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Ava Protocol's actively validated EigenLayer service will drive automation of Sony Block Solution Labs' new Layer 2 blockchain, Soneium.
According to the protocol's press release, Ava Protocol will deploy its event-driven automation infrastructure to power the Soneium Spark incubation program.
By doing so, creators and developers have the opportunity to monetize and manage their work on Sonieum using Ava Protocol's intent-based codeless automation.
Speaking to crypto.news, Ava Protocol founder Chris Li explained that Ava Protocol benefits from lower compute and storage costs, outperforming even traditional Layer 2 solutions.
“Our technology provides creators and developers with the tools they need to be truly empowered when it comes to their assets,” Chris told crypto.news.
Regarding the debate between Layer 1 and Layer 2 solutions, Li commented that Ava Protocol's solutions “allow users to join assets between Layer 2 and 1 with a single click.”
“With this collaboration, we are taking an important step towards our vision of being the leading solution for smart contract automation on Soneium,” Li told crypto.news.
Li also clarified that the launch of the Ava Protocol native asset will not affect the Soneium integration as they are considered “two separate events.”
Soneium creators can also use the Ava Protocol to tokenize real-world assets, opening opportunities for users to monetize art, intellectual property, and physical goods through decentralized marketplaces.
Soneium was designed to be an open source, multipurpose blockchain that meets the needs of users across all platforms. Through this partnership, Ava Protocol will be able to execute transactions and smart contracts on Soneium based on specific conditions such as price changes, time or events.
Supports recurring payments, stop-loss orders, and yield harvesting, as well as nft upgrades and minting.
Previously, Ava Protocol launched an AVS on the ethereum recovery protocol EigenLayer, achieving a total value locked of $3 billion. So far, more than 35 dApp developers in the ecosystem have used its automation technology.
