StormX, an encrypted cashback provider, has been announced as the NBA’s first encrypted jersey patch partner. StormX is now the exclusive blockchain partner of the Portland Trail Blazers.

As part of the deal, the StormX logo will appear in the patch on the upper left corner of the Trail Blazers game and practice jerseys. StormX will also receive on-court, sideline and baseline brand exposure, including TV-visible brand exposure.

“We are honored to be the first cryptocurrency company to sponsor a jersey. Not only do we have such a high-quality team, but also a league of equal status. Just like the Blazers players of the same name, we see ourselves as the mass adoption of crypto. Pioneer of currency, by helping ordinary people earn cryptocurrency while shopping,” said Simon Yu, CEO and co-founder of StormX, who grew up in Portland, as a fan of the Trail Blazers.

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In addition, StormX is the first international rights partner of the Trailblazers, giving StormX the right to cooperate with the Trailblazers to distribute and conduct team identification marketing internationally.

In addition, StormX and the Trailblazers will collaborate on a community-based program related to Portland’s sustainable development.

“We are very excited for our team to put on such a pioneering and revolutionary company in front of our jerseys. StormX is a fresh and dynamic company rooted in the Pacific Northwest. It can be financially healthy and independent. Educate and motivate Rip City on sex,” said Chris McGowan, President and CEO of the Portland Trail Blazers and Rose Quarter.

The synergy between cryptocurrency and sports is growing. With the launch of NBA Top Shot, the NBA has made leading progress. NBA Top Shot is a blockchain-based trading card system where fans can buy their favorites The non-fungible token (NFT) of the NBA moment.

Since its launch, StormX has paid more than $4 million in cryptocurrency cashback rewards and expanded its user base in 173 countries. In April, StormX completed a $6.03 million growth round led by PayPal and Honey investor Plug and Play Ventures. It plans to expand into the NFT market and provide users with more encrypted cash back through the upcoming debit card.