Enjin (ENJ) Now a Member of the UN Global Compact
Popular blockchain-based gaming platform, Enjin (ENJ), continues to show that it is far more than just an NFT platform.
In line with this Enjin (ENJ) has announced that it was 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 further reiterates Enjin’s focus on promoting sustainability and Equality. The UN Global Compact is well-known for its initiatives focused on protecting human rights as well as labour rights and general environmental sustainability. The UN Global Compact is also focused on preventing all forms of corruption.
Details of the Membership
Enjin is the first-ever blockchain gaming and NFT firm to become a member of the UN Global Compact. The blockchain gaming and NFT platform joins Enjin as the UN Global Compact as a Participant. Interestingly, being a participant is the highest membership rank in the Global Compact. This rank requires top-notch diligence and commitment to sustainability, and equality in line with the UN Global Compact Ten (10) principles. These principles basically guide the activities of the UN Global Compact with regards to human rights, the environment, and labour. Notably, the UN Global Compact is also interested in helping businesses work towards attaining the UN Sustainable Development Goals (SDGs).
Speaking on the announcement, Head of the UN’s Centre for AI and Robotics (UNICRI), Irakli Beridze spoke highly of Enjin joining 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 fulfillment of the United Nations Sustainable Development Goals.”
Adding that the world is looking to recover from the challenges brought to life by the onslaught of COVID-19. In line with this, upcoming innovative technologies like Artificial Intelligence (AI), and blockchain tech are currently experiencing unprecedented growth. Beridze also disclosed that now “[…] 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.”
More on Enjin (ENJ)
Enjin has been making impressive eco-friendly leaps in recent times. Interestingly, its recently launched top-notch blockchain JumpNet also joined the Crypto Climate Accord with the mandate to become carbon-negative. The blockchain gaming platform has also made impressive efforts to decarbonize its NFTs on Ethereum. Enjin’s actions with regards to environmental sustainability support Principle 9 of the UN Global Compact. The principle is generally focused on the “[…] development and diffusion of environmentally friendly technologies.”
Following becoming a member of the Crypto Climate Accord Enjin’s JumpNet already utilizes 99.99% less energy when compared to Ethereum chain energy usage. Also, its sharded Proof-of-Stake (PoS) parachain, Efinity, will work on discovering new and innovative ways to facilitate sustainability, and equality in the NFT space. Interestingly, the blockchain gaming platform has also put forward a 5-step plan to ensure carbon-neutral NFTs are a reality.
Maxim Blagov, CEO of Enjin, also revealed that becoming a member of the UN Global Compact reiterates Enjin’s “[…] commitment to improving people’s lives through blockchain technology, and will ensure these efforts are sustainable, focused, and optimized while holding us accountable to the public along the way.”
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.
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