Binance scores Cristiano Ronaldo as partner for NFT push
economictimes.indiatimes.comcryptocurrency exchange by trading volumes, said on Thursday it has signed a partnership with Cristiano Ronaldo for the promotion of non-fungible tokens (NFTs). As part of the multi-year agreement, the Portuguese soccer star and Binance will create a series of NFT collections for sale on the company's platform, the cryptocurrency exchange said, adding that the first collection would be released later this year. An NFT is a digital asset that exists on a blockchain, a record of transactions kept on networked computers, and the blockchain serves as a public ledger, allowing anyone to verify the NFT's authenticity and check who owns it.
Presented ByDid you Know?
Premium tea company Vahdam India has gifted a personalised NFT to Parag Agarwal the newly-appointed Indian-origin CEO of Twitter
View Details »Souring investor sentiment toward risky assets has led to a plunge in cryptocurrencies, including bitcoin, and has also spilled over into NFTs, which exploded in popularity last year. Crypto companies have been relying on sports partnerships in a bid to go mainstream. Last year, Crypto.com signed a $700 million deal to rename the Staples Center in Los Angeles as the Crypto.com Arena, while crypto exchange FTX Trading Ltd sold a stake to National Football League quarterback Tom
Brady.
Read more on economictimes.indiatimes.com
![For Bitcoin [BTC] traders, next resistance level could be at…](https://finance-news.co/storage/thumbs_400/img/2022/7/22/34373_ngj.jpg)
