Chinese e-commerce giant JD.com is removing the NFT chain on its own blockchain

Chinese online retail giant JD.com is diving into the non-corruptible token, or NFT, industry by showcasing a special range of NFTs at its annual JD Discovery conference.

With its proprietary blockchain platform, JD.com will distribute commemorative NFT certificates to attendees at the JDD 2021 event in Beijing, the new Chinese agency Sina Finance reported on Oct.

JD.com will specially give a free NFT to anyone who signs up for the JDD 2021 conference from October 18 through November 22 through the WeChat gadget on the event’s official website.

According to the report, the NFT series includes a number of seven NFT models, with each model containing different images that are used to identify different forums of JDD events.

Registered users can also get more NFTs by inviting friends to sign up. “Every time an invited attendee successfully registers, an NFT coupon is added until all seven NFT models are collected,” the report said.

The JDD 2021 conference begins on November 22nd at the China International Exhibition Center with 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 finance industry, supply chain innovation, and more.

Related: Chinese Communist Party warns of NFT hype bubble

The news comes after several large Chinese companies like retail giant Alibaba and tech giant Tencent also announced their own NFT projects. Alibaba announced the launch of the NFT marketplace in mid-August, which aims to enable brand owners to sell cryptographic licenses for their intellectual property. Tencent had previously announced that it would launch its own NFT trading platform.