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Magic
Magic Labs provides wallet infrastructure and SDKs for developers to integrate passwordless authentication and non-custodial wallets into web2 and web3 applications. Pioneering wallet abstraction, they offer embedded wallets, API wallets, and support over 30 blockchains. Their solutions aim to simplify the user experience by removing the need for passwords and seed phrases, providing secure, compliant, and user-friendly tools for building onchain.
San Francisco, USA
Description
Founded in 2018, Magic Labs specializes in simplifying wallet infrastructure for both web2 and web3 applications. They pioneered the concept of wallet abstraction and provide a developer SDK for integrating passwordless authentication (via email, social logins, SMS) and non-custodial wallets-as-a-service. Their patented Delegated Key Management System (DKMS) ensures security, and they hold certifications like SOC 2 Type 2 and ISO 27001:2013. Magic's solutions, which include embedded wallets, API wallets, and support for account abstraction, are compatible with over 30 blockchains like Ethereum, Polygon, and Solana. Their goal is to abstract away complexity, making it easier for developers to build user-friendly onchain applications and onboard a wider audience. The company is backed by investors including PayPal Ventures, Polygon, Lightspeed, and Tiger Global.Grant Funding
VC Funding
None
2020
$0
$4M