Web3 app store Magic Square launches $66 million funding program

Web3 app store Magic Square is using $66 million worth of native SQR tokens to fund projects listed on its platform. According to their announcement, the ecosystem funding plan includes 120 million SQR tokens, equivalent to 12% of the total token supply. These grants will help fund initial marketing costs for selected applications and games, helping them increase their visibility on the platform and connect with their target audience.