NFT News by Thebittimes.Com

With Cristiano Ronaldo facing a $1 billion lawsuit for promoting Binance NFTs, we look closely at how sports personalities have interacted with NFTs. Non-fungible tokens (NFTs) have come a long way from when Quantum was minted in 2014, growing from assets initially exclusively linked to virtual currencies to tokens influenced by what we see in real life, like films, toys, and games.  However, one of the areas where these tokens have stood out is in sports. Breaking into the bigger picture as memorabilia and collectibles, sport NFTs were first introduced in early 2021 when renowned NFL superstar Rob Gronkowski dropped a collection of Super Bowl Cards. In 2023, there were multiple notable releases of sports NFTs, highlighting the increasing popularity of fantasy sports NFT platforms. According to the METAV.RS’s NFT market 2021-2023 report, about 35% of e- sports enthusiasts expressed their interest in collecting NFTs for enjoyment or potential financial gains, while an additio...

Cristiano Ronaldo was asked if he currently owns any NFTs and if he plans to release more NFT collections. Soccer legend Cristiano Ronaldo went through a lie detector test to answer various questions about soccer and teased his plans to release more nonfungible token (NFT) collections in the future.  The lie detector test video was done as the soccer star released his second NFT collection in partnership with crypto exchange Binance. The collection was released in July to celebrate the athlete’s reign as the highest goal scorer in the sport. Soccer star Cristiano Ronaldo was put under a lie detector test. Source: Binance The video allowed soccer fans to see Ronaldo take on the lie detector test while answering soccer-related yes-or-no questions like “Will Portugal win the World Cup?” and “Will you still be playing at your highest level in your 40s?”  When asked if he owns NFTs, the athlete said “yes,” and the lie detector test confirmed that he was telling the truth. The results...

Lewis Neal went from playing professional football to trading various asset classes before he found out about Bitcoin. When things don't go as planned in your career, finding opportunities in other fields is the way to go according to Lewis Neal, a former  National Football League (NFL) defensive tackle. Speaking to Cointelegraph at the Blockchain Economy Dubai Summit 2022, Neal shared the story of how he went from playing professional Football to exploring the finance world, eventually leading him to Bitcoin (BTC) and crypto wallets . Lewis Neal with Cointelegraph reporter Ezra Reguerra. Photo by: Roland Guirdonan Neal explained that his expectations were high when he started football . Like many aspiring professional sports guys, he thought that he would be the star of the show. However, things didn't turn out as he hoped. He said: “I thought I was going to get a lot of playing time. But during that year, I was a backup. [...] So, I had to develop another skill that can be ...