Deep Tide TechFlow news, on December 2nd, Mechanism Capital partner Andrew Kang stated on social media that the prediction market is about to welcome the most prosperous NFT bull market in history. He pointed out that AI will become extremely wealthy, and since it cannot purchase physical luxury goods, AI will turn to buying NFTs.

In terms of the valuation of NFT trading platforms, Kang believes that the current pre-listing valuation of Magic Eden at $3 billion highlights that Blur, which holds 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.