Cristiano Ronaldo and Binance Partner for CR7 NFT Drop

• The initial delivery of the collaborative effort will be made available to customers on November 18.
• This first drop will include seven animated statues, each of which will fall into one of four different rarity categories.
• Ronaldo is one of the greatest players in football history.

One of the world’s greatest professional athletes is venturing into the nonfungible token (NFT) space. Professional footballer Cristiano Ronaldo has teamed up with Binance to launch the icon’s first CR7 NFT drop, according to an announcement on Wednesday.

The initial delivery of the collaborative effort will be made available to customers on November 18. This heralds the beginning of a multiyear partnership with one of the most important cryptocurrency exchange platforms globally.

Exclusive CR7 NFT Collection

This first drop will include seven animated statues, each of which will fall into one of four different rarity categories: “Super Super Rare (SSR),” “Super Rare (SR),” “Rare (R),” or “Normal” (N). Each collectible statue, according to the announcement, will depict Ronaldo in a legendary instance from his professional and personal life. They span “from career-defining bicycle kicks to his childhood in Portugal.”

There are few public figures in the world as well-known, adored, and obviously accomplished as Cristiano Ronaldo. The current striker for Manchester United ranks among the game’s all-time greats.

Now, Ronaldo is expanding his impact from the field to the realm of NFTs. He announced an exclusive arrangement with Binance to bring his own collection to reality. Moreover, the partnership is part of the cryptocurrency exchange’s worldwide marketing drive to increase Web 3.0’s accessibility among prospective new users. In a statement, Ronaldo highlighted that:

"It was important to me that we created something memorable and unique for my fans as they are such a big part of my success. With Binance, I was able to make something that not only captures the passion of the game but rewards fans for all the years of support."

On the Flipside

• The number of NFT market participants has been steadily declining since February 2022, and consumer confidence in the market has also been eroding. Chainalysis, a blockchain analytics platform, reports that this decline accelerated in June, with a startling 88% drop in the number of addresses transacting on NFT marketplaces in a given week.

Why You Should Care

By 2032, the market value of sports collectibles is expected to reach $227 billion. A big part of that will be sports NFTs. Additionally, the growth of the sports memorabilia market is anticipated to increase by a factor of ten by that year.

As the FIFA World Cup 2022 draws closer, learn more about the most recent soccer NFT drops here:

Manchester United Gifts First-Ever NFTs to Fans As It Plans Web 3.0 Entry on Tezos (XTZ)

Lionel Messi Joins Fantasy Soccer NFT Game Sorare