Topic: Cristiano Ronaldo get 1 billion dollars lawsuit for his NFT failure (Read 648 times)

I am curious to know the latest on this case, I have being searching the internet to see some information as related to this case, but it seems that there is no public updates on this Matter or is it that I am searching the wrong direction and need to look other ways.

If so be it that I have not gotten any information and any one that have any latest update on this case can update me with the latest as regards to this Christiano Ronaldo case.

Honestly if people were dumb enough to buy the nfts then they shoukd be accountable for themselves.  The price of the nfts is dictated by the free market as it should be.  I don't know why so many people are surprised that all of these nft prices fell off the face of the earth.  They are useless digital pictures for the most part.  99.9% of all of them do little to nothing for the owner of them.

on social media I read that CR7 was sued in court but I didn't pay much attention to it because I thought it was fake news. I forgot how much money the lawsuit was worth, which was definitely very large and there were also those who commented that this value was also quite large for CR7. If it is true that CR7 is involved in this case, it is very unfortunate because this news will definitely have a negative impact on the crypto world.

First those investors have a very wrong mentality about NFTs and this is why many of them have fallen victim to so many of those promising NFTs collections, the problem with most cryptocurrency investors is that,  the take those projects too serious and at they become so greedy to the point that they point high hopes in those projects,  this situation is a bad one and the approach has ended up disappointing many of them in recent time.

Just like in this case,  why should one invest in a coin just because you saw a prominent figure in society promoting it,  without checking to know what the actual team behind that project is,  this is a very sorry situation and in the long run, there may not have anything on the footballer as long as this case is concerned.

The case towards Ronaldo won't progress because of the lack of solid evidence.
Yes, they can pursue a million-dollar lawsuit, but what is the chance of really getting money out of it?
Of course, Ronaldo's lawyers are not sleeping on this. They already know what to do on this case.
So I don't really think that Ronaldo's camp feel pressure on this. The complainant for sure has no solid backing of his claims.

The problem in this case is that investors should be aware of what they expect by investing in NFTs because in the end this only goes back to the collection not to others than most even though there is Cristiano's name behind them as one of the soccer players or perhaps the most highlighted athlete in terms of popularity today still we should not expect too much in this case.
Besides, if we are talking about Investment then we should know the risks that we will face especially to be in NFTs because after all this will be very much more risky for now except maybe for the previous few years where the NFT hype was still very high maybe this can also be considered.

I am not trying to defend Cristiano's name in this regard but when it comes to Investments, the decision is ours to make and that does not mean that just because Cristiano entered into a partnership for the manufacture of his NFT millik when it does not match the purchase price then we can sue because there was no compulsion to buy in the first place.

Really at some point, we are beginning to have some kind of ill feelings regarding those NFT investors because most of them should have known better that the party is over,  and anyone buying into those NFT collections should be doing so just for the love and fun of it and nothing more,  if you are lucky to have cash on the wave,  you take the profits.

But if you are unlucky such as in the case with the investors in this Chrisrano Ranaldo case,  because many of them do not have a direct deal with the player and he just promoted the project and possibly an investor also who has lost.

I don't misunderstanding of the Crypto market is what normally make people to take the wrong decisions. We have not entirely lose all our funds if we buy a crypto and the value drastically deprecates. We need to wait for when the market would go bullish for us to know whether we have really lose money or just the value of the coin or token that loses value. Cryptocurrency is all about patience if the project we are holding is not yet a rug pull. The people that bought the NFT need to relax and wiat for the bull market.

This is actually a funny thing to me because I had previously read that Cristiano was only partnering and promoting NFTs himself but in the end this is also not a compulsion to buy Ronaldo's NFTs especially since we know that the hype of NFTs is almost over and those who claim to be investors should know that because this is only about collections, don't expect too much more.

Indeed, in this case, doing promotion also carries a big risk for Cristiano but on the other hand, in the end, those who have been in crypto for a long time should understand that hype like NFTs will not last too long so demands like this I think cannot be done because in the end, what do they want to expect by trying to buy or hold many NFTs with the Cristiano theme because in the end they should also know that something like this will not last long.

Is ther any updates on the case have the player been charged to court? Or or what the latest on this case since we have alot of such projects that have leads investors to grave losses and are promoted by well know societal men as influencers?

Sometimes famous people don't fully understand the things they are promoting and they might just be interested in making easy money ( because everyone has greediness). It is important for everyone to do their research and understand the projects they are involved in no matter how much money they have.
But they both celebrity and the company have some knowledge and should think first that what they are doing. Is this legal or not. This will not make a problem in future like Ronaldo is facing.
So we should also be careful while investing.

To be honest, I am not even sure why a football super start like Cristiano Ronaldo thought that getting into promoting NFTs was a good idea for his personal finances or for his public image. I don't even know what could have pushed him to accept such a deal, specially keeping in mind he already has much money.
I am even pretty sure he did not even was aware what a Non fungible token is about and whoever was behind all if this managed to convince him this was rather some kind of collectible project, like those classic ones one can find in the form of cards or figurines. In the end, when comes to projects like these ones, those who promote and advertise them do not even care to fully understand or check whether what they are advertising is legal or at the very least, not shady.

If there is something to learn this stories like these ones is even people who already have enough money to live a comfortable live for the rest of their existence can fall for the "easy money" offers and get themselves trapped in legal suits like this one. Though, I pretty much doubt this will be the last time someone of such a huge profile will Fall victim of their own love for money and ego.

so far nothing serious has been happening, no further news about it either, I guess this lawsuit is invalid due to maybe the buyer of NFT are agreeing to term and condition first hand before buying therefore all these lawsuit made by these so called NFT investors are just invalid bluff.
this should be a lesson that advertising NFT could be a problem because the one that bought NFT don't have even the slightest idea what they are investing therefore when thing goes south people are angry because their investment that supposed to be life turning for them to turn their measly few dollars into millions if not billions turning out to be not so good investment after all.
ridiculous lawsuit but thats the thing thats happening around the world of investment some people are just not cut it to be investor and should just stick with getting salary each month because its risk free.

Wiwo link, Tom Brady is sued for [url?https://www.marca.com/en/lifestyle/celebrities/2023/11/09/654d2e4a46163fde7e8b456d.html]8 billion dollars[/url] for making FTX related ads. It just takes time to build a lawsuit that sticks. I think that Matt Damon must thank his lucky stars he picked crypto.com from all the exchanges to advertise. And i seriously doubt he would do it again.
And i am thinking that any celebrity will cover all of their legal bases in the future, before running ads for crypto exchanges or coins. It could be hard to get celebrity endorsement in the future after these kind of fines.

JeffBrad12, even if investors should know they aren't investing, it doesn't help if ads even hint about profits. Or if marketing / celebrity in any way tweet or mention that someone sold something in profit. And NFTs are pretty much a synonym with profit speculation. Even if it would be generally known as a bad investment.

This just shows how little they know about the markets and the world in general, if anyone is scamming them are the lawyers that accepted their case, since they must know that it is going to be basically impossible for them to win it and they are still going to charge them a lot of money for taking their case, so if anyone wants to invest in this market there is no problem with that, but they need to accept the very real possibility, or even the certainty in some cases, they will lose money, and if someone cannot accept that fact then they need to get out of this market.

No one is incharge of the market, all these top companies can handle to manipulate the market but doesn't take full charge. NFT are not 100% guaranteed of exploring in the market, there's something we call dump and this hits really hard on NFTs this season. Those traders especially the scalpers and spot traders can easily brief one on the capacitance of bull and bear season. Cristiano Ronaldo doesn't fall victim of been convicted because he only promotes the projects as the frontrunner but the NFT falling, how does that link up with him? There's a whole lot of explanations  to tender if they can actually think of winning Ronaldo in lawsuit case.

I think this is the second place I would ever read about this, it can't stand at all, and I wonder how a lawyer would be so daft to the extent of agreeing to sue a person simply because of their influence in NFT. For a reputable and very popular person to promote a project is never a crime especially if he also has his investments in that project. As we all know, lawyers know this but are in for the money and not for the welfare of the suer, so let's leave them to make money out of the foolish people who believe they can always sue everyone for just any cause.

C. Ronaldo started well and he shall end well, damn the critics, they will try but will always fail. I do not know how people would blame someone for their folly, and they call themselves adults. Well, there are foolish adults as no one forces them to invest in anything, yet they complain. Maybe they can tell the court that they invested due to the social status of C. Ronaldo without using their brains and without doing their own research but still agreeing to the risk involved.

It's pure nonsense!

That is life for you,  while some of them already may have gained from that investment, because you can't tell me that the NFT just turn shit right from lunching time because many of such cases,  it is the investors who may have allowed their greed to take the better part of them by not selling their holdings while they have the chances to do so,  and a lot of time most of those forks only lost a small amount,  and if it is that CR7 is just a promoter of the project then he will not have any obligation to them why it may be an obligation to him is when he has a direct contact with those investors and have given them his signature,  this is because a lot of time,  most of the celebrities that bring out such projects always promote it to they close friends and associate and some time,  many of those people, invest huge amount and if the project is selling in shares,  they will go ahead to invest heavily by buy a huge amount of the shares and that way,  Christian Ronaldo will sign a deal.

But anything outside that,  I don't think CR7undunder under any obligation to even honour that court case,  and it better still,  he has his management and their legal team let see how things go as we keep an eye on the case to see what the current update with the case,  but since we are still in the middle of international leagues,  the star play may still be busy in his club side and ain't respond anytime soon but still we have to look for any possible updates and the lawsuit progresses.

its always like this some people are just always trying to blame other people for their own mistake same with this case, suing people just because investment went down while there are definitely not a single soul forcing them to buy the NFT but they just go on buying this thinking they gonna be millionaire but alas they lost their $75 as if its their biggest lost ever so they can't accept this and think ronaldo is scamming them.
some people are truly better off not investing anything because once they are losing they try to blame other people for their own mistake and as a result they just got themselves into trouble.
after all, i think even the dumbest person in the room will definitely know that these NFT aren't truly an investment but just some pump and dump fueled by the hypes therefore investing in it would be stupid, regardless I think ronaldo won't care about this lawsuit.

I doubt Ronaldo will need to actually use his influence or his money to avoid any punishment, as to me this simply seems as if those that invested in those NFTs are just a bunch of bad losers that cannot accept they made a bad investment and this has cost them money, however you can be sure they are going to try any legal means to recover their money, and this could even be an attempt to try to smear the name of Ronaldo publicly so a settlement is proposed by his lawyers.