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

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

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JD.com, the world’s largest online retailer, is entering the nonfungible tokens (NFTs) market by launching a unique NFT series at its annual JD Discovery conference.

In fact, JD.com will distribute commemorative NFT certificates to guests of the JDD 2021 event in Beijing. Using its own blockchain technology, according to the Chinese news outlet Sina Finance.

Additionally, Anyone who registers for the JDD 2021 conference through the WeChat mini program on the event’s official website between October 18 and November 22 will receive one NFT for free.

According to the study, the NFT series consists of seven NFT models. Each of which has distinct pictures that are usable to identify different JDD forums.

Moreover, users who register to participate will be able to earn extra NFTs by referring others to do the same. “For every successful invitation to sign up, the user will receive one NFT coupon. Until all seven NFT models have been gathered”, the article states.

A significant technology event

On Nov. 22, the China International Exhibition Center will host the JDD 2021 conference. Which will include panels on artificial intelligence and technological innovation. The JDD conference, which first took place in 2017, has grown to become a significant technology event in China. Including sessions on smart cities, the digital banking industry, supply chain innovation, and other themes.

The announcement comes after big Chinese businesses such as Alibaba, the world’s largest online retailer, and Tencent, the world’s largest technological company, both launched their own NFT initiatives. In mid-August, Alibaba announced the establishment of an NFT marketplace, allowing trademark owners to sell tokenized rights to their intellectual property. Tencent had previously stated that it will launch its own NFT trading platform.

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