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Magic Square Continues Ascension with TruePNL Acquisition
Following its successful SQR token launch earlier this year on DAOMaker, a move that attracted over 21,000 KYC registered participants, Magic Square, a Binance-backed Web3.0 store, has bought TruePNL, a token launch platform, for an undisclosed sum. This move sets the stage for the launch of a new launchpad later in Q1, promising exciting developments for both Magic Square and TruePNL communities.
TruePNL’s Acquisition Details and Implications
Andrey Nayman, the founder, and CEO of Magic Square, disclosed that the acquisition was solely financed with cash. As part of the deal, Magic Square has gained control over TruePNL’s entire front and backend infrastructure, except for the brand name, domain, social media accounts, and the TruePNL (PNL) token.
Initially conceived as discussions for a white-label solution, talks between Magic Square and TruePNL swiftly expanded into a full-fledged acquisition. Na
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