TL;DR

• Magic Partners with KAP Games for Blockchain-Based Gaming: Magic announces a partnership with KAP Games, aiming to revolutionize gaming rewards with their upcoming game, Captain & Company. This venture seeks to transform gaming experiences into a journey of self-ownership and empowerment, leveraging blockchain technology on the Arbitrum platform.

• Revolutionizing In-Game Rewards: KAP Games introduces a new model where in-game achievements and loot have real-world value. This approach, using blockchain technology, allows players to truly own, trade, and sell their in-game assets, marking a significant shift from traditional gaming rewards.

• Magic's Role in Enhancing the Gaming Experience: Recognizing the need for a robust wallet solution, KAP Games chose Magic for its industry expertise and seamless user experience. Magic's Wallet-as-a-Service, compatible with the Arbitrum platform, is set to provide an intuitive and efficient onboarding experience for players in the Web3 gaming space.

Ahoy, landlubbers and seasoned sailors alike!

Today, Magic proudly announces its partnership with KAP Games, a daring crew setting sail to redefine the very essence of gaming with the upcoming release of Captain & Company.

https://twitter.com/capncompany/status/1724190151495000169

Just as the legendary Captain Francis Drake once charted uncharted waters, KAP Games is blazing a trail towards a new horizon, transforming the gaming experience from mere entertainment into a voyage of self-ownership and empowerment.

Let's face it, most games offer fleeting thrills and dopamine rushes, leaving players with a quickly fading sense of accomplishment. The dragon slain, the "Big Boss" vanquished, and then...what? The spoils of victory remain trapped within the digital confines of the game, offering little tangible reward for the hours invested.

But KAP Games is turning the tide.

Leveraging the power of blockchain technology on the Arbitrum platform, they're creating a revolutionary world where your in-game achievements have real-world value. The loot you plunder during your high-seas escapades isn't just pixels on a screen; it's yours to keep, trade, and even sell. This groundbreaking approach empowers you, the player, to truly own your gaming experience and reap the rewards of your hard-earned victories.

And this sea change is precisely why Magic is so bullish on the Web3 gaming space, a market projected to reach a staggering $65.7B by the year 2027. It's a space brimming with potential, and KAP Games is poised to become one of its most dominant forces.

As KAP embarked on this ambitious journey, they knew they needed a robust and intuitive wallet solution to ensure a smooth and seamless onboarding experience for their players.

After scouring the "Wallet-as-a-Service" high seas, they set their sights on Magic, recognizing our unparalleled industry expertise and seamless user experience.

Magic's industry-leading solution, already trusted by other innovative companies like Immutable, not only boasts the easiest onboarding process in the business, but also seamlessly integrates with the Arbitrum platform, making it the perfect partner for KAP's grand voyage.

We're thrilled to be charting this course alongside KAP Games, and we have no doubt they'll become a feared and respected force in the Web3 gaming space.

Prepare your cutlasses, sharpen your wits, and get ready to embark on a swashbuckling adventure like no other.

Here's how you can join the adventure:

• Set sail with KAP Games: Check out the preview of their upcoming game, Captain & Company, launching in late January 2024.

• Join their crew: Follow them on Twitter for updates and announcements.

• Sharpen your skills: Get ready for an epic adventure by honing your swashbuckling skills.

It's going to be a wild ride, so get your sea legs ready.

In the realm of Web3, skepticism often reigns supreme. Some see it as a gilded cage of hype, lacking true mainstream adoption. We at Magic respect the doubt, but we also witness a different story unfolding. Enter Forbes, the esteemed titan of finance and business, making a bold move that shatters preconceptions: Web3 is here, and it's here to stay.

With the launch of Connect Wallet, Forbes isn't merely dipping its toes into the Web3 waters; it's diving headfirst. This isn't just a fancy crypto storage solution; it's a passport to an exclusive club, a vibrant Web3 community where your contributions and voice hold genuine weight. Free access to premium content for connecting your wallet? That's Forbes saying, "We're serious about digital assets, and we want you, the reader, actively involved."

But the perks extend far beyond freebies. Connect Wallet members become Forbes' secret sauce. They'll shape the future of content, receive priority access to all things Web3 at Forbes, and even tap into expert advice and investment signals. This isn't just consuming content; it's co-creating it, a revolution in how traditional media interacts with its audience.

So why did Forbes choose Magic as its Web3 partner? After a meticulous search, they landed on us for two key reasons: frictionless onboarding and battle-tested reliability. We make connecting your wallet a breeze, no tech headaches here. And with over 25 million wallets generated for giants like Mattel, Macy's, Immutable, Magic Eden, and even 7-Eleven, you know we're built to weather any storm.

This isn't just a win for Magic; it's a validation of Web3's potential. When an institution like Forbes embraces it, the entire digital landscape takes notice. It demonstrates that Web3 isn't just for niche communities; it's for everyone who craves a more personalized, interactive, and rewarding online experience.

Ready to join the future? Head over to Forbes Digital Assets and connect your wallet to join their Web3 community. Experience the power of Web3 firsthand, as we at Magic proudly walk alongside the legendary Forbes on this journey. Buckle up – it's going to be a fascinating ride.

Remember, Web3 isn't just about fancy tech or digital trinkets. It's about building communities, empowering creators, and crafting a more rewarding online world for all. That's the magic we believe in, and we're excited to share it with Forbes and the world.

Today marks a monumental milestone for Magic as we announce that we have closed our strategic funding round with $52 million, amidst one of the most tumultuous macroeconomic environments. The round was led by PayPal Ventures, with participation from Cherubic, Synchrony, KX, Northzone, and Volt Capital. This investment brings our total raised capital to over $80 million, reinforcing Magic's position as an industry leading wallet-as-a-service (WaaS) provider.

Since launching in 2018, we have witnessed a steady increase in web3 use-cases among large enterprises across a wide variety of verticals. Global brands have realized the potential of blockchain beyond crypto and are utilizing it to engage with their customers and monetize the experience in new ways. Magic is working closely with Fortune 500 companies to bring their web3 use cases to everyday users.

Our mission is to give a wallet to every internet user. This will help realize the full potential of web3 and ignite new economic opportunities by enabling authentic digital ownership for everyone. With this new funding, we’re focused on expanding functionality and enabling new use cases to continue delivering more value to our customers. We also look forward to significantly growing our adoption within the EU and APAC.

At Magic, we are making web3 accessible to the mainstream audience as the WaaS provider for companies seeking secure and easy solutions to onboard their customers to web3, while abstracting away complex blockchain concepts and making the experience indistinguishable from web2. Our seamless and enterprise-grade WaaS solution simplifies web3 migration, enabling businesses to explore lucrative opportunities in customer loyalty programs, digital collectibles, employee recognition, ticketing, memberships, and more. Trusted by brands across various industries, including Mattel, Macy's, Xsolla, Immutable, and many others, Magic has set itself apart from other WaaS providers with our:

• Patented delegated key management system technology, which allows for unparalleled scalability and provides users with complete control over their assets

• Enterprise-ready features and SOC2 Type 2, CCPA, GDPR, HIPAA, ISO compliance

• End-to-end web3 onboarding features including authentication, fiat onramps, NFT Minting and NFT Checkout

In Alan Du, Partner at Paypal Ventures’ words, “Mass adoption of web3 is a hot topic, and Magic is facilitating this with a safe and simple solution. Magic’s wallet creation service allows companies to reach millions of users on their apps and onboard customers who are new to web3. We’re proud to be investing in Magic and believe the company will help drive the growing number of web3 use-cases amongst global brands.”

To date, Magic has created more than 20 million unique wallets and is used by over 130,000 developers. We are proud of the progress we have made in enabling web3 mass adoption by eliminating onboarding challenges, and this latest funding round provides us with additional resources to continue our mission. Magic is committed to delivering top-notch solutions that empower businesses and developers to harness the vast and novel use cases of web3. We are incredibly grateful for the opportunity to be the foundational infrastructure that powers the web3 revolution. As we continue to grow, we look forward to further partnerships, innovation, and expanding our global footprint.

To learn more about Magic’s end-to-end web3 onboarding services, visit our website or contact our team. For those who want to join our mission and help shape the future of web3, we invite you to apply to our open positions.

About Magic

Magic is a wallet-as-a-service provider that helps businesses onboard users into web3 with instant non-custodial wallet creation. It uses email or social logins, while removing the need for seed phrases and browser extensions - making it indistinguishable from standard web2 experiences that everyday users are accustomed to. Magic offers features for end-to-end web3 onboarding including authentication, fiat onramps, NFT Minting and NFT Checkout. Its solutions are trusted by top brands in web2 and web3, including Mattel, Macy’s, Xsolla, Immutable, and more. To date, Magic has created 20M+ wallets and is used by 130K+ developers.