Magic partners with Etherlink to power Tezos dApp development with improved scalability and security.
According to a press release shared with Cryptonews.com, this collaboration builds on the current relationship to support the growth of the web3 community and the transition to web3 technologies while delivering services and solutions.
We are excited to announce the integration between Magic and @Etherlink
Etherlink, a non-custodial, EVM-compatible @tezos layer two solution, delivers enhanced user and developer experiences while leveraging the underlying foundations of Tezos.
Enhanced security and… pic.twitter.com/EdlZPnUMpw
— Magic (@magic_labs) May 28, 2024
Magic and Tezos strengthen existing partnership
The new integration aims to simplify onboarding for blockchain users. By combining the scalability and security of Etherlink with Magic’s easy-to-use wallet SDK, the partnership aims to improve the development of decentralized applications (dApps) on the Tezos blockchain.
Etherlink, an EVM-compatible Layer 2 solution, offers fast transaction times and low fees. It integrates directly with Tezos layer 1, reducing common smart contract risks and providing a solid foundation for secure dApp development.
“Etherlink checks all the boxes for a strong L2 blockchain. Fast block times, cheap transactions, MEV protection and on-chain governance,” said Sean Li, co-founder and CEO of Magic.
“A community-led protocol that not only enables great UX with high throughput, but also with improved decentralization and security,” said Li. “We are absolutely thrilled to partner and connect the next billion users to web3 using Etherlink.”
Improved ecosystem for users and developers
This integration allows developers to use Magic’s wallet SDK to create dApps that are both scalable and easy to use.
Features such as gasless transactions and better user experiences are expected to drive adoption and engagement within the Tezos ecosystem and support the growth of the web3 community.
“We are excited to continue the momentum with Magic and bring the power of Etherlink to developers,” said Trilitech’s head of BD Siddharth Singhal. Trilitech is the adoption hub for the Tezos blockchain.
“By integrating with Magic’s developer-friendly wallet SDK, we are unlocking the full potential of web3 by enabling developers to quickly create dApps that are scalable and accessible to mainstream users,” said Singhal.
