Ava Labs exec: NYSE deal ends blockchain’s general-purpose era

The shift Nahas describes is less about technology than about institutional posture: purpose-built systems signal that firms have decided which onchain functions are worth owning rather than testing broadly. That matters most for general-purpose chains and tooling vendors whose pitch rested on experimentation, since targeted infrastructure tends to concentrate value around a few integrators. The open question is whether this narrowing spreads beyond the institutions already named, or stays a boutique approach for large incumbents with the resources to build bespoke systems.