KEY POINTS
The United States Treasury Department has released its first financial risk assessment for non-fungible tokens (NFTs) to highlight the risks and vulnerabilities associated with them.
Cristiano Ronaldo’s fourth non-fungible token (NFT) collection, in collaboration with crypto exchange Binance, unveiled its specifics as it hit the market yesterday.
Dubbed “Forever Worldwide: The Road to Saudi Arabia,” the collection includes seven NFT artworks, each highlighting pivotal locations in Ronaldo’s journey to success.
The initial artwork pays homage to Madeira, the birthplace of Ronaldo’s sporting journey. Lisbon follows suit, symbolizing the phase when Cristiano, at the age of 12, relocated to the city and took part in a footballing youth program that honed his skills.
The other artworks pay tribute to his stints in Manchester, Madrid, Turin, and Saudi Arabia, with an additional rare NFT dedicated to Portugal.
While NFTs representing Madeira, Lisbon, and Manchester are currently available for purchase, the rest will go on sale starting June 6.
Prices for the NFTs start at $35 each, while the Rare Portugal NFT will be sold with a minimum bid of $777 through an auction and quiz format.
Holders of these NFTs stand to gain exclusive benefits, ranging from vintage memorabilia to match tickets or even the opportunity to meet Cristiano Ronaldo in person.
Moreover, this collection introduces a “Collect to Earn” mechanism. Users who collect more different NFT locations faster, get rewarded with a “Fastest to Collect” perk. The more locations a user collects, the rarer their utility level becomes (from Normal to Super Super Rare), unlocking more exclusive rewards.
This marks Ronaldo’s fourth NFT venture with Binance since their collaboration began in 2022. Their prior releases also centered on commemorating Ronaldo’s illustrious career and significant milestones over the years.
