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Home»ALTCOIN NEWS»Get Magic Labs UX Boost with Polygon’s (POL) Web3 Integration Plan
ALTCOIN NEWS

Get Magic Labs UX Boost with Polygon’s (POL) Web3 Integration Plan

By Crypto FlexsNovember 9, 20243 Mins Read
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Get Magic Labs UX Boost with Polygon’s (POL) Web3 Integration Plan
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  • Polygon’s (POL) AggLayer is set to improve UX.
  • Marc Boiron, CEO of Polygon (POL) Labs, is excited about Magic Labs’ efforts.
  • The latest development comes as AggLayer is expected to achieve a new milestone.

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

The project recently received support from Magic Labs, a pioneer in wallet abstraction, a move that promises to make cross-chain interactions simpler than ever.

Magic Labs unveils Newton

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

Described as “the first chain-integrated network,” Newton will have a number of features that will allow users to interact with applications on AggLayer without having to worry or know what chain they are on.

These features include chain abstract smart wallets, free wallets, gas subsidies, and cross-chain applications built on AggLayer’s integrated liquidity.

Commenting on Magic Labs’ Newton announcement, Polygon (POL) Labs CEO Marc Boiron said the network is the perfect companion to AggLayer’s 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 latest development comes as AggLayer is expected to achieve a new milestone.

Version 0.2

So far, Polygon (POL) Labs has decided to release AggLayer in stages. In February 2024, a shared bridge for the protocol supporting the CDK Chain was activated. Now, the team has revealed that protocol version 0.2, which will support all EVM chains, will be released in December 2024.

Directions to AggLayer’s mainnet:

A version of AggLayer that supports chaining all EVMs will be released in early December.

AggLayer v0.2 supports tools for integrating existing EVM chains using pessimistic proofs, a new ZK proof that guarantees safety.

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

The team noted that in addition to supporting all EVM chains, version 0.2 will also feature fungible token transfer support and lower costs. In its complete form, AggLayer facilitates near-instantaneous, atomic transactions across the chain.

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

On the flip side

  • Newton is currently only available to individuals. testnet.
  • There is no clear date for the release of Polygon’s AggLayer.

Why This Matters

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

To learn more about Polygon (POL), read:
Polygon (POL) shines as PolyMarket’s election volume highlights its strong infrastructure.

Learn more about Stacks’ plans after the Nakamoto upgrade.
Bitcoin L2 Stack Charts the Post-Nakamoto Era with New Core Team

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