Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), joined Sony Block Solutions Labs to support developers and creators on Sony’s public Ethereum Layer-2 (L2) blockchain, seeking to simplify users’ experience and open opportunities by bringing automation to Soneium.
Automation Arrives At Sony’s Ethereum L2 Blockchain
Ava Protocol and Soneium announced their collaboration to bring automation to Sony’s new Ethereum L2 blockchain. The partnership aims to “simplify blockchain” for Soneium developers and non-technical users by executing transactions and smart contracts based on predefined conditions.
The EigenLayer AVS provides Web3 infrastructure to support cross-chain automation, enabling composable autonomous transactions and allowing developers to deploy dApps rapidly.
Implemented as part of the Soneium Spark incubation program, Ava Protocol’s infrastructure is set to provide participants with an efficient and trustless solution to automate their projects, offering access to privacy, composability, and lower transaction costs.
The collaboration will allow creators to tokenize Real-World Assets (RWA) and unlock fractional ownership alongside new distribution methods, enabling creators and developers in Sony’s Ethereum L2 blockchain to monetize their work using intent-based, no-code automation.
As the first automation provider on Soneium, Ava protocol seeks to open opportunities for monetizing art, intellectual property, and physical goods. Additionally, it will support recurring payments, stop-loss orders, yield harvesting, and dynamic NFT updates and minting.
Web3 Industry in A ‘Major Transformation’
Ava Protocol’s Head of Marketing, Sam Shev, highlighted the partnership’s intention to support creators’ best skills by trying to reduce the barriers to Web3:
Soneium is fostering an open internet that transcends boundaries and brings together creators from all walks of life. Ava Protocol’s powerful automation tools will streamline processes and reduce barriers to entry, allowing creators to focus on what they do best – creating. We envision Soneium becoming a major hub for creativity, collaboration, and innovation, enabling individuals and communities to transform the world through human creativity.
Meanwhile, Chris Li, the founder of Ava Protocol, underscored these projects’ goal to facilitate access to the Web3 space with simple tools and solutions:
Ava Protocol is incredibly excited to join forces with Soneium as the Web3 space works to become more accessible. Our technology provides creators and developers with the tools they need to be truly empowered when it comes to their assets. Ava Protocol’s seamless automation minimizes complexity, enabling them to innovate freely. With this collaboration, we’re taking a significant step toward our vision of being the leading solution for smart contract automation on Soneium.
As reported by Bitcoinist, Sony’s public Ethereum L2 blockchain is part of the company’s “strategic expansion” into the blockchain ecosystem, aiming to bring Web3 technologies to mainstream adoption by leveraging its distribution network in different industries.
Designed to be a versatile, general-purpose blockchain, Soneium seeks to integrate Web3 into daily applications and serve multiple needs across different industries and user bases globally. It also aims to create a “robust, developer-friendly environment” that supports innovation, communities, creators, and developers.
Sota Watanabe, Director of Sony Block Solutions Labs, noted the Web3 industry’s “major transformation,” explaining that its decisive moment will be “whether we, as companies involved in Web3, can truly provide solutions that billions of people use as a matter of course in their daily lives and make Web3 mainstream in the next few years.”
Ethereum (ETH) is trading at $2,478 in the three-day chart. Source: ETHUSDT on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com
Credit: Source link
