Categories: Market

UN launches NFT to highlight climate crisis

The NFT  frenzy was the biggest talking point this year as many well-known brands and celebrities turned to NFT for advertising and auctions. The newest to get into the game is the United Nations, but their focus is on the United Nations adopting the NFT to highlight the climate crisis rather than just using it for a promotional event.

UN launches NFT to raise awareness of the climate crisis

UN launches NFT to raise awareness of the climate crisis

The United Nations has announced a climate initiative called DigitalArt4 Climate that will convert the winners’ artworks into NFTs. The UN exhibited the results of its climate art initiative at the UN Climate Change Conference in Glasgow, Scotland. The UN Habitat team has teamed up with Unique Network, IAAI GLOCHA and exquisite workers to create its NFT climate initiative.

Alexander Mitrovich, CEO of Unique Network, said:

“We are pleased to be able to show that the properties of distributed ledger technology and open data can be used to support stronger actors of change in defining climate protection measures. Unique Network is very proud to work with these important initiatives by the United Nations, the global authority on models of challenge and justice, for a just transition. We believe the future of human expression lies in the NFT, and we strive to show the world how to unite our various communities in the fight to save our planet.

United Nations Adopts NFT – Rapid Growth NFT Industry

Non-fungible tokens, also known as NFTs, were first created in early 2012-2013 primarily on the Bitcoin blockchain, where people tokenize real assets using decentralized technology.

However, it wasn’t until 2017 that NFTs became very popular when fan tokens and major sports leagues started using them to allow more fan interaction. .

2021 is proving to be a disruptive time for the NFT ecosystem as it becomes hugely popular with digital artists, brands, celebrities, and even government agencies. Some of the original NFT collections have become new collections and have collected millions of JPEG images.

While the focus of the United Nations’ adoption of NFT is not on advertising or investment, it also shows that the NFT market is attracting unprecedented attention in history as more companies gain a foothold.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and exchange information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

3 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

6 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

8 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

9 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

12 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

15 hours ago

This website uses cookies.