One of the best professional athletes in the world is making a move into the nonfungible token (NFT) market. According to a statement made on Wednesday, professional player Cristiano Ronaldo has partnered with Binance to introduce the icon’s initial CR7 NFT drop.
Customers will be able to access the collaborative effort’s initial delivery on November 18. This marks the start of a long-term collaboration with one of the leading significant crypto trading platforms worldwide.
Specialty CR7 NFT Collection
Seven animated statues will be included in this initial drop, and each will fall within one of four classifications for rarity: “Super Super Rare (SSR),” “Super Rare (SR),,” “Rare (R),” or “Normal” (N). The release states that each collectable statue will show Ronaldo in an iconic moment from both his professional and private lives. They range “from his early years in Portugal to his career-defining bicycle kicks.”
Cristiano Ronaldo calls the masses to join his web3 community
On Twitter, the prominent footballer, Cristiano Ronaldo made a statement:
“My NFT collection is coming on November 18, exclusively on @Binance.
This is your chance to join my Web3 community and own iconic moments from my career.
Sign up now with code RONALDO to prepare, and receive a surprise when the collection drops”
Cristiano Ronaldo is one of the few public individuals in the world who is as well-known, beloved, and undeniably accomplished. One of the greatest players to ever play the position is the current Manchester United striker.
Ronaldo is now extending his influence beyond the field and into the world of NFTs. To make his own collection a reality, he disclosed an exclusive agreement with Binance. Additionally, the collaboration is a component of the cryptocurrency exchange’s global marketing campaign to broaden Web 3.0’s applicability among potential new customers. Ronaldo stressed the following in a statement:
“For my followers, who are such an integral part of my success, it was crucial that we come up with something special and memorable. I was able to create something with Binance that not only embodies the game’s passion but also thanks supporters for their long-standing support.”
On the other hand
Since February 2022, there has been a steady decrease in the number of NFT market players, and consumer trust in the system has also been deteriorating. A blockchain analytics tool called Chainalysis claims that this fall intensified in June, when there was a staggering 88% decrease in the number of addresses using NFT marketplaces to transact in a given week.
Why you must show concern
Sports collectibles are anticipated to be worth $227 billion on the market by 2032. Sports NFTs will be a big component of that. In addition, it is predicted that by that year, the market for sports memorabilia will have grown by a factor of 10.
Ken Emmanuel is a Blockchain Content writer, a Web3 Enthusiast and a Social Media Management Strategist, he likes writing educative contents to help people gain more knowledge and get inspired. The growth of any organization he work with is always his priority. He is a Geographer by profession and loves reading.