John Nahas, chief business officer at Ava Labs, says traditional finance no longer wants blockchains built to do everything. Ava Labs is the company behind the Avalanche network. Nahas made the remarks in an interview published on Nov 10, 2026.
Nahas pointed to Ava Labs' collaboration with the New York Stock Exchange as evidence. In his view, institutions are no longer only running pilots. He says they are now building market infrastructure onchain that is designed for one specific job.
That puts two approaches against each other: general-purpose chains that try to serve every use, and networks built for a single market function. Nahas is clearly on the second side. He calls this the end of blockchain's 'general purpose era.'
The interview summary does not say what the NYSE collaboration involves. It gives no terms, no timeline, no product and no launch date. It also does not say whether the NYSE agrees with how Nahas describes the deal.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The interview does not mention perpetual futures, funding rates, trading fees or exchange liquidity. A position held today costs the same to keep open as it did before this interview.
Source: cointelegraph — Ava Labs exec says NYSE deal marks end of blockchain’s ‘general purpose era’
Price today: Avalanche