Crypto cashback app StormX to be jersey patch partner of NBA’s Portland Trail Blazers
StormX, a crypto cashback provider, has been announced as the first crypto jersey patch partner in the NBA. StormX is now the exclusive blockchain partner of the Portland Trail Blazers. As part of the deal, the StormX logo will appear on the upper left patch position of Trail Blazers game jerseys. StormX will also receive on-court, courtside, and baseline brand exposure, including TV visible brand exposure.
“We’re honored to be the first crypto company to form a jersey sponsorship with not only a team of such high caliber, but also with a league of the same stature. Like the Trail Blazers namesake, we see ourselves as trailblazers in the drive for the mass adoption of crypto, by helping everyday people earn crypto while they shop,” said Simon Yu, CEO, and Co-Founder of StormX, who grew up in Portland as a Blazers fan.
Partnership
Also, StormX is the Trail Blazer’s first international rights partner, giving StormX, in partnership with the Trail Blazers, rights to distribute and conduct team-identified marketing internationally, Further, StormX and the Trail Blazers will partner on community-based initiatives tied to sustainability in Portland.
“We are extremely excited to have our team wear such a groundbreaking, revolutionary company on the front of our jerseys. StormX is a fresh, energetic company with Pacific Northwest roots that can educate and motivate Rip City around financial wellness and independence,” said Chris McGowan, President & CEO, Portland Trail Blazers and Rose Quarter.
There is a growing synergy between crypto and sports, with the NBA leading progress with the launch of NBA Top Shot, a blockchain-based trading card system where fans can purchase non-fungible tokens (NFTs) of their favorite NBA moments.
Since its launch, StormX (STMX) has paid out over $4 million in cryptocurrency cashback rewards and has grown a user base across 173 countries. In April, StormX closed a $6.03M growth round, led by PayPal and Honey investors Plug and Play Ventures with plans to expand into the NFT market and to provide further crypto cashback to users with an upcoming debit card launch.
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