Crypto App Store Magic Square Raised $3M in Seed Round Co-led by Binance Labs and Republic Capital

Multi-chain crypto app store Magic Square has closed a $3m seed funding round co-led by Binance Labs and Republic Capital, with participation from KuCoin Labs, GSR and others. The fund raised will be used for user acquisition growth, product development, and team expansion. Magic Square aims to build a holistic ecosystem for developers and users to experience different worlds in blockchain by providing various product suites, including the Magic Store, MagicID, Magic Community, and Magic Affiliates. The team plans to launch its closed beta soon, after which the public beta will be open to 50,000 pre-registered users.