Seattle startups push into crypto, blockchain and Web3 amid investor caution and regulatory shifts
The article lists Seattle startups building products and services around crypto, blockchain, and Web3, noting the region’s talent but limited local investor interest and regulatory uncertainty. Industry leaders cite Seattle’s potential as a cloud-computing hub while warning entrepreneurs face funding disadvantages compared with other jurisdictions.
Simon Yu, ex-Bomba Fusion owner, leads crypto startup StormX and lands Portland Trail Blazers sponsorship
Seattle entrepreneur Simon Yu closed his Korean-Mexican food truck Bomba Fusion and pivoted to cofound StormX, a fast-growing crypto startup he launched in 2015; recently StormX secured a sponsorship deal with the Portland Trail Blazers as Yu reflects on his journey from financial hardship to startup success.
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).
Organizations
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DuelNow CEO and Co-Founder 2024–present · current
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N/A Angel Investor & LP 2018–present · current
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StormX Co-Founder 2015–2025 · past
Education
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University of California, Berkeley Berkeley Blockchain Xcelerator, Blockchain, Entrepreneurship · 2020
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Foster School of Business Bachelor of Business Administration (BBA), Finance · 2009–2014
