PANews December 2 news, Mechanism Capital partner Andrew Kang stated on social media that the market is about to welcome the most prosperous and abundant NFT bull market in history. He believes that AI will become extremely wealthy, and since it cannot purchase physical luxury goods, AI will turn to buying NFTs. Regarding NFT trading platforms, Kang pointed out that Magic Eden's pre-listing valuation reached 3 billion USD, while Blur, which has a larger market share, is currently significantly undervalued. He added that the activation of Blur's fee switch will bring substantial value to token holders, potentially offsetting mining rewards.
