From Ronaldo to Tom Brady, Athletes Are Pursuing NFTs, Not Always Successfully | CoinMarketCap

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From Ronaldo to Tom Brady, Athletes Are Pursuing NFTs, Not Always Successfully | CoinMarketCap
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cryptonews: Cristiano Ronaldo's time at top Premier League football team Manchester United has come to an end, but at least he's got his new NFT deal with top global crypto exchange Binance to fall back on. 😉

Cristiano Ronaldo's time at top Premier League football team Manchester United has come to an end, but at least he's got his new NFT deal with top global crypto exchange Binance to fall back on.

A global TV, digital and social media ad campaign for the Binance NFT marketplace has accompanied the launch. NFTs featuring athletes have sold high — rare NBA Top Shots NFT featuring LeBron James highlight clips have brought in north of $200,000 — but often haven't kept their initial value The same can be said for fan tokens, cryptocurrencies issued by sports teams including Man U and a lot of top European and Latin American football clubs.

Notably, the Argentine Football Association's ARG fan token plummeted about one-third during its shocking upset by Saudi Arabia at the FIFA World Cup match, from $7.26 to $4.90,On the other hand, the "floor price" of "The Saudis" NFT collection jumped 50% during the game, with sales volume up almost 1,000%, top NFT site OpenSea reported.

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