Magic Labs and Polygon Labs have announced a cross-chain smart wallet aimed at solving the problem of liquidity fragmentation in the blockchain space. According to the announcement on November 7, the companies have launched the Newton testnet. The solution promises to enable liquidity sharing across multiple blockchains, much like HTML or HTTP standardizes the internet experience.

Newton is built with the Polygon CDK and plans to offer smart wallets with chain abstraction, free tools, access to global liquidity, and cross-chain launches from a single command line.

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