Introducing the Chain Unification Network: Magic Labs and Polygon Labs Launch Newton for Seamless Cross-Chain Wallet and Liquidity Experience

Magic Labs and Polygon Labs have announced a partnership to launch Newton, which aims to address the problem of liquidity fragmentation across Ethereum-compatible networks. Newton is a ‘chain unification network’ that features a single wallet and balance, allowing users to manage digital assets across different blockchains with ‘simplified’ cross-chain swaps.

The new network is designed to break down blockchain silos and consolidate liquidity, which has become increasingly fragmented due to the growing development of layer-2 and rollup solutions in the Ethereum world. The project is integrated with Polygon’s AggLayer, which aggregates zero-knowledge proofs across connected chains to enable near-instant cross-chain transactions.

Source

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *