Magic Labs, the embedded wallet provider for Polymarket and Naver, has announced its integration with Newton Protocol (NEWT), taking a significant step forward in onchain compatibility. According to the statement, Magic Labs will integrate the Newton SDK into its ecosystem of over 200,000 developers and 50 million wallets, bringing programmable compatibility directly to the transaction layer. According to the press release, this integration represents the largest-scale programmable compliance infrastructure deployment yet. Developers will now be able to build features like verifiable policy enforcement and automated risk management into their applications. Jaemin Jin, co-founder and president of Magic Labs, summarized the core goal of the integration: “Magic secures the account. Newton Protocol secures the transaction. By integrating Newton’s programmable policy layer into wallets, we are extending a compliance-ready framework from onboarding to the transaction level.” Related News: BREAKING: Coinbase Makes Another Surprise Altcoin Listing Move Mohammad Akhavannik, executive director of the Magic Newton Foundation, touched on the scale impact of integration: “By bringing Newton Protocol to Magic developers, we are making compatibility a native part of on-chain development for hundreds of thousands of application developers.” Despite the development, a negative reaction was seen in the NEWT price. Chart showing the decline in the price of NEWT following the development. *This is not investment advice. Continue Reading: Binance-Listed Altcoin Experiences Sudden Drop Following Positive News
