The magic plant, also known as miracle plant or wonder plant, refers to a plant species that is believed to possess magical or supernatural properties. Throughout history, various plants have been associated with mystical or magical properties due to their unique characteristics or supposed abilities. One well-known magic plant is the mandrake, a perennial herbaceous plant native to the Mediterranean region. In folklore and mythology, the mandrake root was believed to have magical properties and was considered a powerful talisman. It was often associated with love and fertility, and its root was said to emit a scream when uprooted, which could cause death or insanity to those who heard it. Due to its perceived powers, the mandrake root was highly sought after and used in spells and potions.
Due to its perceived powers, the mandrake root was highly sought after and used in spells and potions. Another magic plant is the yarrow, a flowering perennial plant that is native to temperate regions of the Northern Hemisphere. In folklore, the yarrow was believed to have protective properties and was often used in love spells, divination, and to ward off evil spirits.
Magic Square raises $3M seed funding co-led by Binance Labs and Republic Capital
Magic Square is pleased to announce the firm successfully sealed the $3M seed round investments with an evaluation of $30M, led by Binance Labs and Republic Capital, and include other investors such as GSR, DAO Maker, KuCoin Labs, IQ Labs, Gravity Ventures, Alpha Grep, and angel investors.
“Magic Square is here to transform the current landscape of the crypto industry by providing an user-centric product along with a full spectrum of resources and support for developers. The initial investment would accelerate the growth of not just Magic Square, but the Web3 space as a whole,” said Andrey Nayman, CEO of Magic Square.
Magic Square is the world’s first Web3 solution that simplifies crypto, conceptualising the beauty of an App Store. Users can discover dApps, Games, CeDeFi, NFTs, and more in one place with an intuitive design.
The seed round of funding supports Magic Square’s growth strategy to scale up user acquisition significantly, and enhance product development and team expansion.
Mia Mai, Investment Director at Binance Labs, commented: "Binance Labs sees the potential in Magic Square, especially in its user-friendly designs and business model as a Web3 dApp store. We believe that the product suites that Magic Square supports, such as Magic ID, Magic Store, Magic Community, and Magic Affiliates can potentially be driving forces of Web3 ecosystem mass adoption and implementation."
“Republic Capital seeks to pursue the perfect meld between infrastructure technology robust enough to stand the test of time while also reaching a broad retail audience for mass adoption. We see Magic Square as an excellent place for the entire dApp industry to gain exposure, enhance discoverability, and absorb dApp users to create an industry-wide super-user base, with the ability to earn stable coins via engagement creates a dominant use-case for user incentives, rewards, and stickiness.” said Andrew Durgee, Managing Partner of Republic Capital
It was also believed to have healing properties and was used in traditional medicine to treat various ailments. The magic plant known as witch hazel is a shrub native to North America, known for its unique flowering pattern and medicinal properties. Witch hazel has long been associated with magic and folklore, with its branches believed to ward off evil spirits and its leaves and bark used in healing potions and spells. It is also commonly used in skincare products due to its astringent and soothing properties. Other magic plants include mugwort, believed to enhance psychic abilities and protect against evil spirits; lavender, associated with love and protection; and sage, used for purification and spiritual cleansing. While these magic plants have long been associated with mystical and supernatural properties, it is important to note that their powers are largely based on folklore and cultural beliefs rather than scientific evidence. Nonetheless, the magic plant remains an intriguing aspect of human history and is still valued in certain spiritual practices and alternative medicine..
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