Magic Square raises $3M seed funding co-led by Binance Labs and Republic Capital
Summary
Users can discover dApps, Games, CeDeFi, NFTs, and more in one place with an intuitive design.The seed round of funding supports Magic Squares growth strategy to scale up user acquisition significantly, and enhance product development and team expansion.Mia Mai, Investment Director at Binance Labs, commented: "Binance Labs sees the potential in Magic Square, especially in its user-friendly designs and business model as a Web3 dApp store. "Republic Capital seeks to pursue the perfect meld between infrastructure technology robust enough to stand the test of time while also reaching a broad retail audience for mass adoption. It is well positioned to provide aspiring projects with the opportunity to generate more traction for their products by rewarding those who take part in it similar to a referral program. From incentives to promotional offers, developers are enabled to connect with their audience to drive traffic and user acquisition further for their unique project. It simplifies marketing efforts for every project while amplifying the results, Nate Holtzman, Director of Partnerships and Head of Magic Affiliates commented.Magic Square is on a mission to build the most user-driven product for crypto users and developers.