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Magic and Etherlink Unite to Elevate Web3 Development

source-logo  blockster.com 28 May 2024 14:12, UTC

New York – Magic, the wallet-as-a-service provider, has partnered with Etherlink, an innovative EVM-compatible Tezos Layer 2 solution. This integration promises to revolutionize decentralized application (dApp) development by combining Etherlink’s speed and cost-efficiency with Magic’s user-friendly wallet SDK.

This collaboration addresses key challenges in the blockchain industry by offering reduced transaction costs, faster speeds, and efficient resource utilization, all while maintaining decentralization and censorship resistance. Etherlink’s integration with Tezos as an "enshrined" rollup enhances its security and infrastructure, ensuring robust support for developers and dApps transitioning from the EVM space.

Key Features of Etherlink

Sub-Second Block Times: Quick transactions enhance user experience.
Low Transaction Costs: Costs as low as $0.001 make transactions more accessible.
Enhanced Security: Integration with Tezos' layer 1 as an "enshrined" rollup eliminates common smart contract risks.
First-Class Infrastructure: As a first-class citizen on the Tezos mainnet, Etherlink provides a solid foundation for dApp development.

Siddharth Singhal, Head of BD at Trilitech, stated:
"We are excited to bring the power of Etherlink to developers through our integration with Magic’s wallet SDK. This partnership unlocks the full potential of Web3 by enabling scalable and accessible dApps, paving the way for gasless transactions and simplifying the development process."
With Etherlink now supported by Magic, developers have access to a comprehensive toolkit that combines scalability, security, and usability. This integration aims to simplify the development process and enhance the user experience, fostering a new era of secure and user-friendly decentralized applications.

Sean Li, Co-Founder and CEO of Magic, added, "Etherlink is an exemplary Layer 2 blockchain, offering fast block times, low transaction costs, MEV protection, and on-chain governance. This partnership is a significant step towards onboarding the next billion users to Web3, leveraging Etherlink’s strengths."

About Etherlink

Etherlink is an EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollups. It offers permissionless access, inherits Tezos Layer 1 security, and features decentralized governance, fraud proofs, and censorship resistance. Etherlink ensures fast, fair, and nearly free transactions, with built-in MEV protection.

About Magic

Magic enables businesses of all sizes to harness the benefits of Web3 without the complexities. As the industry’s leading wallet-as-a-service provider, Magic offers essential NFT capabilities and has seen 300% YoY growth since 2018. With over 31 million wallets created and embraced by over 170,000 developers and brands like Mattel, Macy's, Forbes, Helium, and WalletConnect, Magic is a cornerstone of Web3 innovation.

For more information, visit etherlink.com and magic.link.