On May 17, 2024, Magic Square, the web3 app store, announced that its fundraising subsidiary, Magic Launchpad, is live.
Magic Launchpad is a decentralized fundraising platform that supports early-stage web3 projects in building, growth and launch. It’s powered by Magic Square and the $SQR token.
On June 7, 2024, the launchpad scheduled IDOs of three promising projects such as AutoLayer, Storm Trade, and Fanton.
To start with, Magic Launchpad is a company affiliated with Magic Square, which is a comprehensive product for Web3 apps. They call themselves an App Store for Crypto. It sets new standards for user experience in the industry. Magis Square creates an environment where everyone can access and benefit from the power of Web3.
The Magic Store is the first DAO-based platform for Web3 apps. With Magic Store, the community of users and developers can control app quality and app listing to the Store, thereby, preventing inappropriate apps from being listed.
On the other hand, Magic Square helps developers to reach their target audience. The Magic Store is designed as a marketplace for Web3 Startups, establishing new apps for relevant audiences. It offers full support for app visibility and exposure, as well as special deals to attract even more users.
On May 17, 2024, Magic Square announced the launch of Magic Launchpad. This platform is tailored for incubation and IDO round hosting for promising crypto projects. Currently, these projects include:
To participate in IDOs, you need to follow several steps:
Also, you can apply to Magic Launchpad as a Web3 App. For approved projects, the platform offers integrity, transparency, equality, community impact, and strategic growth. Key value propositions of Magic Launchpad include:
The whole process is tailored to create a complete step-by-step development journey for a Web3 project: Application, Pre-screening, Preliminary Assessment, Due Diligence & Committee Decision, and Agreement. To apply, fill out the application form.
Fund | Score | Type | Project Support | Social Influence | Co-investments |
---|---|---|---|---|---|
TONcoin.Fund | N/A | Venture | N/A | N/A | 3 |
Yolo Investments | N/A | Venture | N/A | N/A | 3 |
Black Edge Capital | N/A | Venture | N/A | N/A | 2 |
The Open Platform (TOP) | N/A | Venture | N/A | N/A | 2 |