Cristiano Ronaldo Announces The Upcoming Launch Of His Fourth NFT Collection On Binance

Disclosure

Updated: 27 May 2024

The information provided on Inside Bitcoins is for educational and informational purposes only and should not be considered financial, investment, or trading advice. Cryptocurrency markets are highly volatile, and investing in digital assets carries significant risk. No profits are guaranteed, and you may lose some or all of your investment. Always invest responsibly and only with funds you can afford to lose.

Join Our Telegram channel to stay up to date on breaking news coverage

Cristiano Ronaldo revealed that he will be launching a fourth NFT (non-fungible token) collection through his partnership with Binance.

“My football journey has seen me travel around the world, and I’ve been honored to play for some of the most prestigious clubs out there. Now it’s your turn to join me on that journey too,” Ronaldo said in a comment on a May 24 blog post by Binance.

Cristiano Ronaldo’s New Collection Will Include A “Super Super Rare NFT”

Set to launch on May 29 on the Binance NFT Marketplace, the new collection will celebrate the sport icon’s successful career. The new NFTs will also feature memorable moments from Ronaldo’s football journey over the years.

“No matter if you’re new to NFTs, a die-hard Cristiano Ronaldo fan, or are expanding your existing CR7 NFT collection, there’s utility and benefits for everyone who joins us for Cristiano’s latest drop,” Binance said in the post.

Specific details regarding how many NFTs are in the collection will only be announced when the series launches. Information relating to their prices has also not been disclosed yet.

A @Cristiano Ronaldo NFT Collection made 4 you is kicking off soon on #Binance

Are you ready?

Find out more 👉 https://t.co/2pUxXbO5ye pic.twitter.com/dDSy9d8LUw

— Binance (@binance) May 24, 2024

Binance’s blog post did, however, state that the digital collectibles in the new series will be priced the same for every “Normal NFT.” Only the “Super Super Rare NFT” in the collection will have a different price.

Ronaldo’s NFTs Will Launch Amid A Lawsuit Linked To Binance

The launch of Ronaldo’s fourth NFT collection follows a class-action lawsuit filed against the football superstar in November 2023. Plaintiffs allegedly lost money because of the unregistered securities Ronaldo promoted with the embattled crypto exchange Binance, the filing said.

The plaintiffs also claimed that Ronaldo should have known Binance was selling unregistered securities, given his investment experience and ability to hire advisers.

Since the lawsuit was filed with the U.S. District Court in Florida, Binance agreed to a $4.3 billion settlement with the US Securities and Exchange Commission (SEC) in connection with multiple criminal charges.

Changpeng Zhao, the former CEO of the company, also left Binance. He was recently sentenced to four months in prison after pleading guilty to anti-money laundering violations.