Roseon Ventures is proud to announce our first investment in Magic Square, a project backed by Binance Labs.
What is Roseon Ventures?
A former Managing Partner of Lavender Capital, Roseon has decided to further extend its brand with Roseon Ventures. Our goal is to incubate and help early-stage GameFi and Metaverse start-ups with investment, advisory and community building.
What is Magic Square?
Magic Square (backed by Binance), simplifies crypto by offering a decentralized solution. With a simple and user-friendly design, users can explore dApps, CeFi and DeFi, NFTs, Games, and much more in one place.
The Magic Store is a Web3 solution in which the community vets, ranks, and prioritizes apps using a DAO system, with clear earning criteria and SQR token rewards to encourage validators, producers, and users to participate. Using the MagicID, users can access all community-vetted content with a single click (Decentralized ID). This multi-chain wallet solution aspires to be the Web3 equivalent of Google or Apple connect.
How do we plan to help and scale Magic Square?
As an incubator and a Launchpad, Roseon aims to bring many qualified web 3 projects to Magic Square and the Magic Store.
In addition, the Magic Affiliates referral program provides budding projects with the opportunity to get momentum from the store and network of partners. Project owners will only be charged when visitors convert based on the specified criteria.
Initially, we are planning to assist them in their marketing operations:
- Assist them in reaching our +150,000 member community.
- Assist them in gaining access to our network of over 100 key opinion leaders (KOLs).
- Assist them in spreading their brand identity,
- Build an engaging community and relationship formation.
- Scope of Integration with Roseon in the coming future
Why did we invest?
According to our CEO Allan Ta “There are just way too many bad and scammy dapps out there, and having a community vetted app store is a smart way to clean up the industry and keep us safe.”
We see massive potential in Magic Square, especially the user-friendly interface and a solid business model in the form of a Web3 Dapp Store. Also, the wide product range of Magic Square, such as the Magic ID, Magic Store, and Magic Affiliates, can potentially be driving forces of Web3 ecosystem mass adoption and implementation.” Magic Square is the first app store for the crypto economy, bringing together the complete power of blockchain technology in one place to offer a seamless experience with community-vetted apps. The first phase of our Beta Launch had an overwhelmingly favorable response, demonstrating that it was well received by the community.
As they move forward with future innovations, we will continue to strengthen this component of our platform. Phase II Early Access registration is now open.
What’s the Future of Roseon & Magic Square?
Given the use cases and Binance’s backing, it is pretty easy to understand that the prominent industry leaders definitely see a massive upside in the project, and being an active, meaningful project in the Crypto space, we wanted to take no bets by missing this gigantic opportunity.
We will look forward to making integrations with the project in the future and offering the Roseon community an unmatched experience.
Roseon is your one-stop crypto lifestyle app with LaunchPad, DeFi and Play-To-Earn Games. A few days back, we got selected as one of the Top 10 stars in BNB Chain Web3 Stars Accelerator Vietnam.
Roseon is the entire ecosystem covering Roseon’s developments in simplifying our users’ crypto journey. Our one-stop solution to all crypto needs is accessible via mobile or web, and soon, with our very own metaverse. Our intuitive but user-friendly UI eases the adoption of newcomers to our ecosystem.
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It’s time to get involved!
RoseonX Beta Public Testnet is around the corner, and we’re thrilled to launch PnL Trading Competition with a prize pool of up to $4,000 in ROSX
July was a month filled with progress, exciting developments, and strategic planning, all aimed at ensuring a successful official beta launch.