Magic Labs, one 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 enable wallet solutions to connect to the AggLayer, which is a Polygon-backed effort to connect affiliate chains and allow tokens to move freely between them. Magic Labs claims this is the first dedicated network for wallet solutions and chain unification.
Newton, which is still in a private testnet, should enable liquidity sharing across multiple blockchains connected to the AggLayer.
The AggLayer is one of Polygon’s latest innovations, aimed at unifying liquidity and fragmentation across different blockchains. Blockchains not built with Polygon’s technology also have the ability to plug into the AggLayer to access other networks in Polygon’s ecosystem.
Since the Polygon team announced the AggLayer in January 2024, a variety of projects have shared plans to integrate with AggLayer, such as 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 break down barriers. Users should only worry about transaction fees and speed, not the chain. Removing UX barriers will unlock the best use cases.”
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Credit : cryptonews.net
