Cristiano Ronaldo and Binance collaborate to create a new NFT collection

Famous and popular soccer player Cristiano Ronaldo has announced a partnership with Binance to launch its fourth non-fungible token (NFT) collection.

"My football journey has taken me around the world and I have had the honor of playing for some of the most prestigious clubs in the world," Cristiano Ronaldo said in a statement.

According to a recent Binance blog post, the new collection, which is set to be unveiled on May 29th on the Binance NFT market.

The exact number of NFTs in the new set has not been revealed, and pricing details are still unclear.

However, it was noted that the price for each "regular NFT" will remain the same, while the final Super Rare NFT in the set will have a different price structure.

Previous Cristiano Ronaldo NFT collections offered more than just a digital asset, and holders were granted exclusive opportunities such as playing soccer with the legendary player as part of Binance promotions.

"Binance's legal problems plagued Ronaldo"

n November 2023, Ronaldo faced a class action lawsuit in the state of Florida.
The plaintiffs alleged that Ronaldo actively cooperated with PayBinance in offering and selling unregistered securities, and they argued that he should have been aware of Binance's involvement in such activities.It is worth noting that there is a trend that prohibits companies from participating in the NFT space.

After Binance sued over unregistered securities and the legal issues that arose for NFT trading, social network X, which had previously announced that users could use their NFT as their account picture, stopped doing so.

One of the most important reasons for legal objections to the NFT market is the ease of money laundering caused by unreal transactions.

Sara Ras