The Magic Square Web3 marketplace has successfully attracted an investment from Cryptomeria Capital, signaling its expanding influence in the industry.
In Brief
Cryptomeria Capital is bolstering Magic Square's efforts to empower the Web3 community, marking an essential development in the evolution of their DAO-centric platform.
Cryptomeria Capital We are excited to inform you of our investment in Magic Square which joins a roster of prominent investors including Binance, GSR, Republic Capital, Gravity Ventures, Huobi Global, Cryptocurrencylistings.com, and Crypto.com.
Magic Square acts as a gateway to the Web3 universe, providing a user-friendly and comprehensive platform for individuals to discover, utilize, and interact with apps that have community endorsement. The application suite, known as the Magic Store, serves as a marketplace where both fledgling startups and established companies can showcase their offerings to the right audiences, allowing users to easily navigate through various cryptocurrency projects.
As a decentralized autonomous organization (DAO) focused platform for Web3 applications, Magic Store it empowers both users and developers to oversee the quality and legitimacy of listed applications, ensuring that inappropriate content is excluded.
"We see tremendous potential in Magic Square to effectively tackle the issues present within the Web3 application market. Problems such as the lack of a tailored user experience can hinder both developers and the overall Web3 ecosystem. Magic Square not only improves user engagement but also opens up new avenues for the wider Web3 community,\" stated Alex Mukhin , Co-Founder and Managing Partner at Cryptomeria Capital.
By offering a personalized dashboard called Magic Spaces, Magic Store allows users to securely, easily, and conveniently access all of their Web3 applications. Users can also monitor activities across their Web3 apps and connect with the Magic Square Community.
Magic Store provides users with an array of opportunities, including earning Magic Karma through a unique Use-to-Earn model, enrolling in the Magic Boost Affiliate program, and capitalizing on exclusive offers. The Magic Spaces dashboard facilitates secure access to users' Web3 apps while letting them track their activities and engage with the community.
Magic Square is thriving as a decentralized community, with recent announcements including the listing of its token, $SQR, on various platforms. Bybit .
Cryptomeria Capital actively participates in enhancing the Web3 landscape, drawing upon its history of successful investments and partnerships. Our investment in Magic Square made in 2023 serves to underscore our commitment to the ever-evolving world of DAO-driven Web3 applications.
"We are excited to express our support for Magic Square's Web3 application marketplace. We recognize its innovative strides in DAO-driven advancements. Our focus is on strengthening its forward-looking approach, and we are eager to see how Magic Square empowers the Web3 community in the future,\" remarked Vadim Krekotin , Founding Partner at Cryptomeria Capital.
About Cryptomeria Capital
Based in Dubai, Cryptomeria Capital is an early-stage venture capital firm with presences in Singapore, Madrid, and Hong Kong. Their conviction lies in the belief that decentralized initiatives, cryptocurrencies, and Web 3.0 will significantly transform economic relations, driving their focus towards ventures, tokens, and blockchain-related projects. Cryptomeria Capital is committed to fostering innovation by providing early funding for ambitious initiatives within this rapidly evolving sector.
For inquiries, connect with us at:
Website – https://cryptomeriacapital.com/
Twitter – https://twitter.com/CryptomeriaCap
Email –
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