Renowned football icon Cristiano Ronaldo has recently caused a surge of anticipation within the NFT enthusiast community by introducing his latest line of digital collectibles. The soccer legend’s second NFT collection, named “Forever CR7: The GOAT,” is now available for purchase on the esteemed Binance NFT marketplace. NFTs, which stand for non-fungible tokens, are distinctive digital assets supported by blockchain technology, often obtainable through cryptocurrency transactions. These NFTs grant purchasers an exclusive certificate of ownership, providing them with a sense of uniqueness, while also serving as a potential avenue for immediate liquidity.
Cristiano Ronaldo concluded a significant agreement earlier this year to exclusively sell his NFT collections through Binance. This partnership solidified the collaboration between the football superstar and the renowned cryptocurrency exchange. By choosing Binance as the platform for his NFT sales, Ronaldo ensured access to a vast and diverse community of crypto enthusiasts and collectors.
In the latest collection, “Forever CR7: The GOAT,” Cristiano Ronaldo’s goal moments have been meticulously categorized, with each category having distinct pricing for the corresponding NFTs. This classification system allows collectors and fans to choose from a range of options based on their preferences and budget. By assigning different price points to each category, Ronaldo’s NFT collection becomes accessible to a wider audience, accommodating varying levels of investment and interest. This tiered pricing structure ensures that fans can engage with and acquire their desired NFTs from Ronaldo’s collection, regardless of their budget constraints.
In the “Forever CR7: The GOAT” collection, a significant portion of the NFTs, specifically those numbered from goal 100 to goal 700, are priced at 10 USDT or approximately $10 (roughly Rs. 830).
Additionally, within the “Forever CR7: The GOAT” collection, there are rare and exclusive collectibles that hold special significance. These include notable moments such as The Backheel (Goal 278), The Knuckleball (Goal 102), and The Game Changer (Goal 605), among others. These particular NFTs have been priced at 30 USDT or approximately $30 (roughly Rs. 2,480) each, as mentioned in the collection description on Binance’s blog.
As outlined in the blog, for each design within the “Forever CR7: The GOAT” collection, there are a limited number of 200 NFTs available, resulting in a total of 1,200 rare NFTs across all designs. The owners of these rare NFTs will enjoy several additional perks and benefits. Specifically, they will receive a printable signed Binance x CR7 poster, enhancing the collectible value of their purchase. Furthermore, they will receive a personalized thank you message from Cristiano Ronaldo, adding an exclusive touch to their ownership experience.
Among the NFTs in the “Forever CR7: The GOAT” collection, there is one NFT that stands out as a super rare item. This particular NFT captures Ronaldo’s iconic bicycle kick goal against Juventus in 2018. The significance and uniqueness of this moment have warranted a higher price point. The NFT has been listed at 15,000 USDT or approximately $15,000 (roughly Rs. 12.3 lakh).
The release of the “Forever CR7: The GOAT” collection has undoubtedly sparked enthusiastic conversations and discussions among NFT enthusiasts on various social media platforms. The reception and subsequent performance of these NFTs in the market, however, will ultimately determine their overall success. The dynamic nature of the NFT market, influenced by factors such as demand, market trends, and collector sentiment, will play a significant role in determining the fate of these digital collectibles.
The NFT market has experienced a rollercoaster ride in the first half of 2023, characterized by both ups and downs. The volatility of the digital assets market has presented challenges, yet the enthusiasm and passion of NFT enthusiasts have managed to keep the sector afloat during turbulent times.
The non-fungible token (NFT) market experienced remarkable growth in early 2023. Sales of NFTs surged by an impressive 117 percent in February, indicating a substantial increase in demand and market activity. This surge in sales demonstrates the growing popularity and adoption of NFTs as a unique form of digital asset ownership.
Moreover, the valuation of the global NFT market reached a nine-month high in March, surpassing $2 billion (roughly Rs. 17,200 crore). This notable increase in valuation signifies a resurgence in investor and collector confidence, as the market reached levels not seen since June of the previous year. The strong valuation suggests a robust market with sustained interest from buyers and potential for continued growth.
In December of the previous year, the sales of non-fungible tokens (NFTs) experienced a decline, reaching a 16-month low.
According to market research firm Technavio, the global NFT market is projected to witness significant growth between 2022 and 2027. The anticipated increase is estimated at $113,933 million (roughly Rs. 940 crore). This growth projection highlights the market’s potential for expansion and signals the growing recognition and adoption of NFTs as a valuable digital asset class.
The NFT market is expected to experience substantial growth in the next four years, with a projected Compound Annual Growth Rate (CAGR) of 35.02 percent.
According to the report, during the projection period, Asia-Pacific Countries (APAC) are expected to contribute significantly to the growth of the global NFT market. The report indicates that approximately 39 percent of the overall market growth can be attributed to the APAC region.