As a seasoned researcher with a knack for deciphering the intricacies of blockchain technology, I find the collaboration between Ava Protocol and Sony Block Solution Labs’ Soneium incredibly intriguing. With my years of experience under my belt, I have seen firsthand the transformative power of decentralized solutions in various industries.
The Ava Protocol, powered by EigenLayer Actively Validated Service, is set to drive automation for the latest layer-2 blockchain project from Sony Block Solution Labs, named Soneium.
As stated in a recent press release, Ava Protocol plans to implement its system for automated responses triggered by events to support the Soneium Spark startup accelerator program.
In this manner, makers and programmers can not only generate income but also administer their tasks within Sonieum by leveraging Ava Protocol’s user-friendly, intent-driven, automation solution that doesn’t require coding.
In an interview with crypto.news, Chris Li, founder of Ava Protocol, highlighted that Ava Protocol’s advantages stem from reduced computational and storage expenses. Remarkably, these cost savings exceed those offered by conventional layer-2 solutions.
Chris stated that our technology equips creators and coders with essential resources, allowing them to feel genuinely powerful in managing their digital possessions,” was said by Chris to crypto.news.
In relation to the ongoing discussion about layer-1 and layer-2 systems, Li noted that Ava Protocol’s solutions enable users to transfer assets seamlessly between layer-2 and layer-1 platforms with just one click.
As part of this partnership, I’m eagerly moving one step closer to realizing our aspiration of becoming the forefront provider in smart contract automation within the Soneium ecosystem.
Li additionally made it clear that the debut of Ava Protocol’s native token won’t impact the integration of Soneium, as these are considered “independent occurrences”.
On Soneium, creators are additionally able to employ the Ava Protocol for the digitalization of tangible world possessions. This allows individuals to generate income by tokenizing their artwork, intellectual properties, and physical items via decentralized trading platforms.
DreamChain, created as a versatile, open-source blockchain platform, aims to cater to users from various systems. This collaboration with Ava Protocol allows for the execution of transactions and deployment of smart contracts on DreamChain under certain triggers such as price fluctuations, time, or specific events like market updates.
This system allows for regular payments, the use of stop-loss orders, and the ability to earn yields, in addition to updates and creation of Non-Fungible Tokens (NFTs).
Earlier, Ava Protocol introduced an AVS on the re-staking system EigenLayer within the Ethereum network. This move successfully reached a Total Value Locked amounting to $3 billion. Moreover, over 35 different decentralized application (dApp) developers within the ecosystem have since utilized its automation technology.
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2024-10-02 16:06