NFTs seem to be gaining more ground in popularity and involvement as the day passes. First, it was renowned artist Marina Abramovic who ventured into the NFT world two weeks ago. Now it’s the football ‘living legend’ Cristiano Ronaldo who is about to storm the NFT space.
The footballer with the most goals in professional football inked a contract with famous crypto exchange, Binance. The multi-year partnership deal will see Ronaldo releasing his own NFT collection. Furthermore, Experts think that this deal will set the pace for other sport icons to get into NFTs.
Expectations For Ronaldo’s NFTs
Lian Anndy, the chief digital advisor at a Mongolian Productivity Organization said that Ronaldo is a top-class current football legend. He also has hundreds of millions of followers all across social media. The most followed man on Instagram will certainly create a surge when he releases his NFT collection. “There is absolutely no doubt that this NFT will be sold out in seconds.” Anndy added.
When asked to predict an estimation of Ronaldo’s NFTs value, Lian response was quite simple. He said if there are unique pieces with special rights, a few hundred thousand will not be a problem. “This price range is taken with the current market reference for NFT and prices of Ronaldo’s collectibles,” he says.
Lian said signing big Intellectual Properties like this is also part of a bear market strategy. There is obviously a need to bring in non-crypto new blood to support the market now.
“I am also curious what the other centralized marketplaces such as Bybit for instance would do next to grab their share of the pie,” he said.
Sport Stars Getting Into NFTs
Lian responded to another query by responding that Lebron James might be the next in line to launch an NFT series.
Furthermore, the chief advisor of crypto advisory firm Acryptoverse, Raj Kapoor suspected that Binance needed this partnership with Ronaldo. He speculated that they intend to bring more value to BSC. This value will eventually lead to an increase in the NFT mart share.
When asked to estimate the value of Ronaldo’s NFTs collection, Kapoor responds emphatically. He says that estimating hypothetically is very dangerous for the market. However, he speculated that a few more zeros might end up on Ronaldo’s net worth, if this goes right.
“Ronaldo would be raking in upwards of $5 million with this new partnership and I am being conservative,” Kapoor says and predicts that “media favorite Lionel Messi, would soon be the next NFT darling.”
Kapoor says, Messi is a popular figure with an unparalleled fan following and it will not be surprising if his next big goal is in the NFT space.
How This Affects Web3 Adoption
Germany-based Aliasgar Merchant, founder of ‘Learn Web3 With Us’ says launching and promotion of NFTs is an indication of the overall adoption of the web3 space, however, it might also be an under-representation of what NFTs are capable of doing.
“Predicting the kind of sales Ronaldo’s NFTs will make is a long shot, given the bearish crypto market sentiments prevalent. Previously, Snoop Dogg made around $100,000 from his NFT sale. I would predict something around that range for Ronaldo too, given the conditions of the market don’t deteriorate,” he says.
Merchant further said the trend of launching NFTs by celebrities is skyrocketing and that this is just the beginning for sports icons to join the trend.
“If I had to make a guess, I would predict Neymar and Novak Djokovic would be next in line,” Merchant says.