Details

Last Funding Type

Seed

Last Funding Money Raised

$3M

Industries

Blockchain

Founded date

Jan 1, 2021

Number Of Employee

11 - 50

Operating Status

Active

Also Known As

Magic Store

Magic Square (founded 2021) is a unified, integrated, interoperable space for users to discover and experience community-vetted crypto apps, and for crypto app developers to market and monetize their best applications.

The Magic Store is the fundamental element of the Magic Square project. Within the Magic Store, there are multiple working elements that dictate the communication between many moving parts.

Overview

Magic Square is a multifaceted system that covers all the UX bases: The Magic Store guides users to discover the highest quality crypto apps with built-in integrated DeFi. Users sign in to all of their apps with one SSI secured Magic Connect leading to their personalized Magic Spaces: where crypto-app experiences begin and end. Users and Creators discuss and collaborate in a dedicated Magic Community space.

The Magic Square interface includes three main components: The Magic Store, Magic Spaces, and Magic Connect. Each of these serves a di!erent function for the three groups who use the platform: crypto application users (Users), crypto application developers (Creators), and new community validators (Validators).

Each of these groups plays a unique role in the Magic Store interface, with a unique set of actions and responsibilities. Users must enter the system and obtain a secure persona with their secure Magic Connect login credentials. Creators must successfully deploy apps to be validated by the Validators, who vote on the new apps entering the ecosystem.