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Blockchain Entity Became Crypto Climate Accord Member, Achieving Carbon Negative Status

By | June 29, 2021

Blockchain gaming and nonfungible token (NFT) platform Enjin reportedly upgraded its footprint decarbonization game, via the Crypto Climate Accord participation. 

Specifically, the development will reportedly increase the credibility of the sector’s increasing environmental mandate. 

The Crypto Climate Accord reportedly receives the support of 20 companies across the blockchain, fintech and greentech spheres, and gets the inspiration from the 195-signatory Paris Climate Agreement. 

The Accord was reportedly rolled out in April this year, with a primary goal of dealing with the “large and growing energy consumption of cryptocurrency and blockchain, and the climate impact of their energy use.”

Enjin reportedly revealed that its JumpNet blockchain has already been successful in going carbon-negative, nine years prior to the initially determined deadline. In March, the firm worked out a plan to roll out carbon-neutral NFTs by 2030.

“The creation of new forms of technology should never come at the cost of destroying our environment. Carbon neutrality for JumpNet is an important step toward our vision of a sustainable NFT ecosystem for Enjin and our partners.” Head of Enjin, Maxim Blagov, reportedly remarked. 

Apart from the decarbonization of freshly formed tokens, the tokenization of the physical economy and decarbonizing current virtual assets is also included within the scope of Enjin’s environmental sustainability plan. 

Additional Methods reportedly are upgrading to carbon-neutral nodes and incentivizing carbon reduction technologies. 

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