What is Magic Newton (NEWT)? The "darling" of the giant Magic Labs

In the increasingly developing Web3 context, optimizing user experience and automating complex tasks are becoming top priorities. Magic Newton – a new project from the veteran Magic Labs team – was born to realize that vision: transforming complex blockchain operations into simple, automatic, and transparent actions. What makes the project special? Let's explore with Allinstation through the article below!

Special Features of Magic Newton

Magic Newton is not just an ordinary Web3 automation project, but a unique combination of AI Agent, multi-chain user experience, and cryptological security. Here are the highlights that make the project different.

• Verifiable Automation: Unlike "black box" AI systems, Magic Newton ensures that all actions are exactly as you request and verifiable, creating a transparent and reliable automation experience that very few current AI platforms can achieve.
• "One Wallet - One Balance - One Chain" Experience: Magic Newton solves the problem of "multi-chain experience fragmentation" by combining Magic WaaS and Newton Liquidity Layer, allowing users to use only one wallet, one unified balance, without needing to switch chains or perform complicated bridge operations
• Multi-Chain Interaction via Polygon CDK & AggLayer: Through the decentralized Polygon CDK and AggLayer, everything is encapsulated in a single user interface without leaving the app or switching wallets.
• AI Agent without Wallet, without Mnemonic: Users can initialize an Agent with just an email, without installing a wallet like MetaMask, thanks to the wallet technology without recovery phrases (a specialty of Magic Labs)

Information about NEWT Token and Tokenomics

Currently, no official tokenomics have been announced, however, the project has confirmed that 0.75% of the total $NEWT supply will be distributed for Kaito rewards.

• Completing tasks (quests) on the app
• Accumulating credit
• Participating in community activities on Discord, Guild.xyz
• Users with special Discord roles like Seeker of Truth, Early Explorer, or who have actively created and run Agents early on are likely to be prioritized in this token distribution.

In the future, $NEWT is expected to play important roles in the Magic Newton ecosystem, including:

• Agent Usage Fee Payment: Users can use $NEWT to initialize, maintain, or upgrade automated tasks through the Agent.
• Protocol Governance: $NEWT can be used to vote on proposals related to Agent operations, new chain integrations, system configurations, etc.
• Rewards & Incentive Integration: $NEWT will be distributed as rewards for active users participating in quests, using the app, and contributing to the community.
• Staking and Usage Benefits: In the future, $NEWT staking may be applied to receive fee discounts, increase Agent activity limits, or receive airdrops from integrated Newton projects.

Development Roadmap

Phase 1: Basic Platform Deployment (Q1-Q2/2025)

• Release of the first beta version of Newton Protocol and AI Agent
• Activate Credit System and Agent Dashboard
• Launch community campaign: open Discord, Guild.xyz, assign roles like Seeker of Truth
• Organize quest series, minigames (Minesweeper) to encourage users to accumulate credit and experience the product

Phase 2: Product Expansion & User Interaction (Q3/2025)

• Develop more new task types for Agent: periodic investment, conditional swap, automatic liquidity management, etc.
• Update Dashboard interface, allowing deeper Agent customization
• Launch agent marketplace (planned): where users can share or use sample Agent configurations
• Enhance multi-chain integration: expand to EVM networks like Optimism, Arbitrum, zkSync, etc.
• Optimize ZK Proof and TEE systems to shorten task processing time

Phase 3: $NEWT Token Release and Incentive System Deployment (Q4/2025)

• Announce detailed $NEWT tokenomics
• Integrate features to use $NEWT for Agent fee payment, staking, governance
• Unlock some benefits for early users & top contributors

Phase 4: Comprehensive Expansion (2026 and beyond)

• Deploy dedicated Newton AppChain based on Polygon CDK
• Develop partner ecosystem (dApp, DeFi protocols, wallets integrated with Newton Agent)
• Aim to become Web3 AI middleware layer: allowing all AI (including third-party) to use Newton to interact with blockchain
• Build developer community and launch Agent SDK integration grant program

Development Team and Investors

Development Team

Magic Newton is developed by Magic Labs, a veteran Web3 company famous for mnemonic-free wallet solutions that have served over 50 million users since 2018. Magic Labs is led by an experienced team in blockchain, security, and user experience (UX). Notably:

• Sean Li – Founder & CEO: One of the pioneers in bringing Web3 wallet experience closer to Web2 standards. He is the one who introduced the vision of "unified multi-chain experience" and "wallet for both humans and AI".
• Ben Yu – CTO: Expert in security, smart contracts, and new technologies like ZKP and Trusted Execution Environments (TEEs).

Investors

Magic Labs (the entity behind Magic Newton) has successfully raised over $83 million through multiple funding rounds from top investment funds in finance and Web3, including: PayPal Ventures, Volt Capital, Northzone Digital, Currency Group (DCG), Placeholder, etc.

In addition to institutional investment funds, the project is also backed by influential individuals in technology and crypto such as:

• Naval Ravikant – Founder of AngelList, one of the most influential investors
• Balaji Srinivasan – Former CTO of Coinbase, with deep insights into the combination of AI, crypto, and decentralized society

Read more: Who is Balaji Srinivasan? The angel investor with the most influence in the Web3 world

Summary

With an experienced founding team, support from reputable investment funds, and close connections with top blockchain platforms, Magic Newton has a solid foundation to expand and lead the wave of Web3 automation combined with AI Agent.