Chinese e-commerce giant JD.com drops NFT series on its own blockchain

Chinese online retail giant JD.com is entering the non-fungible token, or NFT, business by introducing a special NFT series for its annua...



Chinese online retail giant JD.com is entering the non-fungible token, or NFT, business by introducing a special NFT series for its annual JD Discovery conference.

Using its proprietary blockchain platform, JD.com will distribute commemorative NFT certificates to attendees of the 2021 JDD event in Beijing, Chinese news agency Sina Finance reported Wednesday.

Specifically, JD.com problem a free NFT to anyone who registers for the JDD 2021 conference between Monday and November 22 via the WeChat mini program on the official event website.

According to the report, the NFT series includes a set of seven NFT models, each containing an image used to represent a different forum at the JDD event.

Users who register to participate will also be able to get more NFT by inviting friends to register. “Each time a person is successfully invited to register, an NFT voucher will be added until all seven NFT templates are collected,” the report said.

The JDD 2021 conference will kick off at the China International Exhibition Center on November 22 and feature panels on artificial intelligence and technological innovation. Launched in 2017, the JDD conference has grown into a major technology event in China, covering topics such as smart cities, digital financial industry, supply chain innovation and others.

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The news comes after some large Chinese companies like retail giant Alibaba and tech conglomerate Tencent also announced their own NFT plans. Alibaba announced the launch of an NFT marketplace in mid-August, aiming to allow brand owners to sell tokenized licenses to their intellectual property. Tencent previously said it was plans to launch its NFT trading platform.