The United Nations Framework Convention on Climate Change (UNFCCC) along with climate change entrepreneurs and Cointelegraph have considered the potential role of emerging technologies such as blockchain in solving global issues including climate change.
Cointelegraph editor-in-chief Kristina Cornèr made this known during the theDigitalArt4Climate press conference where he spoke about the various blockchain initiatives that actively fight climate change.
Also speaking during the conference, Anna Dart, a digital avatar by DigitalArt4Climate, shared the idea of bringing together artists to inspire climate change.
She said, “We are blessed with having the opportunity to impact our world with the transformational power of art and eco-friendly blockchain technology together.”
Read also: Brazil’s Bolsonaro, Biden meet on climate change
As part of the initiative, the digital arts of the finalists will be exhibited as clean nonfungible tokens (NFT) across various UN initiatives related to climate change.
In his reaction during the conference, Miroslav Polzer, the founder and CEO of IAAI and the strategic director of the Climate Chain Coalition, said that the next phase of the initiative will involve mobilising the resources or funds.
According to him, the sale of the clean NFT aims to support the United Nations’ youth-focused Sustainable Development Goals initiative — with 15% of the revenue going to the artists, and 35% to the Youth Climate Action Fund.
He maintained that the remaining 50% will be dedicated to institutional and technological infrastructure for non-party stakeholders including DigitalArt4Climate management, the United Citizens Organization DAO set-up, education and GloCha GoodLifeApp.
The CEO of Global Youth Climate Action Fund Institution, Dolphine Magero also highlighted the importance of including artists that wish to join in on the global fight against climate change.
Story was adapted from CoinTelegraph.
