On July 1, the National Basketball Association (NBA) Portland Trail Blazers announced that the country’s professional basketball team is partnering with crypto cashback company Stormx.

The National Basketball Association (NBA) Portland Trail Blazers professional basketball team works with blockchain company Stormx

The NBA’s Trail Blazers announced this week that the basketball team has reached an agreement with blockchain company Stormx, a cryptocurrency provider that also has a built-in token called STMX. The Trail Blazers and the NBA’s own publication hosted on nba.com claim that the deal between Stormx and the team is an “unprecedented partnership”.

In essence, Stormx will be the first international rights partner for the Portland team, which aims to “inspire fans around the world.”

Stormx will have the right to conduct marketing and other forms of activities as determined by the team internationally.

According to the announcement, the Stormx logo in particular will be included in the team uniform. Chris McGowan, President and CEO of the Portland Trail Blazers and Rose Quarter, said he was excited to see team sports “an innovative, revolutionary company right in front of our jerseys.”

“Stormx is a fresh, energetic company with roots in the Pacific Northwest that can educate and promote Rip City about crypto and crypto profits,” added McGowan. “I look forward to taking these next steps together as a partner.”

Learn more about the Portland Trail Blazers basketball team

The Portland Trail Blazers (commonly known as the Blazers) are an American professional basketball team based in Portland, Oregon. The Trail Blazers compete in the National Basketball Association (NBA) as a member of the league’s Western Conference Northwest. The team played home games at Memorial Arena before moving to Moda Center (known as Rosengarten until 2013) in 1995. The franchise entered the league in 1970 as an expansion team and has a strong track record: between 1977 and 1995, the team sold 814 home games in a row, a long record, as in the most important American professional sports of the time, and only since then surpassed by the Boston Red Sox . The Trail Blazers are the only NBA team based in the Pacific Northwest of the Two Countries after the Vancouver Grizzlies moved to Memphis in 2001 and the Memphis Grizzlies in 2001 and the Seattle SuperSonics moved to Oklahoma City and the Oklahoma City Thunder in 2008.

Learn more about Stormx

StormX aims to revolutionize the future of work with a mission to improve the lives of workers around the world. The micro-market powered by blockchain technology makes it simple and easy to win. With StormX’s gaming proliferation and the integration of blockchain technology into the app, they are producing “Crypto” for the new business economy.

By August 2017, Storm Market participants had traveled to over 187 countries, over 250,000 monthly active users and over 1 million downloads.

StormX provides a completely decentralized marketplace for tasks – the “Storm Market”. The introduction of the STORM token, an ERC20-compliant token that runs on the Ethereum blockchain, is the first step towards Storm Market.

Trail Blazers and Stormx plan to release the first NFT in mid-July, based on the popular Gameday poster series. “We are honored to be the first crypto company to sponsor a t-shirt not just for a team of this caliber, but for a tournament with great impact,” said Simon Yu, CEO and co-founder of Stormx. “As the Trail Blazers name suggests, we see ourselves as pioneers in mass adoption of cryptocurrencies and helping ordinary people make crypto while shopping,” he added.

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