Ava Protocol, an active, event-driven EigenLayer service (AVS), has joined forces with Sony Block Solutions Labs to support developers and creators on Sony’s public Ethereum Layer-2 (L2) network, seeking to simplify the user experience and unlock opportunities by bringing automation to Sonyum.
Automation arrives on Sony’s Ethereum L2 blockchain
Ava protocol 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 pre-defined conditions.
EigenLayer AVS provides a Web3 infrastructure to support cross-chain automation, enabling composable independent transactions and allowing developers to quickly deploy decentralized applications.
The Ava Protocol infrastructure was implemented as part of the Soneium Spark incubation program, to provide participants with an efficient and trustless solution to automate their projects, providing access to privacy, composability and reduced transaction costs.
This collaboration will allow creators to tokenize real-world assets (RWA) and open fractional ownership along with new distribution methods, enabling creators and developers on Sony’s Ethereum L2 blockchain to monetize their work using intent-based, no-code automation.
As Soneium’s first automation provider, Ava Protocol seeks to unlock monetization opportunities for art, intellectual property, and physical goods. Additionally, it will support recurring payments, stop-loss orders, revenue harvesting, dynamic NFT updates, and coin minting.
Web3 industry in ‘big transformation’
Sam Schiff, Head of Marketing at Ava Protocol, highlighted the partnership’s intention to support the best skills of creators by trying to reduce barriers to Web3:
Soneium promotes an open Internet that transcends borders and brings together creators from all walks of life. Ava Protocol’s powerful automation tools will streamline processes and reduce barriers to entry, allowing creatives to focus on what they do best – creativity. We envision Soneium becoming a premier hub for creativity, collaboration and innovation, empowering individuals and communities to transform the world through human creativity.
Meanwhile, Chris Lee, founder of Ava Protocol, emphasized the goal of these projects to make the Web3 space more accessible with simple tools and solutions:
Ava Protocol is very excited to join forces with Soneium as the Web3 space works to become more accessible. Our technology gives creators and developers the tools they need to truly empower them when it comes to their assets. Ava Protocol’s seamless automation reduces complexity, empowering them to innovate freely. With this collaboration, we are taking an important step towards our vision of being the leading smart contract automation solution on Soneium.
As reported by Bitcoinist, Sony’s public Ethereum L2 blockchain is part of the company’s “strategic expansion” into the blockchain ecosystem, with the aim of bringing Web3 technologies to mainstream adoption by leveraging its distribution network across various industries.
Designed to be a general-purpose multi-platform blockchain, Soneium seeks to integrate Web3 into everyday applications and serve multiple needs across various industries and user bases globally. It also aims to create a “strong, developer-friendly environment” that supports innovation, communities, creators, and developers.
Sota Watanabe, director of Sony Block Solutions Labs, noted the “big shift” in the Web3 industry, explaining that the defining moment will be “whether we, as companies involved in Web3, can truly deliver the 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