Magic Square

Apple’s 30% tech tax on developers has not just antagonized consumer tech giants like <a href="https://www.bloomberg.com/news/newsletters/2021-05-03/apple-s-30-fee-an-industry-standard-is-showing-cracks" rel="noopener noreferrer nofollow">Epic Games and Spotify</a> but is also <a href="https://twitter.com/aidanfitzryan/status/1573303748998451201" rel="noopener noreferrer nofollow">turning web3 startups against it</a>. Major NFT marketplaces OpenSea and Magic Eden noticeably only let users browse listings on their iPhone apps without enabling trading to avoid the steep fees. But doing so bars the <a href="https://www.theverge.com/2021/1/27/22253162/iphone-users-total-number-billion-apple-tim-cook-q1-2021" rel="noopener noreferrer nofollow">one billion iPhone users</a> from easily accessing a new breed of decentralized apps, while web3’s current challenge is to drive mass adoption.A nascent startup hopes to solve the app store problem for web3. Founded last year, <a href="https://magic.store/store" rel="noopener noreferrer nofollow">Magic Square</a> is building an app store that lets developers list projects that are vetted by the community. And its initial traction — 250,000 have signed up to test its upcoming beta version — has helped it attract investor attention.Magic Square’s valuation jumped to $75 million after recently raising an additional $1 million, up from the $30 million price tag of its <a href="https://www.binance.com/en/blog/ecosystem/binance-labs-leads-$3-million-seed-funding-for-magic-square-421499824684904080" rel="noopener noreferrer nofollow">$3 million seed round led by Binance and Republic</a> that was closed in July. The startup is now seeking to raise $4.4 million at a $120 million valuation, CEO Andrey Nayman told TechCrunch.Read more on <a href="https://techcrunch.com/2022/10/11/magic-square-web3-app-store-apple/?guccounter&#61;1&amp;guce_referrer&#61;aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig&#61;AQAAADgMh-AVXojkVOkRH7Wz-8bLIciCc5q1758Dm3Ph8jZvfjNzzswUfRYHUFhZ63pPt-bcXSEnwQUnMwPzFKzdbz_hPoQnIUguKYahZzZd9Oji8Hs-ugqnhaQqKGO1tPK-FgjMZA2UZJcGpVnyCXllGD_0cTG2kUID40l51UHKbL_z" rel="noopener noreferrer nofollow">techcrunch.com</a><h2 id="header-0">About Magic Square</h2>Magic Square is the leading Web3 app store where users can discover community-vetted apps and games from the Web3 ecosystem. The platform empowers its users with rewards, fostering engagement and participation. Simultaneously, Magic Square offers project developers a robust solution for community growth, user acquisition, and retention, underlining its holistic approach to revolutionizing the world of Web3 applications.

Magic Square is building a web3-friendly app store for developers.

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Magic Square

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