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

Portuguese soccer celebrity Cristiano Ronaldo has introduced the launch of his fourth non-fungible token (NFT) assortment in partnership with Binance.

Set to launch on Might 29 on the Binance NFT Market, the brand new assortment will have fun the footballer’s historical past and embrace highlights from all through his storied profession.

In a weblog put up on Binance, Cristiano Ronaldo commented:

“Throughout my soccer profession I’ve traveled everywhere in the world and had the distinction of taking part in for a few of the most prestigious golf equipment. Now it is your flip to hitch me on this journey too.”

The variety of NFTs contained within the new assortment is not going to be introduced till the launch of the collection, and to this point there was no point out of the worth. Nevertheless, the put up mentioned that the worth would be the similar for every “Frequent NFT”, whereas the costs for the “final tremendous uncommon NFT” within the assortment will fluctuate.

Earlier NFT occasions that includes Cristiano Ronaldo have acquired perks past the digital realm, together with a premium expertise the place holders had been invited to play soccer with the legend himself as a part of a Binance promotion.

As Cointelegraph reported again in November 2023, a category motion lawsuit was filed in opposition to the soccer celebrity in US District Courtroom in Florida for his earlier involvement within the sale of a group of NFTs with Binance.

The plaintiffs within the go well with alleged that Ronaldo “promoted, assisted and/or actively participated within the provide and sale of unregistered securities in coordination with Binance” and that he ought to have recognized that Binance was participating in such exercise.

On the subject: Chasing Ronaldo: Binance customers use inventive techniques at school motion lawsuit

The lawsuit in opposition to Cristian Renaldo was sparked by Binance’s earlier authorized troubles, which culminated in founder Changpeng “CZ” Zhao being discovered responsible within the US of aiding and abetting fraud. In April 2024, he was sentenced to 4 months in jail for his involvement in an alleged cash laundering scheme.

Journal: Binance hits again at WSJ, Hong Kong crypto ETF takes ‘equal of $50 billion’

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