Cristiano Ronaldo NFT: New collection is announced together with Binance even with the process ongoing

The largest cryptocurrency exchange, Binance, recently announced the launch of player Cristiano Ronaldo’s fourth non-fungible token (NFT) collection. Collaboration takes place even with an ongoing legal process. The football star faces a $1 billion class action lawsuit in the US after promoting a non-fungible token (NFT) on social media with Binance.

According to the exchange’s official statement, the next collection is scheduled to launch on May 29th on the Binance NFT Marketplace. The fourth collection aims to pay homage to the football star’s illustrious career. “The first batch of NFTs will be released on Wednesday, May 29th at 08:00 (UTC) and will feature an entirely new set of utilities, better than ever before.”

‘Brace’ yourselves, just 2️⃣ days to go!

You will soon be able to get your hands on a piece of sporting history through @Cristiano Ronaldo’s latest NFT collection on #Binance.

Get ready ➡️ https://t.co/jGf7Vq79jO pic.twitter.com/NVIEoWI7z2

— Binance (@binance) May 27, 2024

Commenting on the new collaboration with Binance and the tribute, Cristiano Ronaldo stated: “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.”

Renowned football player Cristiano Ronaldo, known for his extraordinary feats on the field, is now facing a lawsuit in Florida for his role in promoting the Binance platform. This case brings to light critical issues in the cryptocurrency ecosystem and the celebrity advertising sphere.

In 2022, Cristiano Ronaldo and Binance, one of the largest cryptocurrency exchanges in the world, formed a strategic partnership. The agreement included the promotion of Ronaldo’s exclusive non-fungible tokens (NFTs), expanding Binance’s reach in the digital market. The collaboration looked promising, with Ronaldo using his massive influence to endorse Binance products, a move seen as a major step forward in popularizing cryptocurrencies.

It is worth remembering that, in December, the news emerged that the player might even have to settle the case with an amount of US$750,000 to avoid a public trial in the United States related to the process.

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