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Wallet infrastructure provider Magic Labs in collaboration with Polygon Labs has unveiled the private testnet for Newton, a chain unification network integrated with the Polygon’s AggLayer. 
According to a press release shared with crypto.news, Newton aims to dismantle blockchain silos and enable state and liquidity sharing across multiple blockchains. 
Launched in February 2024, the <a href="https://crypto.news/iotex-and-polygon-labs-announce-iotex-2-0-integration-with-agglayer/" rel="noopener noreferrer nofollow">AggLayer</a>, developed by Polygon Labs, is an infrastructure layer connecting multiple blockchains to share state and liquidity. For instance, Movement Labs brought MoveVM-based Layer 2 chains onto the AggLayer to <a href="https://crypto.news/movement-labs-integrates-with-polygons-agglayer-launches-testnet/" rel="noopener noreferrer nofollow">unify liquidity and user bases</a> across aggregated chains. 
Newton, <a href="https://crypto.news/iotex-and-polygon-labs-announce-iotex-2-0-integration-with-agglayer/" rel="noopener noreferrer nofollow">integrated with Polygon’s AggLayer</a>, will offer a cross-chain wallet solution, that allows users to access global liquidity and execute transactions seamlessly without having to handle multiple wallets or go through complex processes. 
Built with the <a href="https://crypto.news/celestia-collaborates-with-polygon-cdk-for-data-availability-layer-integration/" rel="noopener noreferrer nofollow">Polygon Chain Development Kit</a>, Newton’s private testnet enables developers to test smart wallet functions across multiple blockchains. This environment will provide access to chain-agnostic tools, allowing developers to build and deploy cross-chain applications without being tied to any specific blockchain. 
 You might also like: <a href="https://crypto.news/iotex-and-polygon-labs-announce-iotex-2-0-integration-with-agglayer/" rel="noopener noreferrer nofollow"> IoTeX and Polygon Labs announce IoTeX 2.0 integration with AggLayer </a> 
Additionally, developers can leverage these smart wallets and free development tools, to streamline the creation and deployment of interoperable applications.  
Alongside Newton, Magic Labs has also unveiled a smart wallet called “Passport,” which Newton will feature as its primary wallet solution.  
Based on Newton’s chain unification network, Passport seeks to offer users a single wallet experience across multiple blockchains, enabling them to maintain “one wallet, one network, and one balance,” according to Jaemin Jin, co-founder and chief product officer at Magic Labs. 
Passport will support all EVM-compatible AggLayer Chain, the announcement added.  
Magic Lab’s partnership with Polygon Labs follows a $52 million <a href="https://magic.link/posts/strategic-funding#:~:text&#61;Today%20marks%20a%20monumental%20milestone,%2C%20Northzone%2C%20and%20Volt%20Capital." rel="noopener noreferrer nofollow">funding round</a> completed in May 2023, where the project saw backing from prominent VC institutions like PayPal Ventures, Cherubic, Synchrony, KX, Northzone, and Volt Capital. 
 Read more: <a href="https://crypto.news/polygon-labs-acquires-zk-builder-toposware-for-unified-web3/" rel="noopener noreferrer nofollow"> Polygon Labs acquires ZK builder Toposware for unified web3 </a>

Magic and Polygon Labs launch Newton testnet on AggLayer to unify wallets and liquidity

crypto.news

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