Ava Labs Exec Says NYSE Deal Ends General Purpose Era

John Nahas, chief business officer at Ava Labs, states the NYSE partnership signals the end of the general purpose blockchain era. The collaboration uses Avalanche technology for clearing and settlement, aiming to provide reliable performance and predictable costs for institutions. This move contrasts with the OKXICE platform, which listed 67 companies that objected to third-party tokenization as of Nov.