Binance on Thursday announced the exclusive signing of a partnership agreement with Portuguese and Manchester United player, Cristiano Ronaldo. This partnership contains a multi-year agreement that would see the Football star creating different NFT collections.
According to Binance, this partnership aims to introduce and compel Ronaldo’s fans into the Web3 universe. While the contract lasts, the football star would create different NFT collections which will be sold solely on Binance.
The announcement also adds that the introductory NFT collection and other designs will come before the end of the year. Even though the duration of the contract remains unknown.
However, the partnership would make Binance, the world’s largest crypto exchange, the only platform where the Cristiano Ronaldo NFTs would be traded.
Consequently, it would also put Cristiano Ronaldo on the list of footballers involved in NFT projects. Some footballers who have at one time or the other supported NFTs include John Terry, Reece James and Paul Pogba.
Binance Introduces Institutional services
In a bid to boost its institutional offerings and services, Binance has announced the launch of Binance Institutional. Binance Institutional is a new platform targeting VIPs and other large-scale users.
This service hopes to offer an extensive product suite and extraordinary market liquidity to the target users. Some of the targets include asset managers, brokers, hedge funds, liquidity providers, miners, and rich people, amongst others.
What the Service Entails
According to the announcement, the service would provide world-class digital asset solutions like Execution & OTC Services, Asset Management, and Custody, Broker Program, and Liquidity Program.
Also, Trading Solutions, Yield Products, Professional Services, and Data & Reporting, are among some of its Institutional-grade products and services.
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