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We have anticipated significant news for days, and it is arriving now. The impressive rise in Bitcoin 
$103,745 prices signals altcoin teams that “the right time for announcements has come.” We will continue to see similar major news in the coming hours and days.
Polygon News
According to a recent announcement, Polygon and Magic Labs have established a new cross-chain network. Cross-chain networks facilitate transactions across different blockchains and will play a crucial role in a multi-chain world. With their joint product, the Newton network, decentralized applications (protocols) will become as easy for users to navigate as browsing the internet.
Bridge Functionality and Developer Experience
We recently learned about the embedded bridge functionality announced by Uniswap, which operates in the background. This indicates that we can expect more major steps in this area. Supported by giants like PayPal, Placeholder, and Lightspeed, Magic Labs has raised nearly $82.9 million in investments.
Sean Li, the co-founder and CEO of Magic Labs, stated;
“Developers can now create user experiences that eliminate barriers. Users should care only about transaction costs and speed, not which network they are on.”
The new network leverages Polygon’s decentralized AggLayer and Chain Development Kit, facilitating blockchain use and attracting more users to applications.
