Magic Labs Unveils AI Crypto Platform Newton on Base

Magic Labs has introduced Magic Newton, an AI-powered crypto platform, utilizing Coinbase’s Base blockchain, launched on May 7, 2025.

The launch reflects Magic Labs’ commitment to advancing finance through automation, backed by $83 million, and is expected to influence blockchain dynamics.

Magic Labs Launches $83M AI Platform on Base

Magic Labs launched Magic Newton, described as offering “FINANCIAL FREEDOM ON AUTOPILOT,” designed to automate blockchain tasks and maintain asset control.

Built on Coinbase’s Base blockchain, the platform is a “chain unification network” focusing on EVM-compatible chains, in collaboration with Polygon Labs. “The collaboration with Coinbase and Polygon Labs shows strong institutional support for our project,” said Magic Labs’ leadership team.

$83 Million Funding Boosts Base Ecosystem Potential

The launch potentially impacts the Base ecosystem, and may bolster ETH valuations. Strong investor confidence is evident through $83 million in funding.

The introduction of the Credits program is aimed at increasing user engagement, suggesting a strategic push for platform adoption.

AI Enhances Blockchain Interoperability and Security

This endeavor builds on previous blockchain interoperability efforts, adding AI-driven automation with verification. “The Newton Protocol serves as the platform’s trust infrastructure, merging preventative measures, cryptographic verification, and reputation management to keep agents trustworthy regardless of transaction complexity or the number of blockchains involved,” Magic Labs noted in an official statement.

Outcomes could include enhanced cross-chain interactions and a secure space for agent-based services, reflecting prior trends in blockchain enhancements.