EMURGO Ventures (EMV) has made a strategic investment in Magic Square, the ground-breaking Web3 app store that has solidified its place as a pioneering and top alternative to the iOS App Store and Google Play Store.
Web3 App Store Magic Square Receives Strategic Investment from EMURGO Ventures
Magic Square’s mission to transform the Web3 app ecosystem has advanced with this significant investment. On the other hand, EMURGO’s investment decision is an example of its commitment to fostering innovation in the blockchain ecosystem and its belief in the unique potential of Magic Square.
EMURGO Ventures invested in Magic Square because it is building the gateway for users to discover and seamlessly use Web3 Apps from various chains. We strongly believe that this could potentially lower entry barriers to the Web3 space and accelerate the adoption of Web 3.0.
Takashi Hayashida, Managing Partner At EMURGO Ventures
About the Investment Round
Building on the momentum of earlier funding rounds that featured titans of the sector like Binance Labs, Crypto.com Capital, and Republic Capital, the current investment round is nearing its conclusion at an outstanding valuation of $90 million. The success of this investment round has attracted the attention of many people in the sector.
The partnership with EMURGO Ventures, a respected leader in the blockchain industry, underscores the confidence in Magic Square’s mission to create a decentralized app ecosystem,
Andrey Nayman, The Co-Founder And CEO Of Magic Square
About Magic Square
Users can find community-approved programs and games from the Web3 ecosystem on Magic Square, the top Web3 app store. The platform encourages interaction and participation by rewarding its users.
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