Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ava Labs Chief Business Officer: The dominance of general L1 chains in the Web3 field hinders innovation, application chains can provide solutions

Ava Labs Chief Business Officer: The dominance of general L1 chains in the Web3 field hinders innovation, application chains can provide solutions

Bitget2024/10/13 07:02

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)

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!