ChainCatcher message, Mechanism Capital partner Andrew Kang stated in a social media post 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 the valuation of NFT trading platforms, Kang believes that the current pre-IPO valuation of Magic Eden at 3 billion dollars 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.