PARSIQ Partners with Magic Square

Tsunami API on-chain data to Power standout dApp Discovery Platform

PARSIQ

Published in

PARSIQ

4 min readFeb 27, 2023

PARSIQ is excited to announce our partnership with Magic Square!

Magic Square

Magic Square is an exciting advancement in the realm of crypto app stores. You can think of it as the Google Play or App Store for Web3!

As many of our readers have likely experienced, Web3 app stores can often be difficult to navigate, have clunky interfaces, or other obstacles making it difficult to find trustworthy resources. Magic Square offers a major step forward by providing an innovative one-stop-shop for discovering community-vetted decentralized applications and games from the world of Web3.

Being dedicated to both high-quality content as well as the security of their users, their aim is to elevate the standard of what is expected of a Web3 app store. For users, this means a simplified process of discovering and accessing various types of apps, including dApps, CeFi, DeFi, NFTs, and games, all in one location with a user-friendly interface. And for crypto app developers, Magic Square provides an incredible opportunity to market their platforms like never before.

Their platform is also community driven: their DAO allows users — customers and developers alike — to provide helpful and accurate evaluation, vetting, and ranking mechanisms. In addition, by opening an account in the Magic Store, users can access a wide range of opportunities, including lucrative use-to-earn schemes, promotions, giveaways, and contests. Here, every activity within the store is rewarded, making it an excellent platform for those looking to engage with the Web3 community and earn rewards while doing so. At the end of the day, all of this means prioritizing the interests of users!

PARSIQ + Magic Square

PARSIQ is proud to say that we will be serving as Magic Square’s source of on-chain data! Requiring not just a large amount of data, but also the fastest and easiest access to that data, PARSIQ is a perfect fit for Magic Square, a platform requiring not just a large amount of data, but also the fastest and easiest access to that data. Our data solutions — for example, our Tsunami API and Data Lakes — provide just that!

A major aim of Magic Square is to make their user experience as simple and frictionless as possible. This integration will enable Magic Square to provide the most accurate and reliable data to users of the Magic Store, making it easier for them to discover new decentralized applications and games.

By integrating PARSIQ’s suite of data and monitoring technology, Magic Square will be able to access real-time data from multiple blockchain networks, allowing them to keep all of their users up to date; it will also allow Magic Square to automate various processes, such as monitoring transactions, tracking asset movements, and providing notifications to users in real-time.

With Parsiq as its on-chain data source, Magic Square will enhance the user experience of the Magic Store, making it a more efficient and reliable platform for discovering and accessing decentralized apps and games.

We look forward to our future with Magic Square!

About Magic Square

Magic Square is a discovery and engagement platform that connects users to the Web3 crypto and blockchain ecosystem. The Magic Store, our Web3 app store, features community-vetted apps and games, along with the latest news and updates, rewards, giveaways, and promotions from each app. As users engage with the apps and games in the Magic Store, they are rewarded with Karma Points, which can be converted to our utility token, $SQR. In addition to providing users with a fun and engaging platform to explore the world of Web3, Magic Square also helps app developers scale their user base and grow their projects more efficiently.

Magic Square has the backing of industry leaders such as Binance, Republic, Crypto.com, DAO Maker, Huobi, Gate.io, GSR, and IQ Protocol, among others.

About PARSIQ

PARSIQ is a full-suite data network for building the backend of all Web3 dApps & protocols. The Tsunami API provides blockchain protocols and their clients (e.g. protocol-oriented dApps) with real-time and historical data querying abilities. ‘Data Lake’ APIs allow complex data querying & filtering for any project; specifically designed and tailored for our customers’ blockchain data needs.

Supported chains: Ethereum, Polygon, BNB Chain, Avalanche & Arbitrum + more to come