Magic Labs, a wallet infrastructure provider, shared Thursday that it has integrated with Polygon’s AggLayer to provide a network dedicated to chain unification, called Newton.
Newton will allow for wallet solutions to plug into the AggLayer, which is a Polygon-backed effort to connect affiliated chains and allow tokens to freely move between them. Magic Labs claims its the first dedicated network for wallet solutions and chain unification.
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Newton, which is still in a private testnet, is supposed to enable liquidity sharing across multiple blockchains plugged into the AggLayer.
The AggLayer is one of Polygon’s latest innovations, aimed at unifying liquidity and fragmentation across various blockchains. Blockchains that are not built with Polygon’s technology also have the option to plug into the AggLayer to gain access to other networks in Polygon’s ecosystem.
Since the Polygon team announced the AggLayer in January 2024, all sorts of projects have shared plans to integrate with AggLayer, like Move developer Movement Labs and blockchain interoperability project Union Labs. Now Magic Labs is following suit.
“Chain unification is inevitable — like ACH or SWIFT for crypto,” said Sean Li, CEO of Magic Labs, in a press release shared with CoinDesk. “Developers can build user experiences that eliminate barriers. Users should only care about transaction cost and speed, not the chain. Eliminating UX barriers will unlock the best use cases.”
Edited by Bradley Keoun.
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Margaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a small amount of ETH and other altcoins.
