Cristiano Ronaldo signs NFT deal with crypto exchange company

Originally posted on Stretty News | By Dale O'Donnell | Last updated 6/23/22

I don’t claim to be an expert on cryptocurrency, but I know enough to be aware of its dodgy reputation, along with NFTs, which are essentially a gamble.

Manchester United star Cristiano Ronaldo will create a series of NFT collections after signing a partnership with Binance, the world’s biggest cryptocurrency exchange by trading volumes.

Binance tweeted: “We’re kicking off an exclusive multi-year NFT partnership with football legend Cristiano Ronaldo. This is your opportunity to own an iconic piece of sports history and join CR7’s Web3 community.”

#Binance @Cristiano

We're kicking off an exclusive multi-year NFT partnership with football legend Cristiano Ronaldo.

This is your opportunity to own an iconic piece of sports history and join CR7's Web3 community. pic.twitter.com/3j1lKcqrbn

— Binance (@binance) June 23, 2022

According to Reuters, Ronaldo has signed a multi-year agreement and his NFT collection will be for sale on the Binance website, with the initial series promised to be released later this year.

Advertising his own personal NFT collection via Twitter, Ronaldo pledged to give fans an opportunity to own an iconic piece of sports history.

Proud to be partnering with @binance

Together we’ll give you the opportunity to own an iconic piece of sports history.

I’m excited to take this journey with all of you. Let’s change the NFT game with #Binance. pic.twitter.com/SNSCMHggct

— Cristiano Ronaldo (@Cristiano) June 23, 2022

We would like to believe that Ronaldo has been misled on the topic because it all seems very shady as someone looking in at crypto with a cryptic eye.

What is an NFT?

An NFT is a digital asset that exists on a blockchain. You may have seen Paul Pogba advertise these in the past via CryptoDragons.T

This article first appeared on Stretty News and was syndicated with permission.

More must-reads: