EigenLayer Active Validated Service Ava Protocol will power automation for Sony Block Solution Labs’ new layer-2 blockchain, Soneium.
According to the protocol’s press release, Ava Protocol will leverage its event-driven automation infrastructure to power the Soneium Spark incubation program.
By doing this, creators and developers have the opportunity to monetize and manage their work on Sonieum using Ava Protocol’s no-code, intent-based automation.
Speaking to crypto.news, Ava Protocol founder Chris Li explained that Ava Protocol benefits from lower compute and storage costs, even outperforming traditional layer 2 solutions.
“Our technology gives creators and developers the tools they need to be truly empowered when it comes to their assets,” Chris told crypto.news.
Regarding the discussion between layer-1 and layer-2 solutions, Li noted that Ava Protocol’s solutions “enable users to bridge assets across layer-2 and layer-1 with one click.”
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“With this collaboration, we are taking an important step towards our vision to be the leading solution for smart contract automation on Soneium,” Li told crypto.news.
Li also clarified that the launch of Ava Protocol’s native asset will not impact the Soneium integration as they are seen as “two separate events.”
Creators on Soneium can also use Ava Protocol to tokenize real-world assets, giving users opportunities to monetize art, intellectual property, and physical goods through decentralized marketplaces.
Soneium is designed as an open-source, all-purpose blockchain that meets the needs of users across all platforms. Through this partnership, Ava Protocol can execute transactions and smart contracts on Soneium based on specific circumstances such as price changes, time or events.
It supports recurring payments, stop-loss orders and yield harvesting, as well as NFT updates and minting.
Previously, Ava Protocol launched an AVS on the Ethereum recovery protocol EigenLayer, reaching a total value of $3 billion. To date, more than 35 ecosystem dApp developers have used the automation technology.
Read more: Sony’s Soneium could set the pace of the blockchain – is BlackRock preparing to follow?
Credit : cryptonews.net
