JD launches NFT platform, Meituan refutes fake crypto frauds · TechNode

JD launches NFT platform, Meituan refutes fake crypto frauds · TechNode

Leading Chinese e-commerce platform JD launches a portal for non-fungible tokens (NFTs), making it the third internet giant in the country to do so. Meituan refutes a fraudulent virtual currency project using the company’s branding. Inner Mongolia completes its crypto mining sweep. A Beijing court rules a crypto mining contract invalid in a business dispute. 

JD gets into NFTs

JD launched an NFT platform called Lingxi on Dec. 17. The platform is accessible through a mini-program on one of JD’s apps. The platform’s inaugural digital collectible is a digital rendering of Joy, the company’s mascot of a white cartoon dog, and is priced at RMB 9.9 ($1.55 apiece) and limited to 2,000 copies. The program is backed by JD Digits Blockchain, the company’s own consortium blockchain. Buyers aren’t allowed to resell or trade digital collectibles in line with China’s rules on preventing digital asset speculation. JD is the third major…

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