Magic Labs, a wallet infrastructure provider backed by PayPal Ventures, has officially launched Magic Newton, an AI-powered agent platform designed to automate crypto transactions and simplify asset management. The Genesis launch, now live on Coinbase’s Layer-2 Base blockchain, aims to streamline complex financial operations while maintaining user control and transparency.
What is Newton? A Trust-Based Crypto Copilot
According to the official press release, Newton is positioned as the first “verifiable crypto copilot,” allowing users to delegate financial tasks to AI agents that operate autonomously on-chain. Unlike conventional automation tools, Newton ensures transparent execution through cryptographic verification and a comprehensive reputation management framework.
The launch introduces Magic Labs’ “black triangle moment,” an initiative inspired by PlayStation’s early graphics testing milestone. This serves as a functional demonstration of Newton’s capabilities, showcasing its integrated automation stack through simple yet impactful use cases, including automated dollar-cost averaging and staking optimization.
Sean Li, CEO of Magic Labs, emphasized the platform’s focus on security and transparency, stating:
“What we’ve learned from onboarding 50 million wallets is that removing friction is only valuable if you maintain trust. Newton enables users to express financial goals, while AI agents securely execute their instructions within verifiable boundaries.”
Automating Asset Management Across Multiple Blockchains
Magic Newton empowers users to automate complex financial operations across multiple chains, utilizing AI agents to handle staking, yield farming, and asset allocation. This streamlined command center approach allows users to issue simple commands, such as “Stake my tokens for the best yield,” and the AI agents autonomously execute the task while maintaining cryptographic proof of actions.
Additionally, the Newton Protocol serves as the platform’s trust infrastructure, merging preventative measures and post-execution verification to ensure agents follow the user’s exact instructions.
This includes three key components:
- Proactive Protection:
- Smart Accounts provide temporary session keys to AI agents, restricting their access before execution.
- Smart Accounts provide temporary session keys to AI agents, restricting their access before execution.
- Verification Layer:
- Actions are validated through Trusted Execution Environments (TEEs), ensuring compliance and accuracy.
- Actions are validated through Trusted Execution Environments (TEEs), ensuring compliance and accuracy.
- Reputation Framework:
- Agents earn or lose reputation points based on their performance, incentivizing consistent and trustworthy behavior.
- Agents earn or lose reputation points based on their performance, incentivizing consistent and trustworthy behavior.
Expanding to Advanced Financial Services
Building on its initial release, Magic Labs plans to extend Newton’s functionality, allowing ecosystem participants to create and monetize automation services. This initiative aims to cultivate a marketplace for agent-based financial tools, providing advanced asset management strategies for both retail and institutional users.
Magic Labs’ existing partnerships with platforms such as Polymarket, Wallet Connect, and Immutable are expected to further integrate Newton’s AI capabilities, enhancing its reach and utility across the decentralized finance sector.
With backing from PayPal, Placeholder, and KX, Magic Labs is positioning Newton as a critical infrastructure layer, reducing friction and enabling seamless financial management across multiple chains.
