Automation Arrives At Sony’s Ethereum L2 Blockchain
Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), has partnered with Sony Block Solutions Labs to support developers and creators on Sony’s public Ethereum Layer-2 (L2) blockchain. This collaboration aims to simplify the user experience and open new opportunities by bringing automation to Soneium.
Ava Protocol and Soneium have announced their collaboration to introduce automation to Sony’s new Ethereum L2 blockchain. The partnership is geared towards “simplifying blockchain” for Soneium developers and non-technical users by allowing the execution of transactions and smart contracts based on predefined conditions.
EigenLayer AVS offers Web3 infrastructure to facilitate cross-chain automation, enabling composable autonomous transactions. This allows developers to deploy decentralized applications (dApps) rapidly. Implemented as part of the Soneium Spark incubation program, Ava Protocol’s infrastructure will provide participants with an efficient and trustless solution to automate their projects, enhancing privacy, composability, and reducing transaction costs.
Advertisement Banner
This collaboration will enable creators to tokenize Real-World Assets (RWAs) and unlock fractional ownership alongside new distribution methods. Developers and creators on Sony’s Ethereum L2 blockchain will be able to monetize their work using intent-based, no-code automation. As the first automation provider on Soneium, Ava Protocol aims to open new monetization avenues for 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’
Sam Shev, Ava Protocol’s Head of Marketing, emphasized the partnership’s objective to support creators by reducing 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, highlighted the project’s 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. Sony aims to bring Web3 technologies to mainstream adoption by leveraging its distribution network across various industries.
Soneium is designed as a versatile, general-purpose blockchain that seeks to integrate Web3 into daily applications, serving multiple needs across different industries and user bases globally. It 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 companies involved in Web3 can truly provide solutions that billions of people use daily and make Web3 mainstream in the coming years.
Ethereum Market Update
Ethereum (ETH) is currently trading at $2,478 in the three-day chart, reflecting the ongoing developments and market trends. As the blockchain ecosystem continues to evolve, collaborations like that of Ava Protocol and Sony are poised to play a significant role in shaping the future of Web3 technologies.
