Crypto Needs a Real App Store, Here’s Why

date_range October 7, 2021
person Miriam
post-image
Since the App Store and Google Play launched in 2008, we live in a world run by apps. As of 2021, the average smartphone owner uses 10 apps per day and 30 apps per month.

From social media to messaging, gaming to productivity, news to entertainment, health to leisure, and everything in between. There is an app for almost every industry you can think of.

But it doesn’t stop there.

Thanks to the emergence of blockchain technology, an entirely new industry of apps is being developed for the cryptocurrency market. Cryptocurrency-based apps are not merely a trend – they’re here to stay. 

shapes

Let’s do a quick overview of the crypto market:

  • The crypto user base hit the 100 million mark in January 2021.
  • As of February 2021, there are nearly 70 million blockchain wallet users and over 80 different types of wallets.
  • As of August 2021, there are nearly 4,000 active cryptocurrency-based decentralized applications running across more than a dozen blockchain platforms, including Ethereum, Solana, BSC, and more. (This number does not account for all the centralized crypto apps in the market like Binance, Coinbase, and Kraken.)

So if there are so many crypto apps already on the market, where are they hosted? 

Where can people easily discover, manage, and access them? 

And, when it comes to developers, who is helping them develop, monetize, validate, deploy and market their crypto apps? 

Apple’s App Store and Google Play host a few of the most popular crypto apps, like Crypto.com, Coinbase, and Binance, but nothing less-known or truly decentralized.

A simple google search, “where to find crypto apps” reveals websites featuring the “top 10 crypto apps”, and “the best crypto apps of 2021”, but an exhaustive list of apps can’t be found this way.

So, how do people discover a wider scope of less-known apps?

Dapp.com is a resource to find crypto apps, but it’s not an app store to download and use apps. It’s just a list with links to the external app websites.

DappRadar is another resource to discover, track, and compare crypto apps, but again, there is no way to launch apps internally.

Furthermore, neither of these platforms uses a system of community validation to ensure that featured apps are secure. 

Is there a real app store for crypto?

Good news for app users and creators, there is finally a true app store for crypto:

The Magic Store

On the Magic Store users can discover community-vetted crypto apps. The store is highly searchable through a multitude of filters and categories, and users don’t even need to download apps they want to use.

Instead, users add apps to their Magic Spaces, a personalized dashboard to organize and launch apps. Users connect to all their apps via a single SSI secured login and then select apps to open within their Spaces.

This means that users no longer need to pop in and out of different tabs and logins to access their apps: all wallets and credentials now exist under the Magic Square umbrella. For added convenience, users can access Spaces across all of their devices.

The crypto app store that we have all been waiting for is finally here. Now let’s sit back and see how the Magic Store changes how we interact with crypto.

Final Thoughts

It’s clear that the advantages and potential of Magic Square are far-reaching. We are excited to share updates on the development of our exciting project right here on our blog. Our blog will also give you a window into the latest crypto news, crypto tips, tricks, and some foundational crypto knowledge. So, be sure to stay tuned, and join our community!