EigenLayer Actively Validated Service Ava Protocol to Power Automation for Sony Block Solution Lab’s Soneium Blockchain
In an exciting development, Ava Protocol will be leveraging its event-driven automation infrastructure to support Sony Block Solution Lab’s new layer-2 blockchain, Soneium.
The collaboration aims to empower creators and developers on Soneium by providing them with the tools they need to monetize and manage their work using Ava Protocol’s intent-based, no-code automation technology.
Chris Li, the founder of Ava Protocol, emphasized the cost-effectiveness of their solution, stating that it offers lower computation and storage costs compared to traditional layer-2 solutions. This will enable users to bridge assets seamlessly across different layers with just a single click.
“Our technology is designed to empower users to take control of their assets and maximize their potential,” said Chris Li in a statement to crypto.news.
Through this partnership, Ava Protocol aims to become the go-to solution for smart contract automation on Soneium, offering creators the ability to tokenize real-world assets such as art, intellectual property, and physical goods on decentralized marketplaces.
Soneium, an open-source blockchain designed to cater to the diverse needs of users across all platforms, will benefit from Ava Protocol’s automation capabilities. This includes executing transactions and smart contracts based on specific conditions like price changes, time, or events, as well as supporting recurring payments, stop-loss orders, yield harvesting, NFT updates, and minting.
In a previous success story, Ava Protocol achieved a total value locked of $3 billion on the Ethereum restaking protocol EigenLayer, attracting over 35 ecosystem dApp developers to utilize its automation technology.
With Ava Protocol’s innovative solutions and Sony Block Solution Lab’s commitment to driving blockchain innovation, the partnership promises to unlock new opportunities for creators and developers on the Soneium blockchain.