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Polygon’s (POL) Web3 Unification Plans Get Magic Labs UX Boost

Polygon’s (POL) Web3 Unification Plans Get Magic Labs UX Boost

DailycoinDailycoin2024/11/09 13:22
By:Dailycoin
  • Polygon’s (POL) AggLayer is set to get a UX boost.
  • Polygon (POL) Labs CEO Marc Boiron is excited about Magic Labs’ efforts.
  • The recent development comes as the AggLayer looks set to achieve a new milestone.

Polygon’s (POL) push to connect all of Web3 is gaining momentum and showing no signs of slowing. Over the past few months, the AggLayer , the ZK-powered interoperability solution backed by Polygon (POL), has received support from all kinds of chains and infrastructure providers, including MoveVM .

In the latest instance, the project has received support from wallet abstraction pioneer Magic Labs, a move that promises to make cross-chain interactions simpler than ever.

Magic Labs Unveils Newton

Polygon’s (POL) AggLayer is set to get a UX boost. On Thursday, November 7, Magic Labs unveiled Newton, a chain built with Polygon’s Chain Development Kit (CDK) , which is focused on simplifying the experience of using chains connected to the AggLayer.

Sponsored

Described as “the first chain unification network,” Newton will have several features that allow users to interact with applications on the AggLayer without worrying about or even needing to know which chain they are on.

Build once. Be everywhere.

Welcome to Newton. pic.twitter.com/xY75oISJwO

— Newton (@MagicNewton) November 7, 2024

These features include chain-abstracted smart wallets, free wallets, gas subsidies, and cross-chain applications built around AggLayer’s unified liquidity.

Commenting on Magic Labs’ Newton announcement , Polygon (POL) Labs CEO Marc Boiron tipped the network as the perfect companion for AggLayer to fulfill its mission.

"As we are contributing to building out the AggLayer at Polygon, we know the underlying infra needs to be solid. But the part that really matters is crushing the UX, and a team like Magic is key to bringing this to life with Newton," he wrote.

The recent development comes as the AggLayer looks set to achieve a new milestone.

Version 0.2

So far, Polygon (POL) Labs has chosen to roll out the AggLayer in phases. In February 2024, the protocol’s shared bridge to support CDK chains went live . Now, the team has revealed that version 0.2 of the protocol, which will support all EVM chains , will go live in December 2024.

AggLayer’s road to mainnet: 

the version of the AggLayer that supports connecting to any EVM chain will be live in early December

AggLayer v0.2 supports the tooling for integrating existing EVM chains using the pessimistic proof, a novel ZK proof that ensures safety & is…

— Polygon (※,※) (@0xPolygon) November 7, 2024

Beyond supporting all EVM chains, the team noted that version 0.2 will also come with fungible token transfer support and low cost. In its finished form, the AggLayer will facilitate near-instant and atomic transactions across chains.

The AggLayer is at the core of Polygon’s 2.0 architecture, which plans to infinitely scale Ethereum by horizontally connecting as many chains as possible atop the Layer 1 chain. Other components include a planned staking layer and Polygon’s revamped POL token .

On the Flipside 

  • Newton is currently only available in a private testnet .
  • There is no clear date for Polygon’s AggLayer launch.

Why This Matters

Magic Labs’ AggLayer integration promises to strengthen Polygon’s efforts to connect all of Web3 significantly.

Read this for more on Polygon (POL):
Polygon (POL) Shines as Polymarket’s Election Volumes Highlight Robust Infra

Learn more about Stacks’ plans following the Nakamoto upgrade:
Bitcoin L2 Stacks to Chart Post-Nakamoto Era with New Core Team

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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