CoinVoice has recently learned that Mechanism Capital partner Andrew Kang stated on social media that the market is about to welcome the most prosperous NFT bull market in history. 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 the valuation of NFT trading platforms, Kang believes that Magic Eden's pre-listing valuation of $3 billion highlights that Blur, which has a larger market share, is severely undervalued.
He expects that the fee distribution mechanism that Blur is about to activate will bring substantial benefits to token holders, effectively balancing the impact of mining rewards on the market. [Original link]
