Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), has joined Sony Block Solutions Labs to support developers and makers on Sony’s public Ethereum Layer-2 (L2) blockchain, in an effort to simplify the user experience and open capabilities by automation to Sonium.
Automation Arrives at Sony’s Ethereum L2 Blockchain
Ava protocol and Soneium have announced their partnership 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 terms.
The EigenLayer AVS offers Web3 infrastructure to support cross-chain automation, enabling autonomous transaction construction and developers to quickly deploy dApps.
Ava Protocol’s infrastructure, implemented as part of the Soneium Spark incubation program, aims to provide participants with an efficient and reliable solution to automate their projects, with access to privacy, composability and lower transaction costs.
The partnership will allow creators to tokenize Real-World Assets (RWA) and unlock fractional ownership in addition to new distribution methods, allowing creators and developers on 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 create opportunities for monetizing art, intellectual property, and physical goods. Moreover, it supports recurring payments, stop-loss orders, revenue harvesting, and dynamic NFT updates and minting.
Web3 industry in a ‘major transformation’
Sam Shev, Ava Protocol’s Head of Marketing, emphasized the partnership’s intent to support creators’ best skills by seeking to break down the barriers to Web3:
Soneium promotes an open internet that transcends borders and brings together makers 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 see Soneium becoming a major hub for creativity, collaboration and innovation, empowering individuals and communities to transform the world through human creativity.
Meanwhile, Chris Li, the founder of Ava Protocol, underlined the aim of these projects 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 becomes increasingly accessible. Our technology gives creators and developers the tools they need to be truly empowered when it comes to their assets. Ava Protocol’s seamless automation minimizes complexity, allowing them to innovate freely. With this collaboration, we are taking an important step towards our vision to be the leading solution for smart contract automation on Soneium.
If reported by Bitcoinist, Sony’s public Ethereum L2 blockchain is part of the company’s “strategic expansion” into the blockchain ecosystem, aiming to mainstream Web3 technologies by leveraging its distribution network across industries.
Designed as a versatile, general-purpose blockchain, Soneium seeks to integrate Web3 into everyday applications and address multiple needs across industries and user groups worldwide. It also aims to create a “robust, developer-friendly environment” that supports innovation, communities, makers and developers.
Noting the “major transformation” of the Web3 industry, Sota Watanabe, director of Sony Block Solutions Labs, explained that the decisive moment will be “whether we, as companies involved in Web3, can truly provide solutions that benefit billions of people.” take for granted. in their daily lives and will make Web3 mainstream in the coming 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