TL;DR
- Magic Labs and Polygon launch Newton, a cross-chain network to facilitate the use of dApps across multiple blockchains without the need to manage multiple wallets.
- Newton aims to solve the fragmentation of the crypto ecosystem and make interaction with decentralized applications as easy as browsing the web.
- The platform integrates the chain-agnostic Passport wallet, providing a unified experience for users across various Ethereum-compatible networks.
Magic Labs and Polygon have announced the launch of Newton, a new cross-chain network designed to facilitate the use of decentralized applications (dApps) across multiple blockchains.
The goal is to address one of the biggest challenges in the cryptocurrency ecosystem: the fragmentation of the user experience. This initiative aims to make interaction with dApps as simple as browsing the web, eliminating the technological barriers that today force users to manage multiple wallets and chains.
https://twitter.com/magic_labs/status/1854525499441041595
Simplifying Blockchain
Newton will leverage Polygon’s infrastructure, specifically its decentralized AggLayer network and Chain Development Kit, to allow developers to create applications that can operate across various blockchains without users having to worry about which chain each dApp is using.
Sean Li, CEO of Magic Labs, stated that the goal is to simplify the user experience, allowing users to only worry about aspects such as transaction costs and speed, without needing to understand the complexities of different blockchain networks.
The concept behind Newton focuses on what Magic Labs calls “chain unification,” an effort to create a standardized interoperability between blockchain networks, much like traditional payment systems such as ACH or SWIFT standardize money transfers. This approach has the potential to overcome “blockchain silos,” a problem that has fragmented liquidity and complicated the overall experience for cryptocurrency users.
Magic Labs to Integrate Newton into its Passport Wallet
In addition to the technical infrastructure, Magic Labs will integrate its self-custodial, chain-agnostic wallet, Passport, into Newton. This wallet will allow users to interact with any Ethereum-compatible network, presenting a unified interface that simulates a single balance across all platforms, regardless of the underlying blockchain.
Magic Labs, which has already raised more than $82 million in funding from investors such as PayPal and Lightspeed, also aims to facilitate the adoption of its technologies. With over 35 million users, the startup has proven its ability to attract a large user base, and its technology is already being used by applications like Polymarket and Helium.
This new launch could mark a significant step toward creating a smoother and more accessible blockchain ecosystem, where barriers between different chains disappear