AP Photo/Matt YorkStormX, the NBA's first cryptocurrency provider, was announced by the Portland Trail Blazers as their new jersey sponsor.Blazers president Chris McGowan stated that the deal was "exciting" and added, "We are very excited to have our teams wear such a revolutionary company on our jerseys." "StormX, a young and energetic company with Pacific Northwest roots, can help Rip City learn about cryptocurrency and earn Crypto Cashback. As a partner, I look forward to the next steps."The NBA and its teams were quick to get on board the crypto train.In 2014, the Sacramento Kings became the first professional sports team to accept Bitcoin payments. The league also lent its license in 2014 to NBA Top Shot. This has led to some large-scale transactions by fans and players for non-fungible tokens.To celebrate StormX's new sponsorship, the Blazers will release a NFT in July.
