The cryptocurrency platform StormX has become the latest Portland Trail Blazers sponsor, being the first such firm to get a jersey patch deal with an NBA team. The NBA was one of the early adopters of blockchain technology when it comes to professional sports leagues. The association made waves with the launch of its NBA top Shot, which has become the most popular platform of this kind in the U.S. Since then, numerous NBA teams have begun providing payments in cryptocurrencies. In contrast, others offer digital currency payments for merchandise or tickets, and others are collaborating with crypto firms.
The concept of sponsored item patches is somewhat new to the NBA, only being used the last few seasons. The Blazers will become the first-ever NBA team to have a crypto company patch on their uniform and the first of any North American professional sports.
StormX Offers Cashback in the Form of Crypto Coins
StormX is an exceptional application that enables users to earn cashback in crypto coins by simply shopping at stores that collaborate with the firm. Customers are offered 0.5 percent and 87.5 percent cash back, depending on the reward tier they are on.
The crypto field can be intimidating to break into and difficult to get used to for some, but StormX provides new users the opportunity to earn crypto without making a real commitment or risking personal assets. Since it’s been launched, the app has paid approx—$ 4 million in crypto coins cashback rewards across more than 170 countries.
The cashback app closed a $6 million increase round in April, and the team aims to expand into the NFT field. In addition, StormX has numerous other offerings, including an in-house token and a future debit card. The platform is also working on Blazer’s first NFT collection, which is expected to launch later this month.