- The NBA team Trail Blazers has partnered with Stormx.
- NBA’s own publication claims that these are “never-seen-before” partnerships.
- Sports are stepping into the cryptocurrency market in recent times.
Since the beginning of 2021, there have been numerous announcements regarding sports teams and famous athletes, players intervening in crypto-space. Significantly, the National Basketball Association’s (NBA) Portland Trail Blazers have revealed about its partnership with Stormx.
Stormx is a cryptocurrency cashback provider that was founded in 2015. It has its own native token, STMX. The NBA’s own publication claims that this is a never-before-seen collaboration.
Notably, Stormx will be the Portland team’s first International Rights Partner, with the goal of “engaging fans around the world”. Stormx will have the ability to conduct collaborative marketing and other types of activities on a global scale.
Furthermore, Trail Blazers will feature the logo of Stormx on the front-side of the jerseys. Chris McGowan, president, and CEO of the Portland Trail Blazers and the Rose Quarter says he is excited to take the next steps as a team and is grateful for the partnership with Stormx. He also stated:
“Stormx is a fresh, energetic company with roots in the Pacific Northwest that can educate and motivate Rip City about cryptocurrency and earning cryptocurrency cashback.”
Sports World Diving Into Crypto World
Sports teams have been exceedingly sliding into the cryptocurrency space since 2021. For instance, NBA’s Brooklyn Nets revealed an announcement to their fans about ticket booking using Bitcoin (BTC).
Moreover, Grayscale Investments has become the official sponsor of the NFL team New York Giants. Another NFL team, the Dallas Mavericks, has caught the attention of the crypto community by offering tickets in Bitcoin and Ethereum.
Consequently, The Trail Blazers and Stormx intend to release the first NFT in mid-July, based on the team’s critically acclaimed Gameday Poster Series. Stormx’s CEO and co-founder, Simon Yu stated that the firm is honored to be the first cryptocurrency company to form a jersey sponsorship with Trail Blazers. It is not only a high-caliber team but also a league of the same stature.
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