Portuguese football icon Cristiano Ronaldo has announced the launch of his fourth non-fungible token (NFT) collection in partnership with Binance. This new collection, set to be available on the Binance NFT Marketplace starting May 29, celebrates Ronaldo’s illustrious career with highlights and memorable moments.
In a recent blog post from Binance, Ronaldo expressed his excitement about the new collection, stating, “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.”
Details about the number of NFTs in this collection and their pricing remain under wraps until the official launch. However, it has been disclosed that all “Normal NFTs” will have the same price, while the final “Super Rare NFT” will be priced differently.
Previous Ronaldo NFT collections have offered unique perks, including exclusive experiences where holders could play football with the legend himself as part of Binance promotions.
Despite this exciting development, Ronaldo’s NFT ventures are not without controversy. In November 2023, Ronaldo was named in a class action lawsuit in a Florida district court. The plaintiffs accused him of promoting unregistered securities in collaboration with Binance. They alleged that Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities,” claiming he should have known about Binance’s illicit activities.
This lawsuit is part of broader legal troubles for Binance. Founder Changpeng “CZ” Zhao was found guilty of enabling fraud and sentenced to four months in detention in April 2024 for his involvement in a money laundering scheme.
As Ronaldo continues to embrace the digital realm with his NFT collections, the legal challenges surrounding his association with Binance add a complex layer to his latest venture. The outcome of these legal proceedings could significantly impact both Ronaldo’s and Binance’s future endeavors in the NFT market.