Avalanche subnet changes

Teemu and I discussed the possibility of Avalanche no longer requiring subnets to validate the main network. At the time, I did not see the value - why wouldn't you just build on Cosmos? Teemu mentioned the possibility of raising from capital that needs to invest in an otherwise barren ecosystem. I now suspect they may end up sucking air off L2s instead of Cosmos. Also, I think Avalanche has the advantage that they can tell any EVM story to those were looking to L2s. It is something I hadn’t considered. It might not pull away teams that are looking into Cosmos, but will impact those that look at the L2 landscape and decide there is not enough there for them.