Magic Labs Launches AI-Powered Cross-Chain Crypto Wallet Newton on Coinbase Base
Magic Labs, supported by PayPal Ventures, has introduced the Newton platform, an AI-powered, verifiable cross-chain smart wallet and crypto agent. Initially developed for liquidity sharing across blockchains and seamless smart wallet management, Newton has now launched its Genesis version on Coinbase’s Base blockchain. The platform leverages cryptographic verification, trusted execution environments, and a reputation management system to automate and secure crypto asset management tasks across multiple chains while maintaining user control and transparency. Key features include AI-driven automation such as dollar-cost averaging, cross-chain staking, and a simple command interface that does not expose private keys. With over 50 million embedded wallets and collaborations with major partners like Polymarket, WalletConnect, Immutable, Helium, Forbes, and Naver, Magic Labs aims to streamline DeFi operations and enhance user experience through efficient AI-agent-driven strategies. This advancement signals stronger integration between AI technology and decentralized finance, with potential to boost user adoption and liquidity in the crypto market. The launch positions Newton as a leading platform for advanced, secure, and user-friendly on-chain asset management.
Bullish
The launch of Magic Newton, an AI-powered, cross-chain crypto wallet and agent platform, introduces significant innovations to the DeFi and wallet infrastructure sectors. By offering automated asset management, cryptographic verification, and enhanced cross-chain liquidity, Magic Labs is addressing key pain points like liquidity fragmentation and manual management inefficiencies. The backing from notable investors and integration with platforms like Coinbase’s Base, alongside partnerships with major DeFi and tech entities, signals strong market confidence and potential user growth. Historically, such advancements in automation and usability tend to spur increased adoption, user deposits, and trading activity on the native and underlying blockchains—especially when security and UX are core focuses. The ability to securely automate complex strategies like cross-chain staking and dollar-cost averaging without key exposure also reduces barriers for both retail and institutional users. Short term, this can translate to increased trading and capital flows on supported chains. Long-term, the merging of AI and on-chain trust frameworks could set a new industry standard, further accelerating the growth of DeFi and related ecosystem tokens.