Sony's Ethereum Layer-2 blockchain, Soneium, has partnered with Ava Protocol, an event-driven EigenLayer Active Validated Service. The collaboration aims to support developers and creators.
The partnership seeks to simplify users' experience on Soneium. It will bring automation to Sony's blockchain as Ava Protocol will execute transactions and smart contracts based on predefined conditions.
The collaboration is part of the Soneium Spark incubation program and it will provide participants with an efficient, trustless automation solution. Creators will be able to tokenize Real-World Assets. This opens up new possibilities for fractional ownership and distribution methods.
Ava Protocol is the first automation provider on Soneium, aiming to create opportunities for monetizing various assets. These include art, intellectual property, and physical goods.
The protocol will also support recurring payments and other financial operations.
Sam Shev, Head of Marketing at Ava Protocol, commented on the partnership. "Soneium is fostering an open internet that transcends boundaries," he said. "Ava Protocol's powerful automation tools will streamline processes and reduce barriers to entry."
Chris Li, founder of Ava Protocol, emphasized the project's goal. "Ava Protocol is incredibly excited to join forces with Soneium," he stated. "Our technology provides creators and developers with the tools they need to be truly empowered."
Sony's public Ethereum L2 blockchain is part of the company's strategic expansion. It aims to bring Web3 technologies to mainstream adoption with a help of a versatile, general-purpose blockchain. The platform seeks to integrate Web3 into daily applications. It aims to serve multiple needs across different industries globally. Soneium also wants to create a robust, developer-friendly environment.
Sota Watanabe, Director of Sony Block Solutions Labs, noted the industry's transformation. He stated that the decisive moment will be whether Web3 companies can provide solutions for billions of users, because the goal is to make Web3 mainstream in the coming years.
The partnership between Soneium and Ava Protocol represents a significant step in this direction. It combines Sony's distribution network with Ava Protocol's automation capabilities. This collaboration could potentially accelerate the adoption of Web3 technologies across various sectors.