Unique Network will provide NFT platform for UN climate system

The United Nations is finding into the hot category of blockchain-based nonfungible tokens, or NFTs. Unique Network announced that the UN has chosen its NFT platform as a lead tech companion for the DigitalArt4Climate initiative to fight climate adjust.

The UN’s accredited Human Settlement Programme (UN-Habitat) and the International Association for the Advancement of Innovative Approaches to Global Challenges (IAAI GLOCHA) chose Unique Network for DigitalArt4Climate.

Unique Network is an NFT answer based on blockchain, the transparent and safe digital ledger. Unique Network is expanding the capabilities for NFTs by way of its more effective and scalable proof-of-stake answer, presently constructed for the Kusama and Polkadot
blockchain networks.

As the climate crisis continues to escalate, it is crucial that the young persons of the world are brought into the answer-generating approach, the UN mentioned. To this finish, the United Nations has recognized NFT technologies as a exceptional new medium for inventive expression that can support amplify messages about climate action.

NFTs are a way for artists to monetize their work on a international scale and continue to acquire payments for their work lengthy soon after it is sold. Artists anyplace in the world can attain an international audience of collectors who assistance their work and mission, and the U.N. desires to bring this revolutionary art kind to the next generation of creators who stand to advantage from a technologies that can support them amplify and monetize their work.

DigitalArt4Climate aims to empower young artists, designers, and activists worldwide to generate art that can inspire persons to take action against the international climate crisis.

NFTs have exploded in applications such as art, sports collectibles, and music. NBA Top Shot (a digital take on collectible basketball cards) is one instance. Built by Dapper Labs, NBA Top Shot has surpassed $700 million in sales, just seven months soon after going public. And an NFT digital collage by the artist Beeple sold at Christie’s for $69.3 million. Gaming has a couple of new unicorns, or startups valued at $1 billion, in Animoca Brands and Forte. NFTs are now promoting at a price of $213 million a week, back at a level previously seen at the peak in May.

Tech activism

Technology has lengthy been a resource  for activism, and NFTs represent a new medium that is optimized for the digital age, the enterprise mentioned. Unique Network will generate and host DigitalArt4Climate’s NFT marketplace for these artists and internet designers to showcase their artwork.

The marketplace will be constructed on Unique Network’s prepared-to-use suite of NFT options that makes use of blockchain technologies that is optimized for power efficiency and low carbon effect.

As element of its efforts to mitigate the effects of climate adjust, the United Nations designated 2021 as the year of “Creative Economy for Sustainable Development” to highlight the worth of creativity as a uniquely effective resource in implementing and attaining the UN’s sustainable development targets.

DigitalArt4Climate, in partnership with UN-Habitat, is an initiative aimed at accelerating the forces of creativity to empower robust climate action. The DigitalArt4Climate initiative invites the world’s young artists to generate art that will inspire persons to challenge and mobilize the important sources for people to take climate action in the context of the Action for Climate Empowerment programme of the UN.

Unique Network has joined the DigitalArt4Climate Initiative to lead the technical implementation of the system, alongside companion organizations Global Challenges Action Network (GLOCHA), UN-Habitat, Social Alpha Foundation, Exquisite Workers, and Pallette69. Social Alpha Foundation will provide mentorship sessions for artists and sponsor the winner awards. Exquisite Workers is the lead inventive and content companion for the initiative when Pallette69 is major UX/UI mentorship for Designathon.

Alexander Mitrovich, CEO of Unique Network, mentioned in a statement that blockchain technologies and open information can be made use of as a adjust agent in identifying actions to defend the climate.

The initially element of this initiative was a Designathon, a design and style competitors began in July that saw UX/UI designers compete to generate the digital art gallery and marketplace that will showcase the second element of this initiative, DigitalArt4Climate Art Competition. Starting on International Youth Day, August 12, young artists will be in a position to submit their work on the initiative’s site. At the finish of the competitors, the DigitalArt4Climate contest submissions will be place up for auction on the DigitalArt4Climate marketplace, exactly where artists can monetize their creations.

The sophisticated features of Unique Network will permit for constructing in versatile financial and income models for person artists. The DigitalArt4Climate Initiative’s work system was structured to complement the United Nations Climate Change Conference of Parties (COP26), the annual international summit exactly where nations meet to attain agreements on how to tackle climate adjust collectively, which requires location in Glasgow, Scotland, in November.

Originally appeared on: TheSpuzz