San Francisco, United States
Magic Labs, a startup founded in 2020, has established itself as a pioneer in the web3 domain, famously coining the concept of embedded wallets in 2018. The company has since facilitated the creation of over 50 million wallets and is currently developing Magic Newton.
Their core product, an SDK, enables seamless integration of instant web3 wallets using web2 login methods, such as email and social platforms, thus enhancing user conversion rates and eliminating the technical burdens of seed phrases and downloads. Designed with enterprise-grade security, it allows businesses to adopt web3 technology with minimal friction.
Headquartered in the United States, Magic Labs is committed to advancing web3 adoption with the ambitious aim to onboard one billion users. With a notable $52 million Series B investment led by renowned entities like PayPal Ventures, Northzone, Cherubic Ventures, Synchrony Ventures, Volt Capital, and Kx Technology Fund on May 31, 2023, Magic Labs is poised for expansive growth in the evolving web3 ecosystem.
