Magic Square is enthusiastic to onboard Gate.io Labs as its strategic investor. Gate.io Labs operates as Gate.io’s strategic investment branch. Gate.io is considered among the prominent crypto exchanges working across the globe. As per the company, they will take MagicID, Magic Affiliates, Magic Store, and many other things to their prestige with the support as well as the resources that Gate.io Labs will provide.
Magic Square Gets a Strategic Investment from Gate.io Labs for the 1st Web3 App Store
Magic Square’s CEO, Andrey, mentioned that this event points toward a prominent landmark in Magic Square’s history because many leaders within the industry will join hands with them to follow their mission. Gate.io Labs’ investment, in addition to that made by the rest of the well-known investors, will bring to the front the infinite potential of the services and products offered by Magic Square (like Magic Store) to move toward crypto adoption on a colossal scale.
Gate.io Labs also remarked on the respective move by expressing that they are excited about having Magic Square as their collaborator. The platform also expressed its wish to witness how the Web3 industry’s future will be shaped by Magic Square with its latest endeavours. In the words of Gate.io Labs, they are confident that their collaborator has a strategy to prioritize the consumers and with this, it will turn into a prestigious venue within the cryptocurrency world while operating with them to get to the analogous objective.
Magic Square foresees a space that provides a chance for everyone to be a participant of the Web3 sphere via MagicID to go through a holistic experience while having the entirety of the crypto applications in access. Consumers can shortly utilize the crypto applications in one place. In addition to this, Magic Square has some remarkable blockchain projects to offer. These projects are unique and would operate as affiliate marketing programs which would accelerate the consumer upsurge as well as the cost-effectiveness.
Magic Squares Heads toward Diminishing the Knowledge Gap Between Users and Developers
The objective of Magic Square is to narrow down the knowledge gap existing between the consumers and the developers, permitting everyone (whether they are seasoned expert customers or newcomers) to delve into the exciting apps which operate in the blockchain world (taking into account CeDeFi, NFTs, Games and so on). Gate.io – which was initiated in 2013 – is considered among the earliest, top crypto exchanges to offer services and products to nearly 10M customers across the globe.
Magic Square’s core product is the Magic Store. It is a multi-dimensional venue with integrations with DAO mechanisms to prioritize the applications, ranks, and community veterans. The end result of this would be that customers would be able to access the apps in a risk-free environment, while developers would be able to benefit from a ranking system that was both fair and transparent, allowing them to continue to improve their products. In the world of Web3, the MagicID of Magic Square is a solution for a multi-chain wallet that aims to become an alternative to the app stores run by Apple and Google.