NBA's Portland Trail Blazers Partner With Crypto Cashback Company Stormx

Portland Trail Blazers Uniforms to Feature Crypto Cashback Firm's Logo

The NBA's Trail Blazers revealed this week that the basketball team has entered a deal with the blockchain company Stormx. Founded in 2015, the Stormx project is basically a crypto cashback provider that also features a native token called STMX. The Trail Blazers and the NBA's own publication, hosted on nba.com, claim the deal between Stormx and the team is a "never-before-seen partnership.”

Crypto Invades Mainstream Sports

Sports deals like these have been leaking into the cryptocurrency world more and more these days. For instance, MLB club the Oakland A's started accepting bitcoin for 2021 season passes this year and even revealed the ball club would hold the bitcoin obtained from ticket sales. In March, a number of NBA team owners formed an NBA blockchain advisory committee for the American professional basketball league. The NBA blockchain committee is made up of owners of teams like the Nets, Mavs, Wizards, Celtics, Kings, and Jazz.

Source from Bitcoin.com

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