Research firm launches public survey on Ronaldo’s $1 billion Binance NFT Ads suit

Real Research, a blockchain-powered research platform, has taken to social media to seek public opinion on the high-profile $1 billion lawsuit against soccer legend Cristiano Ronaldo over his alliance with Binance.

The research agency announced the development through a post on its official account. It urged crypto market participants and the broader internet communities to weigh in on the class action lawsuit seeking $1 billion in damages. According to the notice, it is a week-long call for public inputs ending on December 21.

This legal action against Ronaldo specifically stemmed from his endorsement of Binance’s non-fungible tokens (NFTs). Last year, Binance unveiled its first collection of NFTs titled “CR7” in collaboration with Ronaldo. The critically acclaimed footballer saw the collection as a means to appreciate fans for their support over the years.

A year later, Cristiano Ronaldo is now facing a high-profile lawsuit in the United States over the deal. According to the plaintiffs, the Portuguese football star’s promotion of Binance and its offers was misleading and unlawful.

Furthermore, prosecutors alleged that Binance’s partnership with prominent figures like Ronaldo lured individuals into making costly and imprudent investment decisions. Furthermore, it claimed that Binance’s partnership with Ronaldo proved to be incredibly successful, noting that online searches for “Binance” increased by as much as 500% following the release of the CR7 NFTs.

The statement read:

Evidence now shows that Binance’s fraud could only reach such heights by offering and selling unregistered securities, with the willing help and assistance of some of the richest celebrities in the world – just like defendant Ronaldo.

Ronaldo’s NFTs reportedly sold for between $77 and $10,000, centered around pivotal moments from his illustrious career.