As reported by The Block, Magic Square, a crypto app store, acquired TruePNL, a token launchpad, for an undisclosed amount.
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Magic Square will gain TruePNL's tech but not its brand or token.
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TruePNL will continue operating independently.
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Magic Square plans to launch its own staking and token launchpad using TruePNL's tech.
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This acquisition aims to expand Magic Square's offerings and make its token (SQR) more valuable.
Coingecko listing – https://www.coingecko.com/en/coins/magic-square
This seems to be a preparation for a native launchpad on Magic Square and I love to see it! Eager to see how this affects the price.