By
Chimamanda U. Martha
April 18th, 2024
Enjin’s platform could reportedly become the financial and monetization foundation of carbon capture companies, which will aid in fighting climate change.
Enjin, a for-profit blockchain company has announced that it has joined the United Nations Global Compact. Enjin is now the first NFT company accepted into the United Nations Global Compact, joining as a Participant, the highest membership rank.
According to the Ten Principles of the UN Global Compact, membership in the UN Global Compact requires total dedication and commitment to sustainability and equality. The Ten Principles of the UN Global Compact offers guidance in the areas of human rights, environment, and labor and is the driving force behind Global Compact’s aim to support businesses in working toward the UN’s Sustainable Development Goals (SDGs).
Head of the Centre for AI and Robotics, UNICRI, United Nations, Irakli Beridze, expressed stated that they are glad and excited to work with Enjin as the partnership will help the United Nations Global Compact explore how blockchain and NFTs can contribute to the fulfillment of the United Nations Sustainable Development Goals.
“While we are struggling to recover from the global pandemic and its impacts, we are experiencing exponential growth of technologies like AI and blockchain. 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, to make our planet a more livable, equitable place for all,” Beridze added.
According to the announcement, Enjin will explore “novel ways” of utilizing NFTs to contribute to the UN’s missions of sustainability and equality. Esther Chang, Executive Director of Global Compact Network Singapore, also stated highlighted the impact technology has in their quest to fulfill the United Nations Sustainable Development Goals as well contribute to a more prosperous and sustainable world.
“With less than ten years left to meet the UN’s 2030 Agenda on sustainable development, technology plays an important role that can help us reach the SDGs faster. We warmly welcome Enjin to the United Nations Global Compact and look forward to working alongside them to take decisive action for the SDGs,” she added.
Enjin’s platform could reportedly become the financial and monetization foundation of carbon capture companies, which will aid in fighting climate change. The press release also revealed how “Permissionless access to NFT markets can also help eliminate the inequality of opportunity between different nations, empowering worldwide creators and NFT users to compete on equal footing and reduce the global wealth gap.”
Enjin is the pioneer blockchain platform for non-fungible tokens (NFTs), which has become a trillion-dollar sector in the crypto space this year. According to the company’s website, it is currently focused on building a product ecosystem that will “help humanity create advanced virtual economies through the power of blockchain technology.”
