Press Releases
January 11, 2024

Magic Square’s Web3 Marketplace Attracts Cryptomeria Capital Investment Amidst Rising Industry Influence

Magic Square's Web3 Marketplace Attracts Cryptomeria Capital Investment Amidst Rising Industry Influence

Cryptomeria Capital is pleased to announce its investment in Magic Square, joining prominent investors including Binance, GSR, Republic Capital, Gravity Ventures, Huobi Global, Gate.io and Crypto.com.

Magic Square serves as a Web3 gateway, offering an user-friendly, all-in-one platform for users to explore, utilize and engage with community-approved crypto applications. Its application suite, referred to as Magic Store — serves as a marketplace for Web3 startups and established companies to promote their applications to pertinent audiences. Users can effortlessly explore cryptocurrency projects and applications via this platform.

Operating as a DAO-based platform for Web3 applications, Magic Store empowers its user and developer community to oversee quality control and listing of applications, averting inappropriate listings.

“We believe in Magic Square’s potential to adeptly address challenges within the Web3 application marketplaces. Issues such as lack of a personalized user experience can hinder developers and the Web3 ecosystem alike. Magic Square not only enhances user engagement but fosters opportunities for the broader Web3 community,” said Alex Mukhin, Co-Founder and Managing Partner at Cryptomeria Capital. 

By providing users with the personalized dashboard – Magic Spaces, Magic Store enables users to access all their Web3 apps seamlessly, easily and securely. Moreover, users have the option to track all activity across all their Web3 apps and interact with the Magic Square Community. 

The Magic Store features a variety of opportunities for users, including earning Magic Karma based on the unique Use-to-Earn model, joining the Magic Boost Affiliate program and taking advantage of special offers. Magic Spaces, the personalized dashboard from Magic Store, provides users with streamlined and secure access to their Web3 apps. Users can track activity across all Web3 apps and engage with the Magic Square Community.

Magic Square is fostering a decentralized community, with recent developments including the announcement of the listing of its token $SQR on Bybit.

Cryptomeria Capital contributes actively to expanding the Web3 ecosystem, building upon a strong track record of successful investments and partnerships. The Magic Square investment made in 2023, further emphasizes our involvement in the dynamic landscape of DAO-based Web3 applications.

“Cryptomeria Capital is pleased to extend its support for Magic Square’s Web3 application Marketplace, acknowledging its cutting-edge advancements in DAO-based innovation. We are dedicated to bolstering its progressive approach and eagerly anticipate witnessing Magic Square’s sustained success in empowering the Web3 community,” said Vadim Krekotin, Founding Partner at Cryptomeria Capital. 

About Cryptomeria Capital

Cryptomeria Capital is an early-stage VC firm based in Dubai with presence in Singapore, Madrid and Hong Kong. The firm believes decentralized projects, cryptocurrencies, and Web 3.0 will dramatically reshape economic relations and focuses on ventures, tokens, and projects related to blockchain technology and crypto assets. Cryptomeria Capital supports transformation by providing early-stage financing for ambitious projects in a rapidly developing industry.

For inquiries, connect with us at:

Website – https://cryptomeriacapital.com/

Twitter – https://twitter.com/CryptomeriaCap

Email – [email protected]

Disclaimer

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About The Author

Cryptomeria Capital is a crypto fund backed by blockchain industry experts. The firm believes decentralized projects, cryptocurrencies, and Web 3.0 will dramatically reshape economic relations and focuses on ventures, tokens, and projects related to blockchain technology and crypto assets. Cryptomeria Capital supports transformation by providing early-stage financing for ambitious projects in a rapidly developing industry.

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Cryptomeria Capital
Cryptomeria Capital

Cryptomeria Capital is a crypto fund backed by blockchain industry experts. The firm believes decentralized projects, cryptocurrencies, and Web 3.0 will dramatically reshape economic relations and focuses on ventures, tokens, and projects related to blockchain technology and crypto assets. Cryptomeria Capital supports transformation by providing early-stage financing for ambitious projects in a rapidly developing industry.

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