In Win for Polygon’s AggLayer, Magic Labs Unveils Chain Unification Network ‘Newton’

Magic Labs, one pockets infrastructure supplier, shared Thursday that it has built-in with Polygon’s AggLayer to offer a community devoted to chain unification, known as Newton.

Newton will allow pockets options to connect with the AggLayer, which is a Polygon-backed effort to attach affiliate chains and permit tokens to maneuver freely between them. Magic Labs claims that is the primary devoted community for pockets options and chain unification.

Newton, which remains to be in a personal testnet, ought to allow liquidity sharing throughout a number of blockchains linked to the AggLayer.

The AggLayer is one among Polygon’s newest improvements, aimed toward unifying liquidity and fragmentation throughout totally different blockchains. Blockchains not constructed with Polygon’s know-how even have the power to plug into the AggLayer to entry different networks in Polygon’s ecosystem.

For the reason that Polygon staff introduced the AggLayer in January 2024, a wide range of tasks have shared plans to combine with AggLayer, reminiscent of Transfer developer Motion Labs and blockchain interoperability challenge Union Labs. Now Magic Labs is following go well with.

“Chain unification is inevitable – like ACH or SWIFT for crypto,” mentioned Sean Li, CEO of Magic Labs, in a press launch shared with CoinDesk. “Builders can construct consumer experiences that break down limitations. Customers ought to solely fear about transaction charges and pace, not the chain. Eradicating UX limitations will unlock the very best use instances.”

Learn extra: Crypto Pockets firm Dfns says ‘Magic Hyperlinks’ have a vital vulnerability