Ever since the world got a whiff of NFTs (Non-Fungible Tokens) and how unique and valuable they can be for their owners, nearly everyone involved in the Web3 universe has scrambled to collect some of the rarest, exclusive, practical, and expensive NFTs ever made by artists or project creators.
NFTs have often been used as a digital representation of real-world assets. Given how uniquely designed and distinct a singular NFT art is, an NFT can’t be fabricated to look like the original due to the codes imbued in it.
As the spread of Web3 and blockchain technology grows further, expanding into every aspect of people’s daily activities, it comes as no shock to learn that NFTs have found their way into the sports realm, many enticing athletes to own, trade, and sell NFTs.
The latest athlete to announce his interest in the Web3 space is one of the world’s most popular and best footballers, Cristiano Ronaldo. On June 23, 2022, Binance, one of the largest and most influential cryptocurrency trading exchanges, announced that it had signed a multi-year partnership with the famous Portuguese football star Cristiano Ronaldo to promote NFTs (Non-Fungible Tokens).
This was joyous news for sports lovers and crypto enthusiasts looking forward to owning the collectibles that the Portuguese football giant would release. The NFT collection was set to be released this year, and the world of sports and crypto has been anticipating the drop of the exclusive NFTs.
Today, on November 15, Cristiano Ronaldo and Binance announced that the release of the CR7 NFT collection is coming soon. This news has served as a ray of sunshine to those in the crypto world after the turbulent incidents over the past week.
This multi-year partnership which the most prominent crypto trading exchange platform has, with the five-time Ballon D’or winner, is a groundbreaking achievement recognized in both industries. The NFT will be exclusively released and sold on the Binance NFT marketplace.
This move will likely record a great deal of traffic and interested buyers as the football fan, Cristiano Ronaldo, is among the top three followers on Meta’s worldwide app, Instagram.
In a press release on its page, Binance mentioned that interested fans and crypto traders would get sneak peeks at the art being created, teasing surprises for everyone.
Receiving an NFT collection from the Portuguese football star, the fans are stoked that there is a bridge between the giant trading exchange platform and one of the big names in the sporting industry.
What To Expect From The CR7 NFTs
The NFT collection is said to feature seven unique animated art with four levels of rarity, which are:
- Super Super Rare (SSR)
- Super Rare (S.R.)
- Rare (R)
- Normal (N)
These NFT arts will depict the football legend Cristiano Ronaldo in fabulous moments taken from his life, his exciting bicycle kicks, and his childhood in his hometown, Portugal.
There will only be 45 of the rarest NFTs (5 SSR and 40 S.R.), which will be auctioned on the Binance NFT marketplace, and the auction will be active for a day. What is left of the 6,600 NFTs (6000 N and 600 R) will also be available on Binance
What Will Binance Gain With This Partnership?
With this multi-year partnership, Binance expands its influence into the sports world. By signing this deal with the football legend, several NFTs (Non-Fungible Tokens) collections will be released exclusively on the Binance NFT marketplace, giving Binance an increase in value and customers as it is inevitable that most fans of C.Ronaldo will be introduced to the Web3 universe through this singular partnership.
Binance offers new users registering with Binance a gift of a Cristiano Ronaldo Mystery Box with the chance of getting limited-edition C.R. NFTs. However, this Ronaldo Mystery Box will only be available for the first 1.5 million users who sign up and complete their KYC.
More collections of the CR7 NFTs will be released in early 2023; however, until then, the sports and crypto world will rejoice over this exciting partnership and the fruits it bears, especially at a time when most crypto enthusiasts’ fate in crypto is at an all-time low.
Conclusion
The sports and crypto world are thrilled at the presents that the partnership with the largest cryptocurrency exchange platform, Binance, and superstar football legend Cristiano Ronaldo has to offer to the world, strengthening the bridge between the sports and the blockchain universe.
