Portuguese football icon Cristiano Ronaldo has revealed his latest venture in the form of a fourth non-fungible token (NFT) collection, created in collaboration with Binance.
Scheduled to launch on May 29th on the Binance NFT Marketplace, this collection will pay tribute to Ronaldo’s illustrious career by featuring highlights from key moments throughout his journey.
Ronaldo himself provided some insight into the collection, stating that the exact number of NFTs included will only be disclosed upon the release. As for pricing, it was mentioned in the blog post that all “Normal NFTs” will be priced uniformly, while the “final Super Rare NFT” will have a different price tag.
Previous NFT events involving Cristiano Ronaldo have offered additional benefits beyond the digital realm. Participants were granted the exclusive opportunity to engage in a premium football experience, playing alongside the legendary athlete as part of Binance’s promotional activities.
It’s worth noting that Ronaldo faced a class action lawsuit in a Florida district court back in November 2023, related to his prior involvement in NFT sales with Binance. The plaintiffs argued that Ronaldo was complicit in the offering and sale of unregistered securities, in collaboration with Binance, and that he should have been aware of Binance’s involvement in such activities.
This lawsuit emerged from Binance’s own legal troubles, which culminated in its founder, Changpeng “CZ” Zhao, being found guilty of facilitating fraud in the United States. In April 2024, Zhao was sentenced to four months of detention for his alleged participation in a money laundering scheme.
In response to recent accusations made by the Wall Street Journal and the Hong Kong crypto ETFs, Binance has retaliated by emphasizing that these claims equate to a staggering “$50 billion equivalent.”