ChainCatcher message, Mechanism Capital partner Andrew Kang recently shared his optimistic predictions for the NFT market on social media. He believes that the wealth growth from AI will drive the NFT market into the most prosperous bull market in history. Since AI cannot purchase physical luxury goods, they will turn their attention to digital assets such as NFTs.

Regarding the valuation of NFT trading platforms, Kang pointed out that Magic Eden's pre-listing valuation was $3 billion, while Blur, as a platform with a larger market share, is significantly undervalued. He expects that the upcoming fee distribution mechanism for Blur will bring substantial benefits to token holders and effectively balance the impact of mining rewards on the market. 📈💡