Magic Labs is a wallet infrastructure and wallet-as-a-service provider that delivers server and embedded wallets for web3 onboarding. Magic Labs's Twitter Score is 107 out of 1000 (an Excellent rating) as of August 2026, ranking #6,558 (top 5%) among 483,944 tracked accounts.
Magic Labs was founded by Sean Li, who serves as co-founder and CEO. The company closed a $52 million strategic funding round led by PayPal Ventures in May 2023, bringing total raised capital to over $80 million. Additional backers include Cherubic, Synchrony, KX, Northzone, Volt Capital, Polygon, Lightspeed, SV Angel, Social Capital, Digital Currency Group, CoinFund, and Tiger Global.
Magic Labs's wallet infrastructure has over seven years of proven reliability, supporting more than 200,000 developers, 53 million wallets, and 18,000 apps. Clients include Polymarket, Helium, and Immutable, among others. Magic Labs is also affiliated with Newton Protocol, an authorization layer for onchain transactions built by Magic Labs, focusing on stablecoins, real-world assets, institutional DeFi, and AI agent commerce.
Magic Labs has published 3,556 posts and has been mentioned by 267 accounts a total of 527 times. Magic Labs's portfolio includes OPOLIS.
Who follows Magic Labs on X?
The accounts that follow Magic Labs include 395 founders, 107 angel investors, 141 influencers and 9 VCs, among them Balaji, Solana, Laura Shin, Chris Burniske, Udi Wertheimer and Loomdart.