Web3 App Store Magic Square Unveils $66M Grant Program

  • Web3 app store Magic Square is launching a $66 million grant program for projects listed on its platform.

  • The grant program, called Ecosystem Grant Program, is equal to 12% of the total supply of Magic Square's native token (SQR). (120 million SQR)

  • Grants will be used to help app and game developers with initial marketing costs to improve visibility and user acquisition.

  • Magic Square is a Web3 app store backed by companies like Binance Labs and Crypto.com Capital.

Source – https://www.coindesk.com/business/2024/03/06/web3-app-store-magic-square-unveils-66m-grant-program/

Coingecko listing – https://www.coingecko.com/en/coins/magic-square

2 thoughts on “Web3 App Store Magic Square Unveils $66M Grant Program”

  1. Good stuff. This is a lot of money that will fuel even more growth for both Magic Square and the projects that are listed there.

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