COMPANY PROFILE

MagicNewton

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Chain unification network enhancing web3 with cross-chain interoperability and developer rewards

San Francisco, United StatesFounded 2018Fintech

Valuation $100–250M Last recorded · 2025

Total funding $10–50M Disclosed equity funding

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About MagicNewton

Magic Newton operates in the rapidly evolving web3 market, providing a chain unification network that addresses the fragmentation within the blockchain ecosystem. By leveraging ZK technology, Magic Newton offers high-performance solutions that enable cross-chain interoperability, allowing users to quickly access liquidity through its AggLayer feature. The company serves developers and blockchain enthusiasts by rewarding them directly for their contributions, fostering a more collaborative and incentivized environment. Magic Newton's business model revolves around offering a free wallet platform, Magic Labs, which includes Passport, the first chain-abstracted smart wallet. This platform also features embedded wallets and subsidized gas fees, making it an attractive option for users seeking cost-effective and efficient blockchain solutions. The company generates revenue through partnerships and collaborations within the blockchain industry, capitalizing on its innovative technology and user-friendly services.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2018
Headquarters: San Francisco, United States
Open positions: None listed
Dealroom signal: 21.7/100
Industry: Fintech
Sub-industry: Crypto and DeFi
Sector: Fintech, Web 3.0, Crypto and Web 3.0 Infrastructure, Crypto and Web3
Technology: Blockchain, Artificial Intelligence
Business model: SaaS
Client focus: b2b
Links: Website X

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
EARLY VC✓Equity / VC	May 2025	$18M	$72M	Undisclosed	↗

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Growth signals

MagicNewton website traffic

Latest recorded traffic for MagicNewton is 2K monthly website visits, down 35.5% over the last three months.

Latest monthly visits2K 3-month web change-35.5%

Monthly website visitsMay 2025–Jul 2026

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