Ava Labs Chief Business Officer: The dominance of general L1 chains in the Web3 field hinders innovation, application chains can provide solutions
John Nahas, Chief Business Officer of Ava Labs, stated that the Web3 industry has not fully entered the mainstream. He believes that general-purpose L1 blockchains (whose main focus is marketing tokens) dominate this field and lack sufficient innovation. Nahas thinks this hinders the full potential of the industry. According to Nahas, specially built blockchains or application chains offer a solution, and large-scale adoption of Web3 depends on the deployment and success of these professional blockchains. Besides solving specific problems, the success of both general-purpose and specialized blockchains largely depends on their backing teams. Regarding regulation, Nahas admits some people think it negatively impacts Web3. However, he pointed out that clear regulations provide certainty for markets, developers and companies operating in this field; therefore it's not entirely bad for the industry.(Bitcoin.com)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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