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Portland Trail Blazers NFT | 106 7 The Eagle | Portland Local News
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NBA gets a first ever crypto jersey sponsorship deal with StormX
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Sports agency Wasserman Media Group assisted in negotiations for the StormX agreement. Terms of the deal were not made available. However, sponsorship experts suggest the multiyear deal isn t more than $10 million per year. The Golden State Warriors earns roughly $20 million per season for its jersey patch, the most expensive in the NBA.
StormX allows users to earn cryptocurrency when they shop with top brands, like a cash-back or reward-based business model. The company makes revenue from transaction fees. The announcement of the deal notes StormX has 800 global partners and more than 2 million users. The company also has a mobile app for Apple and Android devices.
Jul 1, 2021
Photo: Portland Trail Blazers
The Portland Trail Blazers and StormX today announced a significant multi-year jersey patch partnership beginning in the 2021-22 season to include placement of the StormX logo on the Trail Blazers game and practice jerseys. StormX, the Exclusive Blockchain Partner of the Portland Trail Blazers, is a Crypto Cashback provider and Chrome extension aiming to make earning crypto easy and accessible for anyone.
StormX is the Trail Blazers first International Rights Partner as part of the NBA’s International Team Marketing Program aimed to engage fans around the globe. This will grant StormX, in partnership with the Trail Blazers, rights to distribute and conduct team-identified marketing and activities internationally, a must for any partner in this space and especially one that will adorn the team’s uniform, which will be seen all over the world. The cryptocurrency company is also minority-owned, making it one of the few minority-owned jer