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Amid the current market crash, Cristiano Ronaldo has announced his new NFT deal with crypto exchange, Binance. At a time when crypto enthusiasts are hesitant about the current circumstances of the market, this news comes as a shock.
Nevertheless, NFTs have become a phenomenon within the crypto market as they gained major popularity in 2021. With many celebrities such as Snoop Dogg, Eminem, and Paris Hilton having their own NFT collections, it is no surprise that more celebrities want to be a part of the NFT world.
Whilst the market is not expected to see a sudden rise due to this news alone, it does provide users with some hope that the market will begin to see green. Already slowly rising over the past week, this NFT deal can help the market rise further.
As Cristiano Ronaldo is the first football player to become a billionaire and is a big fan favourite, it is likely for his NFT collection to sell out immediately after its launch. This will increase Binance's audience and help the crypto market progress.
Binance is the biggest exchange platform in the crypto world and is currently ranked 7th on CoinMarketCap. With this NFT launch, Binance has the potential to increase its ranking.
Known to be a market leader and a huge competitor, there is no surprise that this deal is partnered with Binance. With over 10 million Binance users, Ronaldo's NFT launch will reach a wide audience, plus Binance will find new users that have not been introduced to the crypto world before.
The reason for Binance's success is due to its multi-functions, from being a cryptocurrency, blockchain exchange, and even a launchpad. Binance has attracted users interested in different areas of the crypto market. A similar platform that is currently growing in the space is BoostX. Being one of the most diverse launchpads in the market, it is a competitor of the Binance Launchpad.
Since the NFT sector began to bloom last year, there is no shock that major celebrities are trying to become involved as they can earn large profits. From exchange platforms such as Binance to launchpads such as BoostX, NFTs have taken over various sectors of the crypto market. For example, NFT enthusiasts can find upcoming NFT projects on launchpads including BoostX, as well as big NFT deals such as the Cristiano Ronaldo collection on Binance.
In the past, Snoop Dogg is believed to have earned $45 million from his NFT deals and it seems likely for Ronaldo to have a similar profit. More footballers and celebrities will likely follow Ronaldo's move and also launch their own NFT collections in the near future.
Furthermore, this deal will be great for major football fans as Ronaldo aims to provide a one-of-a-kind experience for fans worldwide. According to Binance, the first collection is set to launch later this year and will feature iconic designs. Additionally, Ronaldo has stated the importance of his relationship with his fans and aims to bring enjoyment to his fans through this collection.
It seems as if NFTs will continue to succeed despite the bear market, there is potential for NFTs to become the future of finance as they become more common in the crypto world.
As more celebs enter the NFT market, the sector opens to wider audiences, expanding the crypto audience.
Website: https://www.boostx.finance
