Magic Square

<h2 id="header-0">What is Magic Square?</h2>
Magic Square is a one-year-old platform that wants to help the crypto industry garner one billion users with improved discovery tools.
Users can use&nbsp;<a href="https://magic.store/" rel="noopener noreferrer nofollow">Magic Square's Magic Store</a> desktop application to easily find new crypto projects and applications.
“YouTube is a discovery channel, the app store is a discovery channel,” Nayman said. “In the crypto space, somehow people think that exchanges are discovery channels. They are not. They are good for tokens, liquidity but not for the discovery of the product.”
There are currently 40 people working to build what Magic Square hopes will be a decentralized community.
To get listed on the store, apps and projects must go through a community validation process, which includes a review of the project’s litepaper, audit reports and more. This process is managed by Magic Square validators.
<h2 id="header-1">Why so many strategic investors?</h2>
Backers of Magic Square include Binance, GSR, Republic Capital, Gravity Ventures, and more recently strategic investors Crypto.com, Huobi Global, and Gate.io.
The strategic investors play a vital role in helping build out the discovery platform by enabling&nbsp;partnerships with portfolio companies.
“This is something that was really helpful for us to grow our community, because we barely invested any budget on marketing or to promote the product,” Michael Landsberger, Magic Square's COO, said.
Around 95% of the projects on the platform came from an introduction by one of the company’s investors, Landsberger said.
Read more on <a href="https://www.theblock.co/post/175937/crypto-com-backs-discovery-platform-magic-square-fundraise-75-million-valuation" rel="noopener noreferrer nofollow">theblock.co</a>

Crypto.com backs discovery platform Magic Square amid fundraising flurry

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Magic Square

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