Ethereum ETH +3.88%and Magic Labs, a blockchain onboarding startup, announced Thursday that they are launching a new cross-chain network called Newton.

Magic Labs, the leading wallet infrastructure provider, and Polygon Labs, a software development company building the leading network of aggregated blockchains via the AggLayer, have announced a wallet solution and cross-chain smart wallet for the AggLayer through Newton, the first dedicated network for chain unification.Integrated with the AggLayer—a cross-chain settlement solution co-developed by Polygon Labs and its collaborators—Newton enables seamless state and liquidity sharing across multiple blockchains, like how HTML or HTTP introduced standards to create a seamless Internet experience. Magic Labs is known for its technically innovative wallet platform that leads the space in creating the best consumer-first crypto experiences with one-click email logins, including Polymarket, Immutable, Helium, WalletConnect, and many others.Building on the groundbreaking vision of Magic Labs, which invented wallet abstraction in 2018, Newton’s mission is to dismantle blockchain silos, unify liquidity across chains, and prioritize superior developer and user experiences. Built with Polygon CDK, Newton enables developers to build a unified experience across wallet types and chains. Newton gives developers chain-abstracted smart wallets, free tooling, access to global liquidity, and cross-chain launches from a single command line. In short, developers are empowered to “Build once. Be everywhere.”“Chain unification is inevitable—like ACH or SWIFT for crypto,” said Sean Li, co-founder and CEO, Magic Labs

Magic Labs and Polygon launch new cross-chain network Newton.