Nfts
Cristiano Ronaldo announces fourth NFT collection with Binance
Football icon Cristiano Ronaldo announced the launch of its fourth non-fungible token (NFT) collection, scheduled for release on May 29, 2024, in collaboration with cryptocurrency exchange Binance. The collection aims to celebrate Ronaldo’s illustrious career by showcasing highlights from his footballing journey, tapping into the growing demand for unique digital assets in the NFT market.
TLDR
- Cristiano Ronaldo launches his fourth NFT collection in partnership with Binance on May 29, 2024.
- The collection will feature highlights from Ronaldo’s football career and meet the growing demand for unique digital assets.
- Ronaldo and Binance have an ongoing multi-year partnership, which began in November 2022 with its first NFT collection.
- In December 2023, Ronaldo was sued in a billion-dollar class-action lawsuit for allegedly promoting unregistered securities via NFTs with Binance.
- Binance CEO Changpeng Zhao was convicted in the United States of facilitating fraud and sentenced to four months in detention in April 2024.
This latest release is part of an ongoing multi-year partnership between Ronaldo and Binance, which began in November 2022 with the footballer’s first NFT collection.
The first collection featured iconic moments from Ronaldo’s career, with the rarest items selling for almost $10,000.
Although specific details on the number of NFTs and prices for the new collection have not been disclosed, Binance said that the price will be consistent for each “normal NFT”, while the price of the final “super rare NFT” will be different.
Previous NFT events featuring Ronaldo have included unique perks, such as inviting holders to play soccer with the legend himself as part of a Binance promotion.
However, the partnership between Ronaldo and Binance has faced legal challenges. In December 2023, Ronaldo was sued in a billion-dollar class-action lawsuit in U.S. District Court in Florida. T
The plaintiffs alleged that Ronaldo “promoted, aided and/or actively participated in the offering and sale of unregistered securities in coordination with Binance” and that he should have known of Binance’s involvement in such activities.
The lawsuit against Ronaldo stems from Binance’s previous legal issues, which resulted in founder Changpeng “CZ” Zhao being convicted in the United States for enabling the fraud. Zhao was sentenced in April 2024 to four months in detention for his alleged role in a money laundering scheme.