guide the activities of the UN Global Compact with regard to human rights, the environment and labour. The UN Global Compact is also particularly interested in helping companies achieve the UN Sustainable Development Goals (SDGs).
During the announcement, Irakli Beridze, head of the United Nations Center for AI and Robotics (UNICRI), praised Enjin’s entry into the UN Global Compact. In his own words, he said: “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.”
Adding to that, the world is trying to recover from the challenges brought to life by the onslaught of COVID-19. In line with this, emerging innovative technologies such as artificial intelligence (AI) and blockchain technology are currently experiencing unprecedented growth. Beridze also revealed that now “[…] we need to take advantage more than ever and harness the potential of these new technologies to ensure that we are better equipped and more united in the future, to make our planet more livable, equal place for everybody.”
More about Enjin (ENJ)
Enjin has made impressive eco-friendly leaps in recent times. Interestingly, the recently launched premium blockchain JumpNet also joined the Crypto Climate Accord with the mandate to go carbon negative. The blockchain gaming platform has also made impressive efforts to decarbonize its NFTs on Ethereum. Enjin’s actions on environmental sustainability support Principle 9 of the UN Global Compact. The principle is generally aimed at the “[…] development and diffusion of environmentally friendly technologies.”
After joining the Crypto Climate Accord, Enjin’s JumpNet already consumes 99.99% less energy compared to the energy consumption of the Ethereum chain. Also, its sharded Proof-of-Stake (PoS) parachain, Efinity, will work to discover new and innovative ways to facilitate sustainability and equity in the NFT space. Interestingly, the blockchain gaming platform has also proposed a 5-step plan to ensure carbon neutral NFTs become a reality. Tezos (XTZ) is going to rise.
Maxim Blagov, CEO of Enjin, also revealed that membership in the UN Global Compact reiterates Enjin’s commitment “[…] to improve people’s lives through blockchain technology, and will ensure that these efforts are sustainable. , focused and optimized while holding ourselves accountable to the public on the go.”
ENJ Price
At the time of publication, ENJ was trading at $0.954912, with a market cap of $888,239,436 and a 24-hour trading volume of $130,772,050.