Magic Square
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 1.5m | 3.4m |
% growth | - | 127 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $1.0m | Seed | |
* | $3.0m | Seed | |
$1.0m Valuation: $74.0m | Seed | ||
* | N/A Valuation: $90.0m | Early VC | |
* | N/A | - | |
Total Funding | €4.5m |
Recent News about Magic Square
EditMagic Square operates in the rapidly evolving Web3 market, serving as a bridge between the traditional internet (Web2) and the decentralized internet (Web3). The company's primary offering is the Magic Store, a platform that provides access to a wide range of decentralized applications (dApps), games, and experiences. These offerings are carefully selected by the Magic Square community, ensuring that users have access to the highest quality Web3 content.
Magic Square's customer base is broad, encompassing anyone interested in exploring the world of Web3. This includes tech enthusiasts, gamers, and individuals interested in decentralized finance and blockchain technology. The company's business model is centered around user engagement and participation. Users are incentivized to interact with the platform through a rewards system known as Karma Points. These points can be earned by participating in various activities on the Magic Store, such as joining contests or contributing to project validation. Karma Points can then be converted into rewards, including exclusive bonuses, airdrops, and access to special offers.
Magic Square generates revenue through this user engagement. While the specifics of their monetization strategy are not publicly available, it is likely that they earn income through a combination of transaction fees, advertising, and partnerships with dApp developers and other Web3 entities.
In conclusion, Magic Square is a user-centric platform that provides a gateway to the world of Web3. It operates in a growing market and has a unique business model that incentivizes user participation and engagement.
Keywords: Web3, Decentralized Applications (dApps), Blockchain, Karma Points, User Engagement, Rewards System, Community-Vetted Content, Decentralized Internet, Magic Store, Web2-Web3 Bridge.