On Thursday, StormX, a leading cryptocurrency money back service provider, announced that it will do a jersey patch promotion event with the Portland Trail Blazers (POR).
This is the first collaboration in history between the National Basketball Federation (NBA) and the NBA team’s cryptocurrency company. The partnership is also the first collaboration between StormX and the Portland Trail Blazers.
According to CNBC report, StormX will complete the deal through Wasserman Media Group’s sports organization, allowing StormX’s company logo to appear on Trail Blazers and practice games. StormX will also receive trademark exposure in court, tribunals and at home, including trademark exposure on television, according to StormX. The logo is also marked as the group’s intellectual property rights internationally.
Chris McGowan, CEO of Blazers, said in a statement praising StormX’s “revolutionary”:
“Thanks to the deal, the Blazers fan base will provide more information on cryptocurrency and earning Crypto Cashback.”
StormX has a customer base in 173 countries. StormX allows users to earn cryptocurrency by purchasing top brands such as cashback or reward-based business models, and has paid over $ 4 million in Crypto Cashback rewards since its release.
Simon Yu, CEO and founder of StormX, said:
“We are honored to be the first cryptographic company to form a jersey sponsorship not only with a high-caliber team but also with a league of the same length.
StormX also creates the team first NFT will be released this month.
The cryptocurrency has been particularly active on the sports field, especially since the success of the invaluable brand platform NBA Top Shot.
At the beginning of this Tuesday, the Hong Kong-based cryptocurrency exchange Crypto.com was in pairs with the Formula 1 racing car brand as a global partner.
Image source: nba.com