Magic Square launches a $66 million ecosystem grant program

ChainCatcher news, according to CoinDesk, the Web3 app store Magic Square is using $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, which is 12% of the total token supply. These grants will help fund the initial marketing costs of selected applications and games to assist them in increasing their visibility on the platform and connecting with their target audience.