Magic Labs, a wallet infrastructure provider, announced on Thursday that it has integrated with Polygon’s AggLayer to launch a dedicated network for chain unification called Newton.
Newton will enable wallet solutions to connect to the AggLayer, a Polygon-backed initiative that facilitates seamless movement of tokens across affiliated chains. Magic Labs claims that Newton is the first network specifically designed for wallet solutions and chain unification.
Currently in a private testnet phase, Newton is poised to facilitate liquidity sharing across multiple blockchains integrated with the AggLayer.
The AggLayer, a recent innovation by Polygon, aims to unify liquidity and address fragmentation across diverse blockchains. Even blockchains not utilizing Polygon’s technology can leverage the AggLayer to access other networks within Polygon’s ecosystem.
Since the introduction of the AggLayer by the Polygon team in January 2024, numerous projects, including Move developer Movement Labs and blockchain interoperability project Union Labs, have expressed intentions to integrate with the AggLayer. Magic Labs is now joining this trend.
“Chain unification is inevitable – similar to ACH or SWIFT for crypto,” said Sean Li, CEO of Magic Labs, in a press release shared with CoinDesk. “Developers can create user experiences that remove barriers. Users should only be concerned with transaction costs and speed, rather than the specific blockchain. Streamlining user experiences will unlock the full potential of use cases.”
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