Enjin Blockchain Goes Carbon-Negative, Joins the Crypto Climate Accord

Jafrin  |  Jun 25, 2021

Blockchain gaming and nonfungible token (NFT) platform, Enjin has stepped up in decarbonizing its footprint by joining the Crypto Climate Accord.

Enjin Blockchain Joins the Crypto Climate Accord

Following the recent debates surrounding around high energy usage from cryptocurrency projects, Enjin has turned its JumpNet blockchain carbon negative after joining the Crypto Climate Accord.

Launched by Energy Web, the Alliance for Innovative Regulation, and RMI, the Accord is a private sector-led initiative to make the cryptocurrency industry 100% renewable.

The Crypto Climate Accord is backed by 20 companies from the blockchain, fintech, and Greentech industries that are inspired by the Paris Climate Agreement established in April to address the “large and growing energy consumption of cryptocurrencies and Blockchain technology and its climate impact.”

Doug Miller, Global Markets Lead at Energy Web remarks on Enjin's effort towards greener practice:

"We are happy to see Enjin join this fast-growing community of companies that want to build solutions to decarbonize the crypto sector. The race is on for someone like Enjin to lead the way with delivering proof of green NFTs while promoting standard energy and carbon industry practices."

Even before joining the initiative, Enjin's (ENJ) said that JumpNet “already uses less energy than the average US household and 99.99% less electricity than Ethereum.”

Enjin Achieves Carbon-Negative Status 9 Years Ahead of Schedule

Going carbon neutral now means that Enjin has already achieved its carbon-negative status nine years ahead of schedule as it had planned to do so by 2030 initially.

Remarking that the newer forms of technology should never come at the cost of destroying our environment, Maxim Blagov, Enjin CEO, said:

“It’s crucial to consider our planet first, even while innovating. The creation of new forms of technology should never come at the cost of destroying our environment. 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.”

The latest move by Enjin marks yet another milestone amid debates surrounding energy-intensive blockchains with activists claiming these projects negatively impact climate change over the globe.

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