Binance signs Cristiano Ronaldo for exclusive partnership to push NFTs

[Stalker22]

Honestly until now I don't see any good future for NFT's projects.  Maybe what CR7 has been doing in collaboration with Binance can be a good first step and I hope that this can be a form of cooperation for the application of NFT's technology in several lines in the future.

What about some of the nft play to earn games? And there's also gambling sites that are lately supporting nft's. Some of them are very promising that they seem to have a brighter future than the rest. I suggest try to take time and look for them instead only of judging based on what others are saying.

Popular personalities like ronaldo is a good help to spread the awareness not only in the nft scene but also in the overall crypto since nft's are still a part of it and it uses some of its technologies although I don't consider this as first or like you said as a first step since there's also famous celebs before and as well as big companies that have joined nft.

There are several possible scenarios for the future of NFTs. The first is that users will gradually lose interest on the NFTs, eventually shifting to the other, more popular trend in the future. The second scenario would be that these NFTs become prime assets in the virtual world economy. They can become a way of providing investment opportunities in the virtual world, as well as a means of entertainment and social interaction. On the other hand, the third scenario is that traditional gaming community will turn their focus to NFTs and decide to use NFTs in order to participate in the virtual world economy. All previous attempts, without exception, have met with negative reactions from the gaming community.

[Johnyz]

Wow, it's huge news even I would say it's very positive news in the crypto market after a very long-time. As you told us Binance is planning to create a series of NFT collections for sale on the Binance NFT platform. Binance will definitely take the benefit of Ronaldo's name and will earn good money also but it will also work like hype and over time value of NFT will also decrease because hype will also fade away after some time.

With the current adoption for NFTs, I think it will take more time before the hype will gone so most probably you can still have time to join and invest on some NFTs so you can also earn some profit. This is a big promotion for Binance, he’s a star player and have a lot of followers so most probably you can expect them to go into Binance and try to get the NFTs of Cristiano Ronaldo. This might be the start of many star players and celebrities to adopt NFTs as well and crypto of course.

[tvplus006]

...Some fans may think as you guess. But others probably think to get a lot of money by purchasing C. Ronaldo NFTs...

Any product, including NFT, should be sold on the secondary market so that everyone has the opportunity to buy the NFT of interest if they did not have time to do it during the initial placement. It is the secondary market that will determine the true value of the NFT, in accordance with supply and demand.

[RealMalatesta]

Binance do spent a lot money here since Cristiano Ronaldo is a GOAT in football and many people who don't want watch football also know who he is. I think the NFT price would be skyrocket since there's a lot Cristiano Ronaldo fans out there, however it's just a hype and then it's will become worthless.

Time will come that it will skyrocket but not at the moment because the market is still bearish.

Binance really know how to market, they spend millions of dollars for promotion and for the expected return that is bigger than what we thought.
This is good for NFT but more on Binance, so BNB is still a great coin to invest now that it's still cheap.

They do have a lot of money, which means that it is not really hard for them to do something like this. I am not saying that it is impossible for other exchanges to do similar stuff, look at crypto.com they are much smaller than binance and they are doing amazing crypto work.

If I am not mistaken they are going to be sponsoring world cup as well, if that is true that would be the biggest crypto marketing in the world history so far, could get bigger stuff eventually but I can't think of anything that will be viewed as much as world cup. I know that they did Formula 1 series, but that is smaller than world cup. Hence Ronaldo deal Binance has is not that big, it's quite understandable levels.

[bitkanu]

Wow, it's huge news even I would say it's very positive news in the crypto market after a very long-time. As you told us Binance is planning to create a series of NFT collections for sale on the Binance NFT platform. Binance will definitely take the benefit of Ronaldo's name and will earn good money also but it will also work like hype and over time value of NFT will also decrease because hype will also fade away after some time.

I really doubt binance gonna be making some meaningful money out of this partnership, instead they're just maybe trying to keep NFT from really fading away.
I'm sure that christiano ronaldo NFT will never be hitting as much valuation as the likes of other NFTs that have been trending and gaining millions for its valuation.
Instead it's just gonna be like those NFT created by some football club that gonna be valued but isn't really that much

[yurez]

Binance is announcing an exclusive, multi-year NFT partnership with Portuguese footballing legend Cristiano Ronaldo.

Great marketing and advertising! I think that this will benefit Binance and attract a new audience and potential investors. Perhaps the release of NFTs at the end of this year will begin with the start of a new bull run on the crypto market.