TechFlow news, according to CoinDesk, Web3 app store Magic Square is allocating $66 million worth of its native SQR tokens to fund projects listed on its platform.
According to its announcement, the ecosystem grant program includes 120 million SQR tokens (12% of total supply).
These grants will help cover initial marketing costs for selected apps and games, assisting them in increasing visibility on the platform and connecting with their target audiences.
Previous report, cryptocurrency app store Magic Square raised $4 million in funding at a $75 million valuation, with participation from Crypto.com.
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