📰 Table Of Contents
Magic and Tezos Partnership Announcement
Magic has partnered with Etherlink to boost Tezos dApp development with enhanced scalability and security. This collaboration aims to support the growth of the web3 community and the transition to web3 technologies by providing services and solutions.
Integration Details
The integration between Magic and Etherlink combines the scalability and security of Etherlink with Magic’s user-friendly wallet SDK. This partnership seeks to simplify onboarding for blockchain users and improve the development of decentralized applications (dApps) on the Tezos blockchain.
Enhanced Security and User Experience
Etherlink, a non-custodial, EVM-compatible layer two solution for Tezos, offers quick transaction times, low costs, and enhanced security features. By integrating directly with Tezos layer 1, Etherlink reduces smart contract risks and provides a secure foundation for dApp development.
Quotes from the CEOs
Magic co-founder and CEO Sean Li praised Etherlink, stating, “Etherlink checks all the boxes for a strong L2 blockchain. Fast block times, cheap transactions, MEV protection, and on-chain governance.”
Li also highlighted the community-led protocol of Etherlink, emphasizing its benefits for user experience, throughput, decentralization, and security.
Improved Ecosystem for Users and Developers
This integration will empower developers to leverage Magic’s wallet SDK to create scalable and user-friendly dApps. Features like gasless transactions and enhanced user experiences are expected to drive adoption and engagement within the Tezos ecosystem, supporting the growth of the web3 community.
Future Plans
Trilitech’s head of BD Siddharth Singhal expressed excitement about the partnership, stating, “We are excited to continue the momentum with Magic to bring the power of Etherlink to developers.”
Singhal emphasized the importance of integrating with Magic’s developer-friendly wallet SDK to unlock the full potential of web3, enabling developers to quickly build dApps that are scalable and accessible to mainstream users.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
