The Portland Trail Blazers are entering a new era with a brand new head coach in Chauncey Billups, and now they have a new jersey patch sponsor as well.
The team announced early Thursday it would be partnering with cryptocurrency company StormX, replacing Biofreeze as the team's official jersey sponsor.
“We are extremely excited to have our team wear such a groundbreaking, revolutionary company on the front of our jerseys,” said President & CEO Chris McGowan in the official press release.“StormX is a fresh, energetic company with Pacific Northwest roots that can educate and motivate Rip City around cryptocurrency and earning Crypto Cashback. I look forward to taking these next steps together as partners.”
As McGowan noted, StormX has local ties making it a great partner for the Blazers. The company was founded in part by Portland's own Simon Yu, with his business partner Calvin Hsieh. StormX has over two million users and 800 global partners and "empowers consumers to discover, thrive, earn and enjoy the world of crypto with everyday purchases anywhere, anytime, from any device by earning Crypto Cashback."
“We’re honored to be the first crypto company to form a jersey sponsorship with not only a team of such high caliber, but also with a league of the same stature,” said Yu. “Like the Trail Blazers namesake, we see ourselves as trail blazers in the drive for the mass adoption of crypto, by helping everyday people earn crypto while they shop.”
In addition to the jersey patch, StormX and the Trail Blazers will partner to launch their first non-fungible token (NFT) based on the team’s acclaimed Gameday Poster Series. For those who don't know, NFT's became a hot commodity this last year when NBA Top Shot exploded onto the scene. The release of the Gameday Poster NFTs will happen later this month, so stay tuned for more information.
In the meantime, you can learn more about StormX by heading to their official website HERE.
StormX, welcome to the Trail Blazers family.