27/05/2024 Cristiano Ronaldo unveils 4th NFT collection with Binance despite $1B lawsuit

The collection will launch on 29 May with fixed pricing across most items.

Cristiano Ronaldo unveils 4th NFT collection with Binance despite $1B lawsuit

Portuguese football superstar Cristiano Ronaldo has announced the launch of his fourth non-fungible token (NFT) collection in partnership with Binance.

The new collection, set to launch on 29 May to the Binance NFT Marketplace, will celebrate the footballer's history and features highlights from throughout his storied career.

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Per a blog post from Binance, Cristiano Ronaldo commented:

“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.”

The number of NFTs contained in the new collection won’t be announced until the series launches and there’s so far been no mention of price. However the post did state that the price will be the same for every “Normal NFT” while pricing for the “the final Super Rare NFT” in the collection the collection will differ.

Previous NFT events featuring Cristiano Ronaldo have come with perks outside of the digital realm including a premium experience whereholders were invited to play football with the legend himselfas part of the Binance promotion.

As Cointelegraph reported back in November of 2023, the football superstar wassued in a class action lawsuitin a United States district court in Florida over his previous participation in NFT collection sales with Binance.

The plaintiffs in the suit claimed Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance,” and that he should have known that Binance was involved in such activities.

The suit against Cristiano Renaldo stemmed fromBinance’s previous legal issuesculminating in founder Changpeng “CZ” Zhao being found guilty in the U.S. of enabling fraud. He wassentenced in April of 2024 to serve four months in detention for his part in an alleged money laundering scheme.

Arts

https://cointelegraph.com/news/cristiano-ronaldo-unveils-4th-nft-collection-binance-lawsuit

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