Ava Protocol set to power Sony’s new blockchain, Soneium

The EigenLayer Actively Authenticated Service Ava Protocol will power automation for Sony Block Solution Labs’ new layer-2 blockchain, Soneium.

Ava Protocol will use event-driven automation infrastructure to power the Soneium Spark incubation program, according to the protocol’s press release.

By doing this, creators and developers have the opportunity to manage their business as well as monetize their work on Sonieum using Ava Protocol’s intent-driven, code-free automation.

Speaking to Crypto.news, Ava Protocol founder Chris Li explained that the Ava Protocol benefits from lower computation and storage costs, outperforming even traditional layer-2 solutions.

“Our technology gives creators and developers the tools they need to become truly empowered when it comes to their assets,” Chris told crypto.news.

Regarding the debate between layer 1 and layer 2 solutions, Li noted that Ava Protocol’s solutions “allow users to bridge assets between layer 2s and layer 1s with a single click.”

“With this collaboration, we are taking a significant step towards our vision of becoming the leading solution for smart contract automation at Soneium,” Li told crypto.news.

Li also clarified that the launch of Ava Protocol’s native presence will not impact the Soneium integration because they are considered “two separate events.”

Creators on Soneium can also use the Ava Protocol to tokenize real-world assets, providing users with opportunities to monetize art, intellectual property, and physical products through decentralized markets.

Soneium is designed to be an open-source, multi-purpose blockchain that meets the needs of users on all platforms. Thanks to this partnership, Ava Protocol will be able to execute transactions and smart contracts on Soneium based on certain conditions 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 Ethereum repurchase protocol EigenLayer, reaching a total key valuation of $3 billion. So far, more than 35 ecosystem dApp developers have used the automation technology.