NFTs
Cristiano Ronaldo Partners with Binance for New NFT Collection Despite Legal Challenges
- Legendary football player Christiano Ronaldo is preparing to launch the fourth limited edition NFT collection on Binance by the end of May.
- Remarkable crypto legal clarity in several US-led jurisdictions has given Binance and other CEX exchanges the confidence to scale their operations.
Portuguese professional football player Christiano Ronaldo, who currently plays as a striker for Al Nassr, has announced the upcoming launch of his fourth collection of Non-Fungible Tokens (NFTs) on crypto exchange Binance. The legendary football player has informed your followers register to be eligible for the May 29 launch of limited edition NFT collectibles.
According to the announcement, Ronaldo’s fourth NFT collection on Binance will allow fans to experience the excitement amid enhanced utilities.
“With fixed prices for most of the NFT collection suitable for any collector, this global journey is for you: the football fan. Whether you’re new to NFTs, a die-hard Cristiano Ronaldo fan, or expanding your existing CR7 NFT collection, there is utility and benefit for everyone who joins us for Cristiano’s latest release,” the announcement observed.
Binance and Ronaldo cement unshakable relationship
Over the past three years, Binance and Ronaldo have been working together to inform more people about the importance of digital assets and web3 products. According to Ronaldo, his relationship with his fans is very important, so linking directly to the limited edition NFT collection is a noble idea.
However, the relationship between Ronaldo and Binance became difficult after the US government detained the former CEO Changpeng Zhao (CZ) in a historic settlement. Late last year, Ronaldo was sued in a class action lawsuit in the United States over his past sales of NFT collections with Binance. The $1 billion lawsuit alleged that Ronaldo caused financial harm to investors by promoting the sale of unregistered securities in coordination with Binance
Legal turmoil hasn’t stopped the crypto exchange from further improving its relationship with Ronaldo amid mass crypto adoption. Furthermore, Ronaldo’s latest limited NFT collections were a huge success. However, the exact number of NFTs in the fourth edition will be announced on the launch date.
“My journey in football has made me travel the world and I have had the honor of playing for some of the most prestigious clubs in the market. Now it’s your turn to join me on this journey too,” Ronaldo observed.
Market image
Ronaldo’s NFT launch in partnership with Binance is an indication that altcoin season is on the horizon. The approval of Spot Ethereum ETFs in Hong Kong and the United States significantly rejuvenated calls for a new season. Furthermore, Bitcoin’s dominance signaled an inevitable reversal amid the remarkable rise of the ETH/BTC pair last week.
Meanwhile, the launch of Ronaldo’s limited NFTs will play an important role in BNB’s price action, especially on the bullish outlook. As Crypto News Flash previously noted, The price of BNB against the US dollar could easily rise to $700 by mid-June. As of this report, the price of BNB fluctuated around $601, an increase of 4% over the past week.