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Cristiano Ronaldo Ventures into NFT with Binance Partnership

Explore Cristiano Ronaldo's collaboration with Binance to launch the CR7 NFT collection, a significant step into the NFT space by the football legend.
Published on 2022-11-16

Cristiano Ronaldo's Entry into the NFT Market

Cristiano Ronaldo, one of the most celebrated footballers globally, is entering the nonfungible token (NFT) space through a collaboration with Binance. This partnership marks the launch of Ronaldo's first CR7 NFT collection, set to debut on November 18. The collection signals the beginning of a multiyear association with Binance, a leading cryptocurrency exchange platform.

The Exclusive CR7 NFT Collection

The initial release of the CR7 collection will feature seven animated statues categorized into four rarity levels: "Super Super Rare (SSR)," "Super Rare (SR)," "Rare (R)," and "Normal" (N). These NFTs will capture iconic moments from Ronaldo's life, ranging from his remarkable bicycle kicks on the field to his early days in Portugal. This unique offering provides fans an opportunity to own a piece of Ronaldo’s illustrious career.

Expanding Web 3.0 Accessibility

Ronaldo's venture is part of Binance's broader strategy to enhance Web 3.0 accessibility and engage new users. This initiative aims to create a memorable experience for Ronaldo's fans, rewarding them for their longstanding support. The collaboration underscores the significance of NFTs in expanding digital engagement and community building among sports enthusiasts.

NFT Market Trends and Projections

Despite a decline in NFT market participation since early 2022, the sports collectibles market is poised for substantial growth. By 2032, it is expected to reach a market value of $227 billion, with sports NFTs playing a pivotal role. The FIFA World Cup 2022 and other major events could further fuel interest and innovation in sports-related NFTs, offering new opportunities for fans and collectors alike.

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