First NFT Company Accepted Into UN Global Compact

Blockchain platform Enjin as the 1st NFT company accepted in the United Nations (U.N.) Global Compact.

Membership of the Global Compact requires companies to align their business models with the Ten Principles derived from U.N. declarations on human rights, labor, anti-corruption and the environment.

Enjin said it has made significant strides in lowering the climate impact of NFTs through the development of its JumpNet blockchain, an attempt to address soaring gas fees on the Ethereum network.

The company also joined the Crypto Climate Accord, an initiative designed to make the cryptocurrency industry run entirely on renewable energy by 2025.

Enjin said it will explore how NFTs can help achieve the U.N.’s sustainability and equality aims, including reducing the wealth gap between nations by leveling the playing field for creators to compete in a global marketplace.

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