Cristiano Ronaldo Partners with Binance for New NFT Collection Despite Legal Challenges
- Legendary footballer Christiano Ronaldo has been preparing to launch the fourth limited-edition NFT collection on Binance by the end of May.
- The notable crypto legal clarity in several jurisdictions led by the United States has given Binance and other CEX exchanges the confidence to scale their operations.
Portuguese professional footballer Christiano Ronaldo, who currently plays as a forward for Al Nassr, has announced the upcoming launch of his fourth Non-Fungible Tokens (NFTs) collection on the Binance crypto exchange. The legendary footballer has informed his followers to register to be eligible for the May 29 launch of the limited edition of the NFT collections.
According to the announcement, the fourth NFT collection by Ronaldo on Binance will enable fans to experience the thrill amid enhanced utilities.
“With fixed pricing across most of the NFT collection suitable for any collector, this worldwide journey is for you: the football fan. No matter if you’re new to NFTs, a die-hard Cristiano Ronaldo fan, or are expanding your existing CR7 NFT collection, there’s utility and benefits for everyone who joins us for Cristiano’s latest drop,” the announcement noted.
Binance and Ronaldo Cements Unwavering Relationship
For 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 the fans is very important thus connecting directly with the limited-edition of the NFT collection is a noble idea.
However, the relationship between Ronaldo and Binance hit a snug after the US government nailed 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 prior NFT collection sales with Binance. The $1 billion lawsuit alleged that Ronaldo caused financial damage to investors by promoting the sale of unregistered securities in coordination with Binance
The legal turbulences have not deterred the crypto exchange from further enhancing the relationship with Ronaldo amid the ongoing crypto mass adoption. Moreover, the past limited NFT collections by Ronaldo have been a huge success. However, the exact number of the NFTs in the fourth edition will be made known during the launch date.
“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,” Ronaldo noted.
Market Picture
The NFT launch by Ronaldo in partnership with Binance is an indication that the altcoin season is on the horizon. The approval of spot Ethereum ETFs in Hong Kong and the United States has significantly rejuvenated the calls for an altseason. Moreover, the Bitcoin dominance has signaled an inevitable reversal amid the notable rise in the ETH/BTC pair in the past week.
Meanwhile, the launch of the Ronaldo limited NFTs will play a huge role in BNB price action, particularly bullish outlook. As Crypto News Flash previously noted, BNB’s price against the US dollar could easily pump towards $700 by mid-June. As of this report, BNB’s price hovered around $601, up 4 percent in the last week.
