Web3 App Store Magic Square Unveils $66M Grant Program
Summary
Web3 app store Magic Square is allocating $66 million in its native SQR token for grants to projects on its platform. The Ecosystem Grant Program comprises 120 million SQR, or 12% of the token's total supply. The grants aim to fund the initial marketing costs of selected apps and games to enhance their visibility and reach their target audience. SQR tokens are currently valued at $0.55, with a total market cap of approximately $550 million. Magic Square, supported by Binance Labs and Crypto.com Capital, hosts over 1,100 apps and games and has more than 3.6 million unique wallets.
