According to ChainCatcher's message, Andrew Kang, a partner at Mechanism Capital, posted on social media that the prediction market is about to witness the most prosperous Non-Fungible Token (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.
Regarding the valuation of Non-Fungible Token (NFT) trading platforms, Kang believes that the current $3 billion pre-listing valuation of Magic Eden highlights the severe undervaluation of Blur, which has a larger market share.
He predicts that the imminent activation of Blur's fee distribution mechanism will bring substantial benefits to token holders, effectively balancing the impact of mining rewards on the market.
