StormX signs five-year, eight-figure jersey patch deal with Portland Trail Blazers starting 2021-22

Seattle crypto startup StormX signed a five-year, eight-figure jersey patch deal with the NBA’s Portland Trail Blazers starting in the 2021-22 season, becoming the first cryptocurrency company to sponsor an NBA jersey. The agreement includes in-arena branding, exclusive blockchain partner rights, international marketing/distribution rights, and highlights StormX’s growth (3M+ app downloads, $209M token market value).