Enjin joins Crypto Climate Accord, CO2 negative
Enjin, an incredible token and blockchain gaming platform, has advanced its decarbonization by joining the Crypto Climate Pact, a move that gives credibility to the industry’s growing environmental mandate.
The crypto climate pact is supported by 20 companies from the blockchain, fintech and tech sectors. Inspired by the Paris Agreement signed in 1955, the agreement was signed in April to address “the large and growing energy consumption of cryptocurrencies and blockchain and the climate impact of cryptocurrencies”.
Enjin claims that its JumpNet blockchain reached carbon negative status 9 years ahead of time. In March, the company announced that it would enable carbon-free NFTs by 2030.
“The development of new technologies never comes at the expense of the destruction of our environment,” said Maxim Blagov, CEO of Enjin. “Being carbon neutral for JumpNet is an important step towards our vision of a sustainable NFT ecosystem for Enjin and our partners.”
In addition to decarbonizing newly created tokens, Enjin’s environmental sustainability plan includes supporting the tokenization of the physical economy and the decarbonization of existing digital assets. Other measures include upgrading to carbon neutral nodes and promoting carbon reduction technologies.
Environmental concerns have largely taken over the narrative of Bitcoin this year, with people like Elon Musk casting shadows on carbon-intensive mining. The Tesla CEO briefly accepted Bitcoin earlier this year before deciding that BTC payments could no longer be accepted due to environmental risks. Now he claims his company is ready to accept payments in virtual currency as long as there is more evidence of sustainable mining.
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Other environmental sustainability efforts in crypto are also underway. As reported by Cointelegraph, the Gemini exchange bought Tyler and Cameron Winklevoss carbon credits to help reduce Bitcoin’s carbon footprint. Separately, American mining company Stronghold Digital Miner recently announced that it had raised $ 105 million to offload waste coal into cryptocurrency mining.