Magic Labs has launched its new platform, Magic Newton, built on Coinbase's Base blockchain. The platform is designed to automate blockchain tasks and manage assets.
Launch of AI Platform Magic Newton
Magic Labs has announced the launch of Magic Newton — a platform utilizing artificial intelligence technologies to automate processes in the cryptocurrency domain. This significant event took place on May 7, 2025, confirming the company's intent to drive revolutions in finance through automation.
Investment Implications for the Base Ecosystem
The platform's launch was backed by $83 million in investments, raising hopes for potential growth in the Base ecosystem and could positively impact ETH prices. Investor confidence is underscored by the scale of the funding directed toward developing this platform.
AI and Security in Blockchain Applications
Magic Labs noted that Newton will ensure a high level of security and interoperability through the integration of artificial intelligence-based solutions. The Newton Protocol will serve as the platform's trust infrastructure, connecting preventive measures, cryptographic verification, and reputation management, ensuring reliable operation of agent-based services regardless of transaction complexity.
The launch of Magic Newton highlights Magic Labs' commitment to integrating new technologies within the blockchain space, potentially shifting dynamics in the cryptocurrency field.
