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Home CryptoCurrency

EMURGO Ventures invests in Magic Square to further strengthen its position as the leading Web3 app store

admin by admin
July 7, 2023
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EMURGO Ventures invests in Magic Square to further strengthen its position as the leading Web3 app store
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(Press release – Rhode Town, British Virgin Islands, July 7, 2023)

magic squareinnovative Web3 App Store which has firmly established its position as the leading and leading alternative to iOS App Store and Google Play Store for Web3, announced a strategic investment from EMURGO Ventures (EMV). This significant investment is an important step in Magic Square’s quest to revolutionize the web3 app ecosystem.

EMURGO Venturesventure capital and investment branch EMURGO, serves as the official commercial arm and founding entity of the Cardano blockchain. Its decision to invest in Magic Square signals a commitment to fostering innovation within the blockchain ecosystem and a firm belief in Magic Square’s unique potential.

Takashi Hayashida, Managing Partner, EMURGO Ventures, said, “EMURGO Ventures has invested in Magic Square as it is building a gateway for users to discover and seamlessly use Web3 apps from various chains. We strongly believe that this can potentially lower entry barriers to the Web3 space and accelerate Web 3.0 adoption.”

Since its successful public beta launch in May, Magic Square has seen significant growth with over 200,000 registered users and over 750 projects listed. High-profile names such as Gala Games, Kraken, 1inch, OKEx, CyberConnect, WooFi, Trader Joe’s, Li.Fi, KyberSwap have added to the appeal of the platform. Developers interested in listing their projects can do so through the following form: submit your app,

Current investment round nears conclusion with impressive valuation $90 million This builds on the momentum from previous funding rounds that included industry giants such as Binance Labs, Crypto.com Capital, and Republic Capital. Those who are interested to grab the remaining opportunities in this round can inquire here: inquiry,

“Partnering with EMURGO Ventures, a respected leader in the blockchain industry, underscores Magic Square’s belief in its mission to build a decentralized app ecosystem,” said Andrey Neiman, co-founder and CEO of Magic Square.

About Magic Square

Magic Square is the leading Web3 app store where users can discover community-tested apps and games from the Web3 ecosystem. The platform empowers its users by promoting rewards, engagement and participation. Additionally, Magic Square provides project developers with a robust solution for community development, user acquisition and retention, underpinning its holistic approach to revolutionizing the world of Web3 applications.

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PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.



(Press release – Rhode Town, British Virgin Islands, July 7, 2023)

magic squareinnovative Web3 App Store which has firmly established its position as the leading and leading alternative to iOS App Store and Google Play Store for Web3, announced a strategic investment from EMURGO Ventures (EMV). This significant investment is an important step in Magic Square’s quest to revolutionize the web3 app ecosystem.

EMURGO Venturesventure capital and investment branch EMURGO, serves as the official commercial arm and founding entity of the Cardano blockchain. Its decision to invest in Magic Square signals a commitment to fostering innovation within the blockchain ecosystem and a firm belief in Magic Square’s unique potential.

Takashi Hayashida, Managing Partner, EMURGO Ventures, said, “EMURGO Ventures has invested in Magic Square as it is building a gateway for users to discover and seamlessly use Web3 apps from various chains. We strongly believe that this can potentially lower entry barriers to the Web3 space and accelerate Web 3.0 adoption.”

Since its successful public beta launch in May, Magic Square has seen significant growth with over 200,000 registered users and over 750 projects listed. High-profile names such as Gala Games, Kraken, 1inch, OKEx, CyberConnect, WooFi, Trader Joe’s, Li.Fi, KyberSwap have added to the appeal of the platform. Developers interested in listing their projects can do so through the following form: submit your app,

Current investment round nears conclusion with impressive valuation $90 million This builds on the momentum from previous funding rounds that included industry giants such as Binance Labs, Crypto.com Capital, and Republic Capital. Those who are interested to grab the remaining opportunities in this round can inquire here: inquiry,

“Partnering with EMURGO Ventures, a respected leader in the blockchain industry, underscores Magic Square’s belief in its mission to build a decentralized app ecosystem,” said Andrey Neiman, co-founder and CEO of Magic Square.

About Magic Square

Magic Square is the leading Web3 app store where users can discover community-tested apps and games from the Web3 ecosystem. The platform empowers its users by promoting rewards, engagement and participation. Additionally, Magic Square provides project developers with a robust solution for community development, user acquisition and retention, underpinning its holistic approach to revolutionizing the world of Web3 applications.

Special Offer (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).

PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.

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