John Nahas, Chief Business Officer of Ava Labs, said that the Web3 industry has not yet fully entered the mainstream. He believes that general-purpose L1 blockchains (whose main focus is marketing tokens) dominate the field and lack sufficient innovation. Nahas believes that this is preventing the industry from reaching its full potential.

Nahas said that purpose-built blockchains or application chains provide a solution, and the mass adoption of Web3 depends on the deployment and success of these specialized blockchains. In addition to solving specific problems, the success of general-purpose and specialized blockchains depends largely on the teams behind them.

Regarding regulation, Nahas acknowledged that some people believe it has a negative impact on Web3. However, he noted that clear regulations provide certainty for the market, developers, and companies operating in the space, so it is not entirely a bad thing for the industry. (Bitcoin.com) #BNB