Cristiano Ronaldo Unveils 4th NFT Collection with Binance Amidst $1B Lawsuit

Cristiano Ronaldo is set to launch his fourth NFT collection with Binance on May 29th, despite facing a $1 billion lawsuit over previous NFT sales.

Cristiano Ronaldo's Fourth NFT Collection with Binance Set to Launch May 29th, Celebrating His Legendary Career

Prepare to be intrigued as the Portuguese football sensation, Cristiano Ronaldo, announces his fourth collection of non-fungible tokens (NFTs) in an exclusive collaboration with Binance, per Cointelegraph.

Get ready to be engaged with the forthcoming assortment, set to debut on the Binance NFT Marketplace on May 29th. This collection will not only pay homage to the footballer's life but also highlight key moments from his illustrious career.

According to a Binance blog post, Cristiano Ronaldo remarked:

"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 in the new collection will be disclosed once the series premieres, and the price has yet to be specified. Ne, the post specified that the cost of each "Normal NFT" will remain constant, whereas the price of "the final Super Rare NFT" in the collection will vary.

Cristiano Ronaldo Faces $1B Lawsuit Over Previous NFT Sales with Binance Amid Legal Challenges for Founder Changpeng Zhao

Prior NFT events showcasing Cristiano Ronaldo included non-digital benefits, such as a premium experience in which holders were extended an invitation to engage in football with the legendary player himself as a promotional initiative by Binance.

In November 2023, Cointelegraph reported that a class action lawsuit had been filed against the football sensation in a United States district court in Florida regarding his prior involvement in NFT collection sales with Binance.

According to the plaintiffs in the lawsuit, "Ronaldo coordination-linked the promotion, assistance, and/or active participation in the offer and sale of unregistered securities." Ronaldo should have been aware that Binance was engaged in such activities.

The lawsuit against Cristiano Renaldo originated from Binance's prior legal disputes, which culminated in the conviction of founder Changpeng "CZ" Zhao for facilitating fraudulent activities in the United States. In April 2024, he received a four-month detention sentence for his alleged involvement in a money laundering scheme.

Photo: Анна Нэсси, CC BY-SA 3.0 GFDL, via Wikimedia Commons