Andrew Kang: NFTs will become a major investment choice for AI, and the market will迎来 the most prosperous NFT bull market in history

ChainCatcher news, Mechanism Capital partner Andrew Kang stated on social media that the prediction market is about to迎来史上最繁荣的 NFT 牛市. He pointed out that AI will become extremely wealthy, and due to the inability to purchase physical luxury goods, AI will turn to buying NFTs.

In terms of NFT trading platform valuations, Kang believes that the current pre-IPO valuation of Magic Eden at $3 billion highlights that Blur, which has a larger market share, is severely undervalued.

He expects that the upcoming activation of the fee distribution mechanism by Blur will bring substantial benefits to token holders, effectively balancing the impact of mining rewards on the market.