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 the speed and cost-efficiency of Etherlink with Magic’s easy-to-use wallet SDK.
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This collaboration addresses key challenges in the blockchain industry by providing lower transaction fees, faster speeds, and efficient use of resources, while maintaining decentralization and censorship resistance. Etherlink’s integration with Tezos as an “anchored” package enhances its security and infrastructure and ensures robust support for developers and dApps transitioning from the EVM space.
Key features of Etherlink
Sub-second block times: Fast transactions improve user experience.
Low transaction fees: Fees as low as $0.001 make transactions more accessible.
Enhanced security: Integration with Tezos Layer 1 as an “anchored” 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, said:
“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 simplified.”
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 improve the user experience, promoting a new era of secure and easy-to-use decentralized applications.
Sean Li, co-founder and CEO of Magic, added: “Etherlink is an exemplary Layer 2 blockchain, offering fast block times, low transaction fees, MEV protection and on-chain governance. This partnership is an important step toward the next billion users to Web3, leveraging Etherlink’s strengths.”
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About Etherlink
Etherlink is an EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollups. It provides permissionless access, adopts Tezos Layer 1 security, and features decentralized governance, tamper resistance, and censorship resistance. Etherlink ensures fast, fair and virtually free transactions, with built-in MEV protection.
About magic
Magic enables companies of all sizes to leverage the benefits of Web3 without the complexity. As the industry’s leading wallet-as-a-service provider, Magic offers essential NFT capabilities and has seen 300% year-over-year growth since 2018. With more than 31 million wallets created and adopted by more than 170,000 developers and brands such as Mattel, Macy’s, Forbes, Helium and WalletConnect, Magic is a cornerstone of Web3 innovation.
For more information, visit etherlink.com and magic.link.